The report provides in-depth market analysis, information and insights into the Singaporean life insurance segment, including:
To Read the Complete Report with Toc Visit: http://www.researchmoz.com/life-insurance-in-singapore-key-trends-and-opportunities-to-2018-report.html
The Singaporean life insurance segment’s growth prospects by life insurance category
Key trends and drivers for the life insurance segment
The various distribution channels in the Singaporean life insurance segment
The detailed competitive landscape in the life insurance segment in Singapore
Detailed regulatory policies of the Singaporean insurance industry
Analysis of various consumer segments in Singaporean life insurance
Key developments in the Singaporean life insurance segment
New products launched by Singaporean life insurers
Executive summary
The Singaporean life insurance segment generates business largely from the domestic market, although a small proportion of business is generated from Australia, China, Hong Kong, India, New Zealand and Japan. However, the country’s sustained economic development, rapidly growing older population, rising life expectancy and increased high net worth individual (HNWI) business contributed to the segment’s growth during the review period (2009−2013). As such, the gross written premium of the life insurance segment grew at a compound annual growth rate (CAGR) of 8.6%.
Click Here To Download Detail Report: http://www.researchmoz.com/enquiry.php?type=sample&repid=242178
Scope
This report provides a comprehensive analysis of the life insurance segment in Singapore:
It provides historical values for the Singaporean life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
It offers a detailed analysis of the key categories in the Singaporean life insurance segment, along with market forecasts until 2018.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for life insurance products in Singapore.
It profiles the top life insurance companies in Singapore and outlines the key regulations affecting them.
Reasons to buy
Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean life insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean life insurance segment.
Assess the competitive dynamics in the life insurance segment.
Identify the growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Singaporean insurance industry and their impact on companies and the industry's future.
Key highlights
The Singaporean life insurance segment generates business largely from the domestic market, although a small proportion of business is generated from Australia, China, Hong Kong, India, New Zealand and Japan.
Singapore's sustained economic development, rapidly growing older population, rising life expectancy and increased high net worth individual (HNWI) business contributed to the segment’s growth during the review period.
On July 30, 2014, the Monetary Authority of Singapore (MAS) announced that customers can purchase life insurance products directly from insurance companies without paying commission.
With an aim to strengthen the standards of risk management among insurers operating in Singapore, MAS issued a notice to develop enterprise risk management (ERM) in 2013.
Increasing incidences of fraud and crime are expected to pose a challenge for life insurers operating in Singapore.
Table Of Content
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Singaporean Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018
5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Life Insurance
5.6.1 Individual whole life insurance
5.6.2 Individual general annuity insurance
5.6.3 Individual endowment insurance
5.6.4 Individual term life insurance
5.6.5 Other individual other insurance
5.7 Group Life Insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Product Type
5.9.1 Total linked insurance business
5.9.2 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Liability insurance
7.2.5 Marine, aviation and transit insurance
7.2.6 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Motor vehicle third-party liability insurance
7.3.2 Workmen’s compensation insurance
7.3.3 Government health insurance
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors (IAIS)
7.4.2 Monetary Authority of Singapore (MAS)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Singaporean Life Insurance Segment
8.3 Comparison of the Top Five Insurers
8.3.1 Gross written premium
8.3.2 Gross claims
8.3.3 Total assets
8.4 Leading Life Insurers – New Product Launches
8.5 Leading Life Insurers – Key Developments
8.6 Prudential Assurance Company Singapore (Pte) Ltd – Company Overview
8.6.1 Prudential Assurance Company Singapore (Pte) Ltd – key facts
8.6.2 Prudential Assurance Company Singapore (Pte) Ltd – key financials
8.7 Great Eastern Life Assurance Co. Ltd – Company Overview
8.7.1 Great Eastern Life Assurance Co. Ltd – key facts
8.7.2 Great Eastern Life Assurance Co. Ltd – key financials
8.8 AIA Singapore Private Ltd – Company Overview
8.8.1 AIA Singapore Private Ltd – key facts
8.8.2 AIA Singapore Private Ltd – key financials
8.9 NTUC Income Insurance Co-Operative Ltd – Company Overview
8.9.1 NTUC Income Insurance Co-Operative Ltd – key facts
8.9.2 NTUC Income Insurance Co-Operative Ltd – key financials
8.10 Overseas Assurance Corporation – Company Overview
8.10.1 Overseas Assurance Corporation – key facts
8.10.2 Overseas Assurance Corporation – key financials
9 Appendix – 1
9.1 Market capitalization trend – Singapore Exchange Ltd (SGX), Singapore
9.2 Economic Performance
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP by key sector
9.2.5 Agriculture, hunting, forestry and fishing net output at current prices (US$)
9.2.6 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
9.2.7 Manufacturing net output at current prices (US$)
