Single User License
INR 132464
Site License
INR 264927
Corporate User License
INR 397391

Service Tax Additional

select a format
Price

Single User License
USD 1950
Site License
USD 3900
Corporate User License
USD 5850

Alternatively

Request a quote
Request a Customized research
Request for Sample Report





Recent Viewed Reports


Why Ken Reasearch?


Testimonials

While we still are studying and analysing your reports about Vietnam & Thailand, we would like to convey to your research team that they have done a very good job in compiling so much of information together. We hope to see more of such well researched reports. All the best & keep it up. ... "Prashant Bhagwat,General Manager, Mahindra"

We would like to appreciate Ken Research for their great efforts and wonderful support in providing the Market Intelligence Report for ITPC. The information, statistics and research are well understandable and very clear to the point. We are happy with Ken research for their good client service, on-time delivery of the report and as said the report itself. Thank you Ken research for bringing the valuable output for us. We would be looking forward to have more research with you in the near future. Wish you a success in your business!... "Jestin Mathew, Indonesian Trade Promotion Center"

The Report was very interesting and useful for me... "Marketing Manager, Western Union Business Solutions"

Ken Research completed the report successfully with tough deadline and large requirement. Really appreciate it... "Sales Manager, Largest India Aesthetic Laser Manufacturer"

We found the report really useful in understanding the complex Indian market and it provided lots of high quality insights. On the basis of this we commissioned Ken to produce a bespoke follow up to answer some specific questions about our market. This is now being used to help develop our marketing and sales strategy. We were very pleased with the comprehensive coverage, detail provided and actionable insights.... "Owner, Therefore Consulting UK"


Non-Life Insurance in Singapore, Key Trends and Opportunities to 2019

Non-Life Insurance in Singapore, Key Trends and Opportunities to 2019


  Request for Sample Report

Executive Summary

Timetric's 'Non-Life Insurance in Singapore, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Singaporean non-life insurance segment, and a comparison of the Singaporean insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Singaporean economy and demographics, explains the various types of natural hazard and their impact on the Singaporean insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric'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.

Summary

Timetric's 'Non-Life Insurance in Singapore, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Singaporean non-life insurance segment, including:

The Singaporean non-life insurance segment's detailed outlook by product category

A comprehensive overview of the Singaporean economy and demographics

A comparison of the Singaporean insurance industry with its regional counterparts

Detailed analysis of natural hazards and their impact on the Singaporean insurance industry

Details of the competitive landscape in the non-life insurance segment in Singapore

Details of regulatory policy applicable to the Singaporean insurance industry

Scope

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

It provides historical values for the Singaporean non-life insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

It offers a detailed analysis of the key categories in the Singaporean non-life insurance segment, and market forecasts to 2019.

It analyzes the various distribution channels for non-life insurance products in Singapore.

It profiles the top non-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 non-life insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean non-life insurance segment.

Assess the competitive dynamics in the non-life insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Singaporean insurance industry, and their impact on companies and the industry's future.

Key Highlights

According to the Economic Complexity Index released in 2013, Singapore ranked as the world's 21st-largest export economy and the 10th-most-complex economy.

Property insurance was the largest category in terms of gross written premium, and accounted for 48.8% of the non-life gross written premium in 2014.

Singapore has a mixed economy and numerous commercial partnerships which give countries such as China, India, Japan, Hong Kong, Australia, New Zealand and Hong Kong access to its financial services industries. Consequently, the insurance industry, the non-life segment and the property category in particular generate significant business from overseas markets.

Brokers were the most popular distribution channel for non-life insurers in Singapore during the review period, accounting for 66.8% of the total non-life direct written premium in 2014

In terms of gross written premium, motor insurance was the third-largest category in the non-life segment, accounting for 19.0% of the non-life gross written premium in 2014.

The non-life segment is moderately concentrated, with the 10 leading companies collectively accounting for 57.4% of the segment's total gross written premium in 2014.

