Singapore Insurance Industry Governance, Risk and Compliance Report: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Ken Research’s Governance, Risk and Compliance-The Singapore Insurance Industry provides an overview of the insurance regulatory framework in Singapore. It gives the latest key changes and changes expected in the country’s insurance regulatory framework. The report provides key regulations and market practices related to different types of the insurance product in the country and rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Singapore. The key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations and details of the tax and legal systems in the country are detailed in the report. Singapore insurance industry started off the year on a positive note. Especially in the life insurances, the new premiums improved drastically form the last year in just the first quarter. Linked policies recorded for the highest growth in the same period among other policy types like participating, non- participating and linked. This shift of customer’s preferences from participating to both non – participating and investment-linked policies are due to insurer’s new product launches and improving economic condition. However, it was discovered that the Singaporeans lacked most of the critical illness protection needs. Many initiatives are currently being taken to look into public education and public engagement programs to protect the risk of life. Future challenges remain despite the robust performance from the insurance markets due to the break out of the trade war. More importance will be given on insurance protection along with qualitative protection study to understand the grievances of the customers and improve insurer’s services. Studies also show how expenditure on health care will increase due to increasing disposable incomes. The government also recently announced on increasing expenditure on public healthcare. An example of this is MediShield which will cover large hospitalization fees for its people. The quality of services is expected to be increased on account of the use of AI and blockchain to improve productivity and customer service. This is also helped in error and time reduction in settling claims and dealing with duplication of claims. Among other technological breakthroughs, data analytics has been driving the industry in allowing insurers to deliver personalized and innovative services and products. With the rise in technology, so much can be done to provide assurance to natural catastrophes. Many new insurance services have also arisen as a result of increasing natural calamities to bridge the gap in disaster management insurances. To Know More, Click On The Link Below:- https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/insurance-industry/156675-93.html Related Reports: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/indonesian-insurance-industry/156670-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/tobagonian-insurance-industry/156676-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Insurance Trends in Singapore, Singapore Insurance Industry, Singapore Insurance Industry Competitive Analysis, Singapore Insurance Industry Forecast, Singapore Insurance Industry Future Outlook, Singapore Insurance Industry Growth Analysis, Singapore Insurance Industry Opportunities, Singapore Insurance Industry Research Report, Singapore Insurance Industry Revenue, Singapore Insurance Industry Shares, Singapore Insurance Industry Size, Singapore Insurance Industry Statistics, Singapore Insurance Market Analysis, Singapore Insurance Market Overview