9.2.8 Manufacturing net output at current prices as a percentage of GDP
9.2.9 Mining, manufacturing and utilities at current prices (US$)
9.2.10 Mining, manufacturing and utilities at current prices as percentage of GDP
9.2.11 Construction net output at current prices (US$)
9.2.12 Construction net output at current prices as a percentage of GDP
9.2.13 Inflation rate
9.2.14 Exports as a percentage of GDP
9.2.15 Imports as a percentage of GDP
9.2.16 Merchandise exports growth
9.2.17 Merchandise imports growth
9.2.18 Annual average exchange rate SGD–US$
9.3 Infrastructure
9.3.1 Commercial vehicle exports – total value
9.3.2 Commercial vehicle imports – total value
9.3.3 Automotive exports – total value
9.3.4 Automotive imports – total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Household consumption expenditure (US$)
9.5.2 Total population
9.5.3 Age distribution of the total population
9.5.4 Life expectancy
10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer
List of Tables
Table 1: Singaporean Life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2009–2013
Table 4: Singaporean Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2013–2018
Table 6: Singaporean Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Singaporean Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
Table 8: Singaporean Insurance – Direct Written Premium by Segment (SGD Billion), 2009–2013
Table 9: Singaporean Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Singaporean Insurance – Direct Written Premium by Segment (SGD Billion), 2013–2018
Table 11: Singaporean Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Singaporean Insurance – Segmentation, Direct Written Premium (% Share), 2009–2018
Table 13: Singaporean Life Insurance – Gross Written Premium by Category (SGD Billion), 2009–2013
Table 14: Singaporean Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 15: Singaporean Life Insurance – Gross Written Premium by Category (SGD Billion), 2013–2018
Table 16: Singaporean Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 17: Singaporean Life Insurance – New Business Written Premium (SGD Billion), 2009–2013
Table 18: Singaporean Life Insurance – New Business Written Premium (SGD Billion), 2013–2018
Table 19: Singaporean Life Insurance – Earned Premium (SGD Billion), 2009–2013
Table 20: Singaporean Life Insurance – Earned Premium (SGD Billion), 2013–2018
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact
Mr. Nachiket
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA: Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
Visit: http://www.prnewswire.com/news/marketresearchreports.biz
To Read the Complete Report with Toc Visit: http://www.researchmoz.com/life-insurance-in-singapore-key-trends-and-opportunities-to-2018-report.html
The Singaporean life insurance segment’s growth prospects by life insurance category
Key trends and drivers for the life insurance segment
The various distribution channels in the Singaporean life insurance segment
The detailed competitive landscape in the life insurance segment in Singapore
Detailed regulatory policies of the Singaporean insurance industry
Analysis of various consumer segments in Singaporean life insurance
Key developments in the Singaporean life insurance segment
New products launched by Singaporean life insurers
Executive summary
The Singaporean life insurance segment generates business largely from the domestic market, although a small proportion of business is generated from Australia, China, Hong Kong, India, New Zealand and Japan. However, the country’s sustained economic development, rapidly growing older population, rising life expectancy and increased high net worth individual (HNWI) business contributed to the segment’s growth during the review period (2009−2013). As such, the gross written premium of the life insurance segment grew at a compound annual growth rate (CAGR) of 8.6%.
Click Here To Download Detail Report: http://www.researchmoz.com/enquiry.php?type=sample&repid=242178
Scope
This report provides a comprehensive analysis of the life insurance segment in Singapore:
It provides historical values for the Singaporean life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
It offers a detailed analysis of the key categories in the Singaporean life insurance segment, along with market forecasts until 2018.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for life insurance products in Singapore.
It profiles the top life insurance companies in Singapore and outlines the key regulations affecting them.
Reasons to buy
Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean life insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean life insurance segment.
Assess the competitive dynamics in the life insurance segment.
Identify the growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Singaporean insurance industry and their impact on companies and the industry's future.
Key highlights
The Singaporean life insurance segment generates business largely from the domestic market, although a small proportion of business is generated from Australia, China, Hong Kong, India, New Zealand and Japan.
Singapore's sustained economic development, rapidly growing older population, rising life expectancy and increased high net worth individual (HNWI) business contributed to the segment’s growth during the review period.
On July 30, 2014, the Monetary Authority of Singapore (MAS) announced that customers can purchase life insurance products directly from insurance companies without paying commission.
With an aim to strengthen the standards of risk management among insurers operating in Singapore, MAS issued a notice to develop enterprise risk management (ERM) in 2013.
Increasing incidences of fraud and crime are expected to pose a challenge for life insurers operating in Singapore.
