Key Market Indicators
Singapore's Gross Written Premium is projected to climb to approximately $80 billion by 2028, up from $62 billion in 2023, marking a steady annual growth rate of 4%. Since 2009, the country's insurance sector has seen an 8.8% year-on-year increase in gross written premium. Despite this substantial growth, Singapore ranked eighth globally in 2023, with Switzerland surpassing it at the $62 billion mark. Leading the global rankings were the United Kingdom, Germany, and the Netherlands, occupying the second, third, and fourth positions, respectively.
Singapore Insurance Regulation Articles
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The Blocked Billion-Dollar Insurance Deal: What’s Next for Singapore’s Market?
Nov 18th 2024
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Singapore’s Standoff: Public Sentiment Derails Allianz’s $1.7 Billion Acquisition of Income Insurance
Nov 17th 2024