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Segment Outlook

4.1 Regional Comparison

4.2 Segment Indicators

4.2.1 Gross written premium and penetration

4.2.2 Claims

4.2.3 Profitability

4.2.4 Assets and investments

5 Outlook by Category

5.1 Property Insurance

5.1.1 Product overview

5.1.2 Premium

5.1.3 Claims

5.1.4 Profitability

5.2 Motor Insurance

5.2.1 Product overview

5.2.2 Premium

5.2.3 Claims

5.2.4 Profitability

5.3 Liability Insurance

5.3.1 Product overview

5.3.2 Premium

5.3.3 Claims

5.3.4 Profitability

5.4 Marine, Aviation and Transit Insurance

5.4.1 Product overview

5.4.2 Premium

5.4.3 Claims

5.4.4 Profitability

6 Distribution Channel Outlook

6.1 Analysis by Distribution Channel

6.1.1 Agencies

6.1.2 Insurance brokers

6.1.3 E-commerce

6.1.4 Bancassurance

6.1.5 Other channels

7 Natural Hazards

7.1 Flooding

7.2 Haze

7.3 Earthquake

7.4 Exposure

8 Competitive Landscape

8.1 Company Rankings

8.2 Comparison of the Top Five Insurers

8.2.1 Gross written premium

8.3 Company Profiles

8.3.1 First Capital Insurance Ltd

8.3.2 AIG Asia Pacific Insurance Pte Ltd

8.3.3 Axa Insurance Singapore Pte Ltd

8.3.4 NTUC Income Insurance Co-Operative Ltd

8.3.5 MSIG Insurance (Singapore) Pte Ltd

9 Governance, Risk and Compliance

9.1 Legislation Overview and Historical Evolution

9.2 Latest Changes in Regulations

9.3 Legislation and Market Practice by Type of Insurance

9.3.1 Life insurance

9.3.2 Property insurance

9.3.3 Motor insurance

9.3.4 Liability insurance

9.3.5 Marine, aviation and transit insurance

9.3.6 Personal accident and health insurance

9.4 Compulsory Insurance

9.4.1 Motor vehicle third-party liability insurance

9.4.2 Workmen's compensation insurance

9.4.3 Government health insurance

9.5 Supervision and Control

9.5.1 International Association of Insurance Supervisors (IAIS)

9.5.2 Monetary Authority of Singapore

9.5.3 General Insurance Association of Singapore

9.5.4 Life Insurance Association of Singapore (LIA)

9.6 Non-Admitted Insurance Regulations

9.6.1 Overview

9.6.2 Intermediaries

9.6.3 Market practices

9.6.4 Fines and penalties

9.7 Company Registration and Operations

9.7.1 Types of insurance organization

9.7.2 Establishing a local company

9.7.3 Foreign ownership

9.7.4 Types of license

9.7.5 Capital requirements

9.7.6 Solvency margins

9.7.7 Reserve requirements

9.7.8 Investment regulations

9.7.9 Statutory return requirements

9.7.10 Fee structure

9.8 Taxation

9.8.1 Insurance premium or policy taxation

9.8.2 Withholding taxes on premium paid overseas

9.8.3 Corporate tax

9.8.4 VAT

9.8.5 Captives

9.9 Legal System

9.9.1 Introduction

9.9.2 Access to court

9.9.3 Alternative dispute resolution (ADR)

10 Databook

10.1 Policies and Premium

11 Definitions and Methodology

11.1 Definitions

11.2 Methodology

12 About Timetric

12.1 Contact Timetric

12.2 About Timetric

12.3 Timetric's Services

12.4 Disclaimer

Figure 1: Singaporean Real GDP (US$ Billion), 2010-2019

Figure 2: SGD - US$ Exchange Rate, 2010-2019

Figure 3: Singaporean Consumer Price Inflation, 2010-2019

Figure 4: Singaporean Current Account Balance as Percentage of GDP (%), 2010-2019

Figure 5: Singaporean Unemployment Rate, 2010-2019

Figure 6: Singaporean Population by Age Group, 1990-2025

Figure 7: Singaporean Non-Life Insurance Penetration - Regional Comparison (%), 2014

Figure 8: Singaporean Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2014

Figure 9: Singaporean Non-Life Insurance - Gross Written Premium (SGD Billion), 2010-2019

Figure 10: Singaporean Non-Life Insurance - Penetration (%), 2010-2019

Figure 11: Singaporean Non-Life Insurance - Premium per Capita (SGD), 2010-2019

Figure 12: Singaporean Non-Life Insurance - Paid Claims (SGD Billion), 2010-2019

Figure 13: Singaporean Non-Life Insurance - Profitability Ratio (%), 2010-2019

Figure 14: Singaporean Non-Life Insurance - Total Assets (SGD Billion), 2010-2019

