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Non-Life Insurance in Singapore

  • January 2016
  • -
  • MarketLine
  • -
  • 39 pages

Introduction

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. 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.

Highlights

- 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 Singaporean non-life insurance market is expected to generate total gross written premiums of $11.9bn in 2015, representing a compound annual growth rate (CAGR) of 6.7% between 2011 and 2015.

- The property segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $1.5bn, equivalent to 12.7% of the market's overall value.

- While this market is generally performing well, slow-downs in growth can be attributed to a variety of factors. For example, an announcement in February 2013 by the Monetary Authority of Singapore of new financing restrictions on the purchase of vehicles had a knock-on effect on motor insurance premiums.

Features

- 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

- Macroeconomic indicators provide insight into general trends within the Singapore economy

Key Questions Answered

- 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 competitiors in Singapore's non-life insurance market?

Table Of Contents

Non-Life Insurance in Singapore
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 18
Threat of substitutes 19
Degree of rivalry 20
Leading Companies 21
American International Group, Inc. 21
AXA 24
Fairfax Financial Holdings Limited 28
MSandAD Insurance Group Holdings, Inc. 31
Macroeconomic Indicators 34
Country Data 34
Methodology 36
Industry associations 37
Related MarketLine research 37
Appendix 38
About MarketLine 38

List of Tables
Table 1: Singapore non-life insurance market value: $ billion, 2011-15(e)
Table 2: Singapore non-life insurance market category segmentation: $ billion, 2015(e)
Table 3: Singapore non-life insurance market geography segmentation: $ billion, 2015(e)
Table 4: Singapore non-life insurance market share: % share, by value, 2015(e)
Table 5: Singapore non-life insurance market value forecast: $ billion, 2015-20
Table 6: American International Group, Inc.: key facts
Table 7: American International Group, Inc.: key financials ($)
Table 8: American International Group, Inc.: key financial ratios
Table 9: AXA: key facts
Table 10: AXA: key financials ($)
Table 11: AXA: key financials (€)
Table 12: AXA: key financial ratios
Table 13: Fairfax Financial Holdings Limited: key facts
Table 14: Fairfax Financial Holdings Limited: key financials ($)
Table 15: Fairfax Financial Holdings Limited: key financial ratios
Table 16: MSandAD Insurance Group Holdings, Inc.: key facts
Table 17: MSandAD Insurance Group Holdings, Inc.: key financials ($)
Table 18: MSandAD Insurance Group Holdings, Inc.: key financials (Â¥)
Table 19: MSandAD Insurance Group Holdings, Inc.: key financial ratios
Table 20: Singapore size of population (million), 2011-15
Table 21: Singapore gdp (constant 2005 prices, $ billion), 2011-15
Table 22: Singapore gdp (current prices, $ billion), 2011-15
Table 23: Singapore inflation, 2011-15
Table 24: Singapore consumer price index (absolute), 2011-15
Table 25: Singapore exchange rate, 2011-15

List of Figures
Figure 1: Singapore non-life insurance market value: $ billion, 2011-15(e)
Figure 2: Singapore non-life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Singapore non-life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Singapore non-life insurance market share: % share, by value, 2015(e)
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: American International Group, Inc.: revenues and profitability
Figure 13: American International Group, Inc.: assets and liabilities
Figure 14: AXA: revenues and profitability
Figure 15: AXA: assets and liabilities
Figure 16: Fairfax Financial Holdings Limited: revenues and profitability
Figure 17: Fairfax Financial Holdings Limited: assets and liabilities
Figure 18: MSandAD Insurance Group Holdings, Inc.: revenues and profitability
Figure 19: MSandAD Insurance Group Holdings, Inc.: assets and liabilities

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