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Industry Dynamics and Competitive Landscape in Singapore Personal Accident and Health Insurance Market to 2018: Market Profile

Industry Dynamics and Competitive Landscape in Singapore Personal Accident and Health Insurance Market to 2018: Market Profile

Synopsis

"Industry Dynamics and Competitive Landscape in Singapore Personal Accident and Health Insurance Market to 2018: Market Profile" is the result of extensive research into the personal accident and health insurance segment in Singapore, covering its dynamics and competitive landscape. It provides insights on the market size and forecast of the segment and the personal accident, travel and health product categories. This report also provides an overview of the leading companies in the segment, along with details of the strategic initiatives undertaken.

Summary

The report provides market analysis, information and insights into the Singaporean personal accident and health insurance market, including:

  • A description of the personal accident and health insurance market in Singapore
  • The Singaporean personal accident and health insurance market’s growth prospects
  • The competitive landscape in the Singaporean personal accident and health insurance market
Scope

This report provides a comprehensive analysis of the Personal Accident and Health Insurance market in Singapore:
  • It provides historical values for Singapore’s insurance industry market size for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period
  • It details the competitive landscape in Singapore for the personal accident and health insurance business
  • It profiles the top personal accident and health insurance companies in Singapore, and outlines the key regulations affecting them
  • It provides a comprehensive analysis of the business environment for Singapore
Reasons To Buy
  • Make strategic business decisions using historic and forecast market data related to the Singaporean insurance industry and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Singaporean insurance industry
  • Assess the competitive dynamics in the Singaporean personal accident and health insurance market
  • Identify key operators in the Singaporean insurance industry, along with profiles on those companies


