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Singapore Life Insurance - Key Trends and Opportunities to 2025

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    Report

  • 87 Pages
  • May 2022
  • Region: Singapore
  • GlobalData
  • ID: 5632203
The publisher's ‘Singapore Life Insurance - Key Trends and Opportunities to 2025’ report provides a detailed outlook by product category for Singapore's life insurance segment.

The report provides in-depth market analysis, information and insights into the Singaporean life insurance segment.

It provides values for key performance indicators such as gross written premium, paid claims, insurance penetration, and premium accepted and ceded during the review period (2016-2020) and forecast period (2020-2025).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Singapore's economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together the publisher's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Key Highlights

  • Key insights and dynamics of the Singaporean life insurance segment.
  • A comprehensive overview of the Singaporean economy, government initiatives and investment opportunities.
  • The Singaporean insurance regulatory framework’s evolution, key facts, taxation regime, licensing and capital requirements.
  • The Singaporean life insurance industry’s market structure giving details of lines of business.
  • The Singapore’s life insurance reinsurance business’s market structure giving details of premium ceded along with cession rates.
  • Distribution channels deployed by the Singaporean life insurers.
  • Details of the competitive landscape and competitors’ profiles.

Scope


This report provides a comprehensive analysis of the life insurance segment in Singapore:

  • It provides historical values for the Singaporean life insurance segment for the report’s 2016-2020 review period, and projected figures for the 2020-2025 forecast period.
  • It profiles the top life insurance companies in Singapore and outlines the key regulations affecting them.

Reasons to Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean life insurance segment.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.

Table of Contents

  • Executive Summary
  • Economy Overview
  • Regulatory and Compliance
  • Key Market Trends
  • Summary Trends and KPIs
  • Key Trends by Line of Business
  • Whole Life Insurance
  • General Annuity
  • Endowment
  • Term Life
  • Other Life Insurance
  • Life PA&H
  • Distribution Channels
  • Competitive Landscape
  • Competitor Profiles
  • Reinsurance
  • Regulatory and Compliance
  • Appendix

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • The Great Eastern Life Assurance Co Ltd
  • Prudential Assurance Company Singapore Pte. Ltd
  • AIA Singapore Pvt Ltd
  • Manulife (Singapore) Pte. Ltd
  • NTUC Income Insurance Co-operative Ltd
  • Aviva Ltd
  • Etiqa Insurance Pte. Ltd
  • AXA Insurance Pte. Ltd
  • Singapore Life Pte. Ltd
  • Tokio Marine Life Insurance Singapore Ltd