Table Of Content
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Singaporean Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018
5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Life Insurance
5.6.1 Individual whole life insurance
5.6.2 Individual general annuity insurance
5.6.3 Individual endowment insurance
5.6.4 Individual term life insurance
5.6.5 Other individual other insurance
5.7 Group Life Insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Product Type
5.9.1 Total linked insurance business
5.9.2 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Liability insurance
7.2.5 Marine, aviation and transit insurance
7.2.6 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Motor vehicle third-party liability insurance
7.3.2 Workmen’s compensation insurance
7.3.3 Government health insurance
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors (IAIS)
7.4.2 Monetary Authority of Singapore (MAS)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Singaporean Life Insurance Segment
8.3 Comparison of the Top Five Insurers
8.3.1 Gross written premium
8.3.2 Gross claims
8.3.3 Total assets
8.4 Leading Life Insurers – New Product Launches
8.5 Leading Life Insurers – Key Developments
8.6 Prudential Assurance Company Singapore (Pte) Ltd – Company Overview
8.6.1 Prudential Assurance Company Singapore (Pte) Ltd – key facts
8.6.2 Prudential Assurance Company Singapore (Pte) Ltd – key financials
8.7 Great Eastern Life Assurance Co. Ltd – Company Overview
8.7.1 Great Eastern Life Assurance Co. Ltd – key facts
8.7.2 Great Eastern Life Assurance Co. Ltd – key financials
8.8 AIA Singapore Private Ltd – Company Overview
8.8.1 AIA Singapore Private Ltd – key facts
8.8.2 AIA Singapore Private Ltd – key financials
8.9 NTUC Income Insurance Co-Operative Ltd – Company Overview
8.9.1 NTUC Income Insurance Co-Operative Ltd – key facts
8.9.2 NTUC Income Insurance Co-Operative Ltd – key financials
8.10 Overseas Assurance Corporation – Company Overview
8.10.1 Overseas Assurance Corporation – key facts
8.10.2 Overseas Assurance Corporation – key financials
9 Appendix – 1
9.1 Market capitalization trend – Singapore Exchange Ltd (SGX), Singapore
9.2 Economic Performance
9.2.1 GDP at constant prices (US$)
9.2.2 GDP per capita at constant prices (US$)
9.2.3 GDP at current prices (US$)
9.2.4 GDP by key sector
9.2.5 Agriculture, hunting, forestry and fishing net output at current prices (US$)
9.2.6 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
9.2.7 Manufacturing net output at current prices (US$)
9.2.8 Manufacturing net output at current prices as a percentage of GDP
9.2.9 Mining, manufacturing and utilities at current prices (US$)
9.2.10 Mining, manufacturing and utilities at current prices as percentage of GDP
9.2.11 Construction net output at current prices (US$)
9.2.12 Construction net output at current prices as a percentage of GDP
9.2.13 Inflation rate
9.2.14 Exports as a percentage of GDP
9.2.15 Imports as a percentage of GDP
9.2.16 Merchandise exports growth
9.2.17 Merchandise imports growth
9.2.18 Annual average exchange rate SGD–US$
9.3 Infrastructure
9.3.1 Commercial vehicle exports – total value
9.3.2 Commercial vehicle imports – total value
9.3.3 Automotive exports – total value
9.3.4 Automotive imports – total value
9.3.5 Total internet subscribers
9.4 Labor Force
9.4.1 Labor force
9.4.2 Unemployment rate
9.5 Demographics
9.5.1 Household consumption expenditure (US$)
9.5.2 Total population
9.5.3 Age distribution of the total population
9.5.4 Life expectancy
10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer
List of Tables
Table 1: Singaporean Life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2009–2013
Table 4: Singaporean Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2013–2018
Table 6: Singaporean Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Singaporean Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
Table 8: Singaporean Insurance – Direct Written Premium by Segment (SGD Billion), 2009–2013
Table 9: Singaporean Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Singaporean Insurance – Direct Written Premium by Segment (SGD Billion), 2013–2018
Table 11: Singaporean Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Singaporean Insurance – Segmentation, Direct Written Premium (% Share), 2009–2018
Table 13: Singaporean Life Insurance – Gross Written Premium by Category (SGD Billion), 2009–2013
Table 14: Singaporean Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 15: Singaporean Life Insurance – Gross Written Premium by Category (SGD Billion), 2013–2018
Table 16: Singaporean Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 17: Singaporean Life Insurance – New Business Written Premium (SGD Billion), 2009–2013
Table 18: Singaporean Life Insurance – New Business Written Premium (SGD Billion), 2013–2018
Table 19: Singaporean Life Insurance – Earned Premium (SGD Billion), 2009–2013
Table 20: Singaporean Life Insurance – Earned Premium (SGD Billion), 2013–2018
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact
Mr. Nachiket
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA: Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
Visit: http://www.prnewswire.com/news/marketresearchreports.biz
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