1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 SINGAPOREAN INSURANCE INDUSTRY ATTRACTIVENESS
2.1 Insurance Industry Size, 2009–2018
3 PERSONAL ACCIDENT AND HEALTH SEGMENT OUTLOOK
3.1 Consumer Segmentation
3.2 Key Drivers
3.3 Key Trends
3.4 Challenges
3.5 Personal Accident and Health Insurance Growth Prospects by Category
3.5.1 Personal accident insurance
3.5.2 Travel insurance
3.5.3 Health insurance
3.5.4 Non-life health insurance
3.5.5 Life health insurance
4 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
4.1 Overview
4.2 Leading Companies in the Singaporean Personal accident and health segment
4.3 Comparison of the Top Five Insurers
4.3.1 Gross written premium
4.3.2 Gross claims
4.3.3 Incurred loss
4.4 Leading Personal accident and health Insurers – New Product Launches
4.5 Leading Personal Accident and Health Insurers – Key Developments
4.6 AIA Singapore Private Ltd – Company Overview
4.6.1 AIA Singapore Private Ltd – key facts
4.6.2 AIA Singapore Private Ltd – key financials
4.7 NTUC Income Insurance Co-Operative Ltd – Company Overview
4.7.1 NTUC Income Insurance Co-Operative Ltd – key facts
4.7.2 NTUC Income Insurance Co-Operative Ltd – key financials
4.8 Great Eastern Life Assurance Co. Ltd, – Company Overview
4.8.1 Great Eastern Life Assurance Co. Ltd – key facts
4.8.2 Great Eastern Life Assurance Co. Ltd – key financials
4.9 Prudential Assurance Company Singapore (Pte) Ltd – Company Overview
4.9.1 Prudential Assurance Company Singapore (Pte) Ltd – key facts
4.9.2 Prudential Assurance Company Singapore (Pte) Ltd – key financials
4.1 Aviva Ltd – Company Overview
4.10.1 Aviva Ltd – key facts
4.10.2 Aviva Ltd – key financials
4.11 AIG Asia Pacific Insurance Pte Ltd – Company Overview
4.11.1 AIG Asia Pacific Insurance Pte Ltd – key facts
4.11.2 AIG Asia Pacific Insurance Pte Ltd – key financials
4.12 Tokio Marine Life Insurance Singapore Ltd – Company Overview
4.12.1 Tokio Marine Life Insurance Singapore Ltd – key facts
4.12.2 Tokio Marine Life Insurance Singapore Ltd – key financials
4.13 MSIG Insurance (Singapore) Pte Ltd – Company Overview
4.13.1 MSIG Insurance (Singapore) Pte Ltd – key facts
4.13.2 MSIG Insurance (Singapore) Pte Ltd – key financials
4.14 Axa Insurance Singapore Private Ltd – Company Overview
4.14.1 Axa Insurance Singapore Private Ltd – key facts
4.14.2 Axa Insurance Singapore Private Ltd – key financials
4.15 ACE Insurance Ltd – Company Overview
4.15.1 ACE Insurance Ltd – key facts
4.15.2 ACE Insurance Ltd – key financials
5 APPENDIX
5.1 About Timetric
5.2 Timetric’s Services
5.3 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2009–2013
Table 3: Singaporean Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 4: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2013–2018
Table 5: Singaporean Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 6: Singaporean Insurance – Segmentation, Gross Written Premium (Percentage Share), 2009–2018
Table 7: Singaporean Insurance – Direct Written Premium by Segment (SGD Billion), 2009–2013
Table 8: Singaporean Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 9: Singaporean Insurance – Direct Written Premium by Segment (SGD Billion), 2013–2018
Table 10: Singaporean Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 11: Singaporean Insurance – Segmentation, Direct Written Premium (Percentage Share), 2009–2018
Table 12: Singaporean Personal Accident and Health Insurance – Gross Written Premium by Category (SGD Billion), 2009–2013
Table 13: Singaporean Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 14: Singaporean Personal Accident and Health Insurance – Gross Written Premium by Category (SGD Billion), 2013–2018
Table 15: Singaporean Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 16: Singaporean Personal Accident and Health Insurance – Direct Written Premium by Category (SGD Billion), 2009–2013
Table 17: Singaporean Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 18: Singaporean Personal Accident and Health Insurance – Direct Written Premium by Category (SGD Billion), 2013–2018
Table 19: Singaporean Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 20: Singaporean Personal Accident and Health Insurance – Earned Premium (SGD Billion), 2009–2013
Table 21: Singaporean Personal Accident and Health Insurance – Earned Premium (SGD Billion), 2013–2018
Table 22: Singaporean Personal Accident and Health Insurance – Paid Claims by Category (SGD Million), 2009–2013
Table 23: Singaporean Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2009–2013
Table 24: Singaporean Personal Accident and Health Insurance – Paid Claims by Category (SGD Million), 2013–2018