Figure 15: Singaporean Non-Life Insurance - Total Investment Income (SGD Million), 2010-2019

Figure 16: Singaporean Non-Life Insurance - Investment Portfolio (SGD Billion), 2010-2019

Figure 17: Singaporean Non-Life Insurance - Investment Portfolio Dynamics by Category, 2010-2019

Figure 18: Singaporean Non-Life Insurance - Gross Written Premium by Category (SGD Billion and US$ Billion), 2010-2019

Figure 19: Singaporean Non-Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019

Figure 20: Singaporean Property Insurance - Construction Value Output by Category (SGD Billion), 2010-2014

Figure 21: Singaporean Property Insurance - Gross Written Premium by Sub-Category (SGD Billion), 2010-2019

Figure 22: Singaporean Property Insurance - Gross Written Premium Dynamics by Sub-Category, 2010-2019

Figure 23: Singaporean Property Insurance - Paid Claims (SGD Million), 2010-2019

Figure 24: Singaporean Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (SGD Billion and %), 2010-2019

Figure 25: Singapore - Total Vehicle Sales, 2010-2014

Figure 26: Singapore - Motor Vehicle Population By Type (% Share), 2014

Figure 27: Singaporean Motor Insurance - Gross Written Premium by Sub-Category (SGD Billion), 2010-2019

Figure 28: Singaporean Motor Insurance - Paid Claims (SGD Million), 2010-2019

Figure 29: Singaporean Motor Insurance- Earned Premium, Incurred Loss and Loss Ratio (SGD Billion and %), 2010-2019

Figure 30: Singaporean Liability Insurance - Gross Written Premium (SGD Million), 2010-2019

Figure 31: Singaporean Liability Insurance - Paid Claims (SGD Million), 2010-2019

Figure 32: Singaporean Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (SGD Billion and %), 2010-2019

Figure 33: Singaporean Goods Exports and Imports (SGD Billion), 2010-2014

Figure 34: Singaporean Marine, Aviation and Transit Insurance - Gross Written Premium (SGD Billion), 2010-2019

Figure 35: Singaporean Marine, Aviation and Transit Insurance - Paid Claims (SGD Million), 2010-2019

Figure 36: Singaporean Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (SGD Billion and %), 2010-2019

Figure 37: Singaporean Non-Life Insurance - Direct Written Premium by Distribution Channel (%), 2010, 2014 and 2019

Figure 38: Shares of Key Insurers in the Singaporean Non-Life Segment (%), 2014

Figure 39: Singaporean Non-Life Insurance - Top Insurers' Gross Written Premium Growth Relative to Segment Overall (%), 2010-2014

Figure 40: Singapore - Insurance Supervision and Control at Various Levels

Figure 41: Singapore - Insurance Regulatory Frameworks For Company Registration and Operation

Table 1: Singaporean Non-Life Insurance - Key Facts, 2014

Table 2: Singaporean Non-Life Insurance - Segment Shares of the Top Insurers, 2014

Table 3: Singaporean Government Credit Ratings

Table 4: Singaporean Non-Life Insurance - Gross Written Premium (SGD Billion and US$ Billion), 2010-2014

Table 5: Singaporean Non-Life Insurance - Penetration (%), 2010-2014

Table 6: Singaporean Non-Life Insurance - Gross Written Premium (SGD Billion and US$ Billion), 2014-2019

Table 7: Singaporean Non-Life Insurance - Penetration (%), 2014-2019

Table 8: Singaporean Non-Life Insurance - Premium per Capita (SGD and US$), 2010-2014

Table 9: Singaporean Non-Life Insurance - Premium per Capita (SGD and US$), 2014-2019

Table 10: Singaporean Non-Life Insurance - Paid Claims (SGD Billion and US$ Billion), 2010-2014

Table 11: Singaporean Non-Life Insurance - Paid Claims (SGD Billion and US$ Billion), 2014-2019

Table 12: Singaporean Non-Life Insurance - Profitability Ratio (%), 2010-2014

Table 13: Singaporean Non-Life Insurance - Profitability Ratio (%), 2014-2019

Table 14: Singaporean Non-Life Insurance - Total Assets (SGD Billion and US$ Billion), 2010-2014

