Non-Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Singapore non-life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others.
The Singaporean non-life insurance market is expected to generate total gross written premiums of $11.9bn in 2015, representing a compound annual growth rate (CAGR) of 6.7% between 2011 and 2015.
The property segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $1.5bn, equivalent to 12.7% of the market's overall value.
While this market is generally performing well, slow-downs in growth can be attributed to a variety of factors. For example, an announcement in February 2013 by the Monetary Authority of Singapore of new financing restrictions on the purchase of vehicles had a knock-on effect on motor insurance premiums.
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Singapore
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Singapore
Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Singapore non-life insurance market with five year forecasts
Macroeconomic indicators provide insight into general trends within the Singapore economy
Key Questions Answered
What was the size of the Singapore non-life insurance market by value in 2015?
What will be the size of the Singapore non-life insurance market in 2020?
What factors are affecting the strength of competition in the Singapore non-life insurance market?
How has the market performed over the last five years?
Who are the top competitiors in Singapore's non-life insurance market?