Table 25: Singaporean Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2013–2018
Table 26: Singaporean Personal Accident and Health Insurance – Incurred Loss by Category (SGD Million), 2009–2013
Table 27: Singaporean Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2009–2013
Table 28: Singaporean Personal Accident and Health Insurance – Incurred Loss by Category (SGD Million), 2013–2018
Table 29: Singaporean Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2013–2018
Table 30: Singaporean Personal Accident and Health Insurance – Retentions by Category (SGD Million), 2009–2013
Table 31: Singaporean Personal Accident and Health Insurance – Retentions by Category (US$ Million), 2009–2013
Table 32: Singaporean Personal Accident and Health Insurance – Retentions by Category (SGD Million), 2013–2018
Table 33: Singaporean Personal Accident and Health Insurance – Retentions by Category (US$ Million), 2013–2018
Table 34: Singaporean Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 35: Singaporean Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 36: Singaporean Personal Accident and Health Insurance – Commission and Expenses (SGD Million), 2009–2013
Table 37: Singaporean Personal Accident and Health Insurance – Commission and Expenses (SGD Million), 2013–2018
Table 38: Singaporean Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 39: Singaporean Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 40: Singaporean Personal Accident and Health Insurance – Frauds and Crimes (SGD Million), 2009–2013
Table 41: Singaporean Personal Accident and Health Insurance – Frauds and Crimes (SGD Million), 2013–2018
Table 42: Singaporean Personal Accident and Health Insurance – Total Assets (SGD Billion), 2009–2013
Table 43: Singaporean Personal Accident and Health Insurance – Total Assets (SGD Billion), 2013–2018
Table 44: Singaporean Personal Accident and Health Insurance – Total Investment Income (SGD Billion), 2009–2013
Table 45: Singaporean Personal Accident and Health Insurance – Total Investment Income (SGD Million), 2013–2018
Table 46: Singaporean Personal Accident and Health Insurance – Retentions (SGD Billion), 2009–2013
Table 47: Singaporean Personal Accident and Health Insurance – Retentions (SGD Billion), 2013–2018
Table 48: Singaporean Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 49: Singaporean Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 50: Singaporean Personal Accident Insurance – Gross Written Premium (SGD Million), 2009–2013
Table 51: Singaporean Personal Accident Insurance – Gross Written Premium (SGD Million), 2013–2018
Table 52: Singaporean Personal Accident Insurance – Loss Ratio (%), 2009–2013
Table 53: Singaporean Personal Accident Insurance – Loss Ratio (%), 2013–2018
Table 54: Singaporean Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 55: Singaporean Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 56: Singaporean Travel Insurance – Gross Written Premium (SGD Million), 2009–2013
Table 57: Singaporean Travel Insurance – Gross Written Premium (SGD Million), 2013–2018
Table 58: Singaporean Travel Insurance – Loss Ratio (%), 2009–2013
Table 59: Singaporean Travel Insurance – Loss Ratio (%), 2013–2018
Table 60: Singaporean Health Insurance – Gross Written Premium by Sub-Category (SGD Million), 2009–2013
Table 61: Singaporean Health Insurance – Gross Written Premium by Sub-Category (US$ Million), 2009–2013
Table 62: Singaporean Health Insurance – Gross Written Premium by Sub-Category (SGD Million), 2013–2018
Table 63: Singaporean Health Insurance – Gross Written Premium by Sub-Category (US$ Million), 2013–2018
Table 64: Singaporean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 65: Singaporean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 66: Singaporean Non-Life Health Insurance – Gross Written Premium (SGD Million), 2009–2013
Table 67: Singaporean Non-Life Health Insurance – Gross Written Premium (SGD Million), 2013–2018
Table 68: Singaporean Non-Life Health Insurance – Direct Written Premium (SGD Million), 2009–2013
Table 69: Singaporean Non-Life Health Insurance – Direct Written Premium (SGD Million), 2013–2018
Table 70: Singaporean Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Table 71: Singaporean Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Table 72: Singaporean Non-Life Health Insurance – Retentions (SGD Million), 2009–2013
Table 73: Singaporean Non-Life Health Insurance – Retentions (SGD Million), 2013–2018
