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 Innovation Articles
-
Digital Horizons: AXA Hong Kong’s Leap into Digital Insurance
Apr 11th 2025
-
Revolutionizing Cancer Care: AXA and Prosper Health’s Cross-Border Solution
Jan 30th 2025
-
Digital Platforms Are Set to Revolutionize Insurance Distribution by 2025: Here’s How
Jan 29th 2025
Singapore Insurance Consumer Trends Articles
More about Insurance Consumer TrendsSingapore Insurance Regulation Articles
-
The Blocked Billion-Dollar Insurance Deal: What’s Next for Singapore’s Market?
Nov 18th 2024
-
Singapore’s Standoff: Public Sentiment Derails Allianz’s $1.7 Billion Acquisition of Income Insurance
Nov 17th 2024
Singapore Insurance Key Players Articles
-
AIA’s Bold $1.6 Billion Buyback Plan: Strategic Genius or Missed Opportunity?
Apr 11th 2025
-
Zurich Insurance Acquires AIG’s Travel Guard in a Strategic Move to Dominate the Global Travel Insurance Market
Dec 24th 2024
-
AXA XL Bolsters Its Insurance-Linked Securities Strategy with Key Appointment
Oct 12th 2024
