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  4. > Non-Life Insurance in Singapore

Non-Life Insurance in Singapore

  • December 2016
  • -
  • MarketLine
  • -
  • 35 pages

Summary
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.

Key Findings
- 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

Synopsis
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.

Reasons To Buy
- 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 competitors in Singapore's non-life insurance market?

Key Findings
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 value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer's premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2015 annual average exchange rates.

The Singaporean non-life insurance market had total gross written premiums of $11.9bn in 2015, representing a compound annual growth rate (CAGR) of 8.9% between 2011 and 2015.

The property segment was the market's most lucrative in 2015, with total gross written premiums of $1.4bn, equivalent to 11.4% of the market's overall value.

Singapore operates a risk-based assessment, this coupled with rising asset values will lead to a higher demand for insurance including risk transfer solutions.

Table Of Contents

Non-Life Insurance in Singapore
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AIG Asia Pacific Insurance Pte. Ltd.
AXA
MSIG Holdings (Asia) Pte. Ltd.
NTUC Income Insurance Co-operative Limited
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine


List of Tables
Table 1: Singapore non-life insurance market value: $ billion, 2011-15
Table 2: Singapore non-life insurance market category segmentation: $ billion, 2015
Table 3: Singapore non-life insurance market geography segmentation: $ billion, 2015
Table 4: Singapore non-life insurance market share: % share, by value, 2015
Table 5: Singapore non-life insurance market value forecast: $ billion, 2015-20
Table 6: AIG Asia Pacific Insurance Pte. Ltd.: key facts
Table 7: AXA
Table 8: AXA
Table 9: AXA
Table 10: AXA
Table 11: MSIG Holdings (Asia) Pte. Ltd.: key facts
Table 12: NTUC Income Insurance Co-operative Limited: key facts
Table 13: NTUC Income Insurance Co-operative Limited: key financials ($)
Table 14: NTUC Income Insurance Co-operative Limited: key financials (Si$)
Table 15: NTUC Income Insurance Co-operative Limited: key financial ratios
Table 16: Singapore size of population (million), 2011-15
Table 17: Singapore gdp (constant 2005 prices, $ billion), 2011-15
Table 18: Singapore gdp (current prices, $ billion), 2011-15
Table 19: Singapore inflation, 2011-15
Table 20: Singapore consumer price index (absolute), 2011-15
Table 21: Singapore exchange rate, 2011-15


List of Figures
Figure 1: Singapore non-life insurance market value: $ billion, 2011-15
Figure 2: Singapore non-life insurance market category segmentation: % share, by value, 2015
Figure 3: Singapore non-life insurance market geography segmentation: % share, by value, 2015
Figure 4: Singapore non-life insurance market share: % share, by value, 2015
Figure 5: Singapore non-life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the non-life insurance market in Singapore, 2015
Figure 7: Drivers of buyer power in the non-life insurance market in Singapore, 2015
Figure 8: Drivers of supplier power in the non-life insurance market in Singapore, 2015
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Singapore, 2015
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Singapore, 2015
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Singapore, 2015
Figure 12: AXA
Figure 13: AXA
Figure 14: NTUC Income Insurance Co-operative Limited: revenues and profitability
Figure 15: NTUC Income Insurance Co-operative Limited: assets and liabilities

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