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Insurance in Singapore

  • January 2016
  • -
  • MarketLine
  • -
  • 36 pages

Introduction

Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: 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 insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Singaporean insurance market is expected to generate total gross written premiums of $27.6bn in 2015, representing a compound annual growth rate (CAGR) of 7.9% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $15.7bn, equivalent to 56.9% of the market's overall value.

- Both the life and non-life segments have seen solid growth in recent years, showing that the market does not have a dependency on either.

Features

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Singapore

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Singapore

- Leading company profiles reveal details of key insurance market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore 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 insurance market by value in 2015?

- What will be the size of the Singapore insurance market in 2020?

- What factors are affecting the strength of competition in the Singapore insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up Singapore's insurance market?

Table Of Contents

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
AIA Group Limited 21
Great Eastern Holdings Limited 24
NTUC Income Insurance Co-Operative Limited 27
Prudential plc 28
Macroeconomic Indicators 31
Country Data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35

List of Tables
Table 1: Singapore insurance market value: $ billion, 2011-15(e)
Table 2: Singapore insurance market category segmentation: $ billion, 2015(e)
Table 3: Singapore insurance market geography segmentation: $ billion, 2015(e)
Table 4: Singapore insurance market share: % share, by value, 2015(e)
Table 5: Singapore insurance market value forecast: $ billion, 2015-20
Table 6: AIA Group Limited: key facts
Table 7: AIA Group Limited: key financials ($)
Table 8: AIA Group Limited: key financial ratios
Table 9: Great Eastern Holdings Limited: key facts
Table 10: Great Eastern Holdings Limited: key financials ($)
Table 11: Great Eastern Holdings Limited: key financials (Si$)
Table 12: Great Eastern Holdings Limited: key financial ratios
Table 13: NTUC Income Insurance Co-Operative Limited: key facts
Table 14: Prudential plc: key facts
Table 15: Prudential plc: key financials ($)
Table 16: Prudential plc: key financials (£)
Table 17: Prudential plc: key financial ratios
Table 18: Singapore size of population (million), 2011-15
Table 19: Singapore gdp (constant 2005 prices, $ billion), 2011-15
Table 20: Singapore gdp (current prices, $ billion), 2011-15
Table 21: Singapore inflation, 2011-15
Table 22: Singapore consumer price index (absolute), 2011-15
Table 23: Singapore exchange rate, 2011-15

List of Figures
Figure 1: Singapore insurance market value: $ billion, 2011-15(e)
Figure 2: Singapore insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Singapore insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Singapore insurance market share: % share, by value, 2015(e)
Figure 5: Singapore insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the insurance market in Singapore, 2015
Figure 7: Drivers of buyer power in the insurance market in Singapore, 2015
Figure 8: Drivers of supplier power in the insurance market in Singapore, 2015
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Singapore, 2015
Figure 10: Factors influencing the threat of substitutes in the insurance market in Singapore, 2015
Figure 11: Drivers of degree of rivalry in the insurance market in Singapore, 2015
Figure 12: AIA Group Limited: revenues and profitability
Figure 13: AIA Group Limited: assets and liabilities
Figure 14: Great Eastern Holdings Limited: revenues and profitability
Figure 15: Great Eastern Holdings Limited: assets and liabilities
Figure 16: Prudential plc: revenues and profitability
Figure 17: Prudential plc: assets and liabilities

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ref:plp2016

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