Table 15: Singaporean Non-Life Insurance - Total Assets (SGD Billion and US$ Billion), 2014-2019

Table 16: Singaporean Non-Life Insurance - Total Investment Income (SGD Billion and US$ Million), 2010-2014

Table 17: Singaporean Non-Life Insurance - Total Investment Income (SGD Billion and US$ Million), 2014-2019

Table 18: Singaporean Non-Life Insurance - Investment Portfolio (SGD Billion), 2010-2014

Table 19: Singaporean Non-Life Insurance - Investment Portfolio (SGD Billion), 2014-2019

Table 20: Singaporean Non-Life Insurance - Gross Written Premium by Category (SGD Billion), 2010-2014

Table 21: Singaporean Non-Life Insurance - Gross Written Premium by Category (SGD Billion), 2014-2019

Table 22: Singaporean Property Insurance - Gross Written Premium by Sub-Category (SGD Billion), 2010-2014

Table 23: Singaporean Property Insurance - Gross Written Premium by Sub-Category (SGD Billion), 2014-2019

Table 24: Singaporean Property Insurance - Paid Claims (SGD Million and US$ Million), 2010-2014

Table 25: Singaporean Property Insurance - Paid Claims (SGD Million and US$ Million), 2014-2019

Table 26: Singaporean Property Insurance - Loss Ratio (%), 2010-2014

Table 27: Singaporean Property Insurance - Loss Ratio (%), 2014-2019

Table 28: Singaporean Motor Insurance - Gross Written Premium by Sub-Category (SGD Billion), 2010-2014

Table 29: Singaporean Motor Insurance - Gross Written Premium by Sub-Category (SGD Billion), 2014-2019

Table 30: Singaporean Motor Insurance - Paid Claims (SGD Million and US$ Million), 2010-2014

Table 31: Singaporean Motor Insurance - Paid Claims (SGD Million and US$ Million), 2014-2019

Table 32: Singaporean Motor Insurance - Loss Ratio (%), 2010-2014

Table 33: Singaporean Motor Insurance - Loss Ratio (%), 2014-2019

Table 34: Singaporean Liability Insurance - Gross Written Premium (SGD Million), 2010-2014

Table 35: Singaporean Liability Insurance - Gross Written Premium (SGD Million), 2014-2019

Table 36: Singaporean Liability Insurance - Paid Claims (SGD Million and US$ Million), 2010-2014

Table 37: Singaporean Liability Insurance - Paid Claims (SGD Million and US$ Million), 2014-2019

Table 38: Singaporean Liability Insurance - Loss Ratio (%), 2010-2014

Table 39: Singaporean Liability Insurance - Loss Ratio (%), 2014-2019

Table 40: Singaporean Marine, Aviation and Transit Insurance - Gross Written Premium (SGD Billion), 2010-2014

Table 41: Singaporean Marine, Aviation and Transit Insurance - Gross Written Premium (SGD Billion), 2014-2019

Table 42: Singaporean Marine, Aviation and Transit Insurance - Paid Claims (SGD Million and US$ Million), 2010-2014

Table 43: Singaporean Marine, Aviation and Transit Insurance - Paid Claims (SGD Million and US$ Million), 2014-2019

Table 44: Singaporean Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014

Table 45: Singaporean Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019

Table 46: Singaporean Non-Life Insurance - Direct Written Premium by Distribution Channel (SGD Million), 2010-2014

Table 47: Singaporean Non-Life Insurance - Direct Written Premium by Distribution Channel (SGD Million), 2014-2019

Table 48: Singaporean Non-Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2010-2019

Table 49: Number of Insurance Providers in Singapore, 2010-2014

Table 50: Shares of Key Insurers in the Singaporean Non-Life Segment (%), 2014

Table 51: First Capital Insurance Ltd - Key Facts

Table 52: First Capital Insurance Ltd - Key Financials (SGD Million), 2010-2014

Table 53: AIG Asia Pacific Insurance Pte Ltd - Key Facts

Table 54: AIG Asia Pacific Insurance Pte. Ltd - Key Financials (SGD Million), 2011-2014

