Report cover image

Non-Life Insurance in Singapore

Publisher MarketLine
Published Dec 11, 2025
Length 39 Pages
SKU # MTLN20937254

Description

Non-Life Insurance in Singapore

Summary

Non-Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Singaporean non-life insurance market recorded gross written premiums of $4.5 billion in 2024, representing a compound annual growth rate (CAGR) of 6.9% between 2019 and 2024.
  • The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $0.9 billion, equivalent to 20.3% of the market's overall value.
  • In 2024, Singapore accounted for 0.9% of the Asia-Pacific non-life insurance market.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, 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
Reasons to Buy
  • What was the size of the Singapore non-life insurance market by value in 2024?
  • What will be the size of the Singapore non-life insurance market in 2029?
  • 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?
  • How large is Singapore’s non-life insurance market in relation to its regional counterparts?

Table of Contents

39 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the most recent developments in the market?
8 Company Profiles
8.1. Income Insurance Ltd
8.2. The Cigna Group
8.3. AIG Asia Pacific Insurance Pte. Ltd.
8.4. Chubb Insurance Singapore Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Singapore non-life insurance market value: $ billion, 2019-24
Table 2: Singapore non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Singapore non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Singapore non-life insurance market geography segmentation: $ billion, 2024
Table 5: Singapore non-life insurance market value forecast: $ billion, 2024-29
Table 6: Income Insurance Ltd: Key Facts
Table 7: Income Insurance Ltd: Key Employees
Table 8: The Cigna Group: Key Facts
Table 9: The Cigna Group: Annual Financial Ratios
Table 10: The Cigna Group: Key Employees
Table 11: AIG Asia Pacific Insurance Pte. Ltd.: Key Facts
Table 12: AIG Asia Pacific Insurance Pte. Ltd.: Key Employees
Table 13: Chubb Insurance Singapore Ltd: Key Facts
Table 14: Chubb Insurance Singapore Ltd: Key Employees
Table 15: Singapore Size of Population (Million), 2020-24
Table 16: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 18: Singapore Inflation, 2020-24
Table 19: Singapore Consumer Price Index (Absolute), 2020-24
Table 20: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore non-life insurance market value: $ billion, 2019-24
Figure 2: Singapore non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Singapore non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Singapore non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Singapore, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Singapore, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Singapore, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Singapore, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Singapore, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Singapore, 2024

Search Inside Report

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us