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The life annuity insurance market in singapore is forecasted to grow by USD 603.3 million during 2023-2028, accelerating at a CAGR of 3.4% during the forecast period. The report on the life annuity insurance market in singapore provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for insurance policies, increasing government regulations on mandatory insurance coverage, and growing hospital insurance programs.
The life annuity insurance market in singapore is segmented as below:
By Type
- Life (risk premium)
- Life (coinsurance)
- Accident and health
- Disability income
- Others
By Distribution Channel
- Offline
- Online
By Geographical Landscape
- APAC
The report on the life annuity insurance market in singapore covers the following areas:
- Life Annuity Insurance Market in Singapore sizing
- Life Annuity Insurance Market in Singapore forecast
- Life Annuity Insurance Market in Singapore industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Distribution Channel
10 Customer Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the life annuity insurance market in singapore: Allianz SE, Assicurazioni Generali S.p.A., AXA Group, Berkshire Hathaway Inc., China Life Insurance (Singapore) Pte. Ltd, China Taiping Insurance Holdings Co. Ltd., HSBC Holdings Plc, Legal and General Group PLC, Lemonade Inc., Munich Reinsurance Co., Nippon Life Insurance Co., and Pruco Life Insurance Company.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is popularity of microinsurance among insurance companies."
According to the report, one of the major drivers for this market is the increasing demand for insurance policies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Allianz SE
- Assicurazioni Generali S.p.A.
- AXA Group
- Berkshire Hathaway Inc.
- China Life Insurance (Singapore) Pte. Ltd
- China Taiping Insurance Holdings Co. Ltd.
- HSBC Holdings Plc
- Legal and General Group PLC
- Lemonade Inc.
- Munich Reinsurance Co.
- Nippon Life Insurance Co.
- Pruco Life Insurance Company