Table 74: Singaporean Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 75: Singaporean Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 76: Singaporean Life Health Insurance – Gross Written Premium (SGD Billion), 2009–2013
Table 77: Singaporean Life Health Insurance – Gross Written Premium (SGD Billion), 2013–2018
Table 78: Singaporean Life Health Insurance – Direct Written Premium (SGD Billion), 2009–2013
Table 79: Singaporean Life Health Insurance – Direct Written Premium (SGD Billion), 2013–2018
Table 80: Singaporean Life Health Insurance – Loss Ratio (%), 2009–2013
Table 81: Singaporean Life Health Insurance – Loss Ratio (%), 2013–2018
Table 82: Singaporean Life Health Insurance – Retentions (SGD Billion), 2009–2013
Table 83: Singaporean Life Health Insurance – Retentions (SGD Billion), 2013–2018
Table 84: Number of Insurance Providers in Singapore, 2009–2013
Table 85: Shares of Key Insurers in the Singaporean Personal Accident and Health Segment (%), 2013
Table 86: AIA Singapore Private Ltd, Key Facts
Table 87: AIA Singapore Private Ltd, Key Financials (SGD Million), 2012 and 2013
Table 88: NTUC Income Insurance Co-Operative Ltd, Key Facts
Table 89: NTUC Income Insurance Co-Operative Ltd, Key Financials (SGD Million), 2009–2013
Table 90: Great Eastern Life Assurance Co. Ltd, Key Facts
Table 91: Great Eastern Life Assurance Co. Ltd, Key Financials (SGD Million), 2009–2013
Table 92: Prudential Assurance Company Singapore (Pte) Ltd, Key Facts
Table 93: Prudential Assurance Company Singapore (Pte) Ltd, Key Financials (SGD Million), 2011– 2013
Table 94: Aviva Ltd, Key Facts
Table 95: Aviva Ltd, Key Financials (SGD Million), 2010–2013
Table 96: AIG Asia Pacific Insurance Pte. Ltd, Key Facts
Table 97: AIG Asia Pacific Insurance Pte Ltd, Key Financials (SGD Million), 2011–2013
Table 98: Tokio Marine Life Insurance Singapore Ltd, Key Facts
Table 99: Tokio Marine Life Insurance Singapore Ltd, Key Financials (SGD Million), 2009–2013
Table 100: MSIG Insurance (Singapore) Pte Ltd, Key Facts
Table 101: MSIG Insurance (Singapore) Pte Ltd, Key Financials (SGD Million), 2009–2013
Table 102: Axa Insurance Singapore Private Ltd, Key Facts
Table 103: Axa Insurance Singapore Private Ltd, Key Financials (SGD Million), 2009–2013
Table 104: ACE Insurance Ltd, Key Facts
Table 105: ACE Insurance Ltd, Key Financials (SGD Million), 2009–2013
List of Figures
Figure 1: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2009–2018
Figure 2: Singaporean Insurance – Dynamics by Segment, Gross Written Premium (2009–2018)
Figure 3: Singaporean Insurance – Direct Written Premium by Segment (SGD Billion), 2009–2018
Figure 4: Singaporean Insurance – Dynamics by Segment, Direct Written premium (2009–2018)
Figure 5: Singaporean Gross Written Premium and Health Expenditure Statistics, 2009−2013
Figure 6: Singaporean Population Distribution by Gender and Age Group, 2013
Figure 7: Singaporean Personal Accident and Health Insurance – Gross Written Premium by Category (SGD Billion), 2009–2018
Figure 8: Singaporean Personal Accident and Health Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 9: Singaporean Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 10: Singaporean Personal Accident and Health Insurance – Direct Written Premium by Category (SGD Billion), 2009–2018
Figure 11: Singaporean Personal Accident and Health Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 12: Singaporean Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2009–2018
Figure 13: Singaporean Personal Accident and Health Insurance – Earned Premium (SGD Billion), 2009–2013
Figure 14: Singaporean Personal Accident and Health Insurance – Earned Premium (SGD Billion), 2013–2018
Figure 15: Singaporean Personal Accident and Health Insurance – Paid Claims by Category (SGD Million), 2009–2018
Figure 16: Singaporean Personal Accident and Health Insurance – Incurred Loss by Category (SGD Million), 2009–2018
Figure 17: Singaporean Personal Accident and Health Insurance – Retentions by Category (SGD Million), 2009–2018
Figure 18: Singaporean Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 19: Singaporean Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 20: Singaporean Personal Accident and Health Insurance – Commission and Expenses (SGD Million), 2009–2013
Figure 21: Singaporean Personal Accident and Health Insurance – Commission and Expenses (SGD Million), 2013–2018
Figure 22: Singaporean Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 23: Singaporean Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 24: Singaporean Personal Accident and Health Insurance – Frauds and Crimes (SGD Million), 2009–2013