Table 55: Axa Insurance Singapore Pte Ltd - Key Facts

Table 56: Axa Insurance Singapore Pte, Ltd - Key Financials (SGD Million), 2009-2013

Table 57: NTUC Income Insurance Co-Operative Ltd - Key Facts

Table 58: NTUC Income Insurance Co-Operative Ltd - Key Financials (SGD Million), 2010-2014

Table 59: MSIG Insurance (Singapore) Pte Ltd - Key Facts

Table 60: MSIG Insurance (Singapore) Pte Ltd - Key Financials (SGD Million), 2009-2013

Table 61: Singapore - Insurance Regulatory Framework Key Features

Table 62: Singapore - Life Insurance Regulatory Framework

Table 63: Singapore - Property Insurance Regulatory Framework

Table 64: Singapore - Motor Insurance Regulatory Framework

Table 65: Singapore - No-Claims Discounts on Motor Insurance Policies

Table 66: Singapore - Liability Insurance Regulatory Framework

Table 67: Singapore - Minimum Capital Requirements

Table 68: Singapore - Corporate Tax Rates for the Financial Year 2015

Table 69: Singaporean Insurance Industry - Policies and Premium, 2010-2014

Table 70: Singaporean Insurance Industry - Policies and Premium, 2014-2019

Table 71: Singaporean Non-Life Insurance - Policies and Premium, 2010-2014

Table 72: Singaporean Non-Life Insurance - Policies and Premium, 2014-2019

Table 73: Singaporean Non-Life Insurance - Property Insurance Policies and Premium, 2010-2014

Table 74: Singaporean Non-Life Insurance - Property Insurance Policies and Premium, 2014-2019

Table 75: Singaporean Non-Life Insurance - Motor Insurance Policies and Premium, 2010-2014

Table 76: Singaporean Non-Life Insurance - Motor Insurance Policies and Premium, 2014-2019

Table 77: Singaporean Non-Life Insurance - Liability Insurance Policies and Premium, 2010-2014

Table 78: Singaporean Non-Life Insurance - Liability Insurance Policies and Premium, 2014-2019

Table 79: Singaporean Non-Life Insurance - Marine, Aviation and Transit Insurance Policies and Premium, 2010-2014

Table 80: Singaporean Non-Life Insurance - Marine, Aviation and Transit Insurance Policies and Premium, 2014-2019

Table 81: Singaporean Non-Life Insurance - Gross Written Premium by Sub-Category (SGD), 2010-2014

Table 82: Singaporean Non-Life Insurance - Gross Written Premium by Sub-Category (SGD), 2014-2019

Table 83: Singaporean Non-Life Insurance - Direct Written Premium by Sub-Category (SGD), 2010-2014

Table 84: Singaporean Non-Life Insurance - Direct Written Premium by Sub-Category (SGD), 2014-2019

Table 85: Singaporean Non-Life Insurance - Penetration by Sub-Category (%), 2010-2014

Table 86: Singaporean Non-Life Insurance - Penetration by Sub-Category (%), 2014-2019

Table 87: Insurance Industry Definitions

Single User License:
The report will be emailed to you. The report is sent in PDF format, allowing one specific user access to the product.

Site Licence:
The report will be emailed to you. The report is sent in PDF format, allowing all users within a given geographical location of your organisation access to the product.

Corporate User License:
The report will be emailed to you. The report is sent in PDF format, allowing all employees within your organisation access to the product.

To know more information on Purchase by Section, please send a mail to query [@] kenresearch.com
 

First Capital

AIG Asia

Axa Singapore

NTUC Income

MSIG

Allianz Global Corporate & Specialty SE

RSA Insurance

QBE

India International Insurance

Tenet Sompo

Non-life insurance

Economy and demographics

Motor insurance

Property insurance

Liability insurance

Marine insurance

Aviation insurance

Transit insurance

Distribution channels

Direct Marketing

Agencies

E-commerce

Bancassurance

Brokers

Leading companies

Legislation

Compulsory insurance

Supervision and control

Non-admitted insurance

Types of insurance organization


Ken Research Pvt. Ltd. 27A, Tower B-2, Spaze I Tech Business Park, Sohna Road, sector 49
     Gurgaon, Haryana - 122001, India
+91 1244230204

download

Company Brochure

Engage with Us

query [@] kenresearch.com