Figure 25: Singaporean Personal Accident and Health Insurance – Frauds and Crimes (SGD Million), 2013–2018
Figure 26: Singaporean Personal Accident and Health Insurance – Total Assets (SGD Billion), 2009–2013
Figure 27: Singaporean Personal Accident and Health Insurance – Total Assets (SGD Billion), 2013–2018
Figure 28: Singaporean Personal Accident and Health Insurance – Total Investment Income (SGD Billion), 2009–2013
Figure 29: Singaporean Personal Accident and Health Insurance – Total Investment Income (SGD Million), 2013–2018
Figure 30: Singaporean Personal Accident and Health Insurance – Retentions (SGD Billion), 2009–2013
Figure 31: Singaporean Personal Accident and Health Insurance – Retentions (SGD Billion), 2013–2018
Figure 32: Singaporean Personal Accident and Health Insurance – Investment Portfolio (SGD Billion), 2009–2013
Figure 33: Singaporean Personal Accident and Health Insurance – Investment Portfolio (Percentage Share), 2009 and 2013
Figure 34: Singaporean Personal Accident and Health Insurance Penetration (%), 2009–2013
Figure 35: Singaporean Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 36: Singaporean Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 37: Singaporean Personal Accident and Health Insurance – Premium Per Capita (SGD), 2009–2013
Figure 38: Singaporean Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 39: Singaporean Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 40: Singaporean Personal Accident Insurance – Gross Written Premium (SGD Million), 2009–2013
Figure 41: Singaporean Personal Accident Insurance – Gross Written Premium (SGD Million), 2013–2018
Figure 42: Singaporean Personal Accident Insurance – Loss Ratio (%), 2009–2013
Figure 43: Singaporean Personal Accident Insurance – Loss Ratio (%), 2013–2018
Figure 44: Singaporean Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 45: Singaporean Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 46: Singaporean Travel Insurance – Gross Written Premium (SGD Million), 2009–2013
Figure 47: Singaporean Travel Insurance – Gross Written Premium (SGD Million), 2013–2018
Figure 48: Singaporean Travel Insurance – Loss Ratio (%), 2009–2013
Figure 49: Singaporean Travel Insurance – Loss Ratio (%), 2013–2018
Figure 50: Singaporean Health Insurance – Gross Written Premium by Sub-Category (SGD Million), 2009–2018
Figure 51: Singaporean Health Insurance – Gross Written Premium Dynamics by Sub-Category, 2009–2018
Figure 52: Singaporean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 53: Singaporean Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 54: Singaporean Non-Life Health Insurance – Gross Written Premium (SGD Million), 2009–2013
Figure 55: Singaporean Non-Life Health Insurance – Gross Written Premium (SGD Million), 2013–2018
Figure 56: Singaporean Non-Life Health Insurance – Direct Written Premium (SGD Million), 2009–2013
Figure 57: Singaporean Non-Life Health Insurance – Direct Written Premium (SGD Million), 2013–2018
Figure 58: Singaporean Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 59: Singaporean Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 60: Singaporean Non-Life Health Insurance – Retentions (SGD Million), 2009–2013
Figure 61: Singaporean Non-Life Health Insurance – Retentions (SGD Million), 2013–2018
Figure 62: Singaporean Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 63: Singaporean Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 64: Singaporean Life Health Insurance – Gross Written Premium (SGD Billion), 2009–2013
Figure 65: Singaporean Life Health Insurance – Gross Written Premium (SGD Billion), 2013–2018
Figure 66: Singaporean Life Health Insurance – Direct Written Premium (SGD Billion), 2009–2013
Figure 67: Singaporean Life Health Insurance – Direct Written Premium (SGD Billion), 2013–2018
Figure 68: Singaporean Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 69: Singaporean Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 70: Singaporean Life Health Insurance – Retentions (SGD Billion), 2009–2013
Figure 71: Singaporean Life Health Insurance – Retentions (SGD Billion), 2013–2018
Figure 72: Shares of Key Insurers in the Singaporean Personal Accident and Health Segment (%), 2013
Figure 73: Gross Written Premium – Top Five Singaporean Personal Accident and Health Insurers, (SGD Million), 2013
Figure 74: Gross Claims – Top Five Singaporean Personal Accident and Health Insurers, (SGD Million), 2013
Figure 75: Incurred Loss – Top Five Singaporean Personal Accident and Health Insurers, (SGD Million), 2013

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