The report provides in-depth market analysis, information and insights into the Singaporean non-life insurance segment, including:
To Read the Complete Report with Toc Visit: http://www.researchmoz.com/non-life-insurance-in-singapore-key-trends-and-opportunities-to-2018-report.html
The Singaporean non-life insurance segment’s growth prospects by non-life insurance category
Key trends and drivers for the non-life insurance segment
The various distribution channels in the Singaporean non-life insurance segment
The detailed competitive landscape in the non-life insurance segment in Singapore
Detailed regulatory policies of the Singaporean insurance industry
Analysis of various consumer segments in Singaporean non-life insurance
Key developments in the Singaporean non-life insurance segment
New products launched by Singaporean non-life insurers
Click Here To Download Detail Report: http://www.researchmoz.com/enquiry.php?type=sample&repid=242176
Executive summary
In terms of gross written premium, the Singaporean non-life insurance segment registered a compound annual growth rate (CAGR) of 10.4% during the review period (2009–2013). The growth was driven by strong demand from offshore markets, rising passenger car sales in the domestic market, expanding construction activity and sustained economic development. Significant public spending on infrastructure development also contributed to the growth. Since 2009, the government has spent approximately SGD15.0 billion (US$12.0 billion) annually on the development of physical infrastructure, which has had both a direct and indirect impact on the country’s financial sector. Positive economic trends, a favorable regulatory framework, continuous public spending on infrastructure development and healthy offshore business are likely to drive the non-life segment over the forecast period (2013–2018). The segment is expected to post a CAGR of 8.0% in 2018.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Singapore:
It provides historical values for Singapore’s non-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 Singapore’s non-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 non-life insurance products in Singapore.
It profiles the top non-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 non-life insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean non-life insurance segment.
Assess the competitive dynamics in the non-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
In terms of gross written premium, the Singaporean non-life segment registered a CAGR at 10.4% during the review period.
Infrastructure financing continues to be a major contributor to the country’s financial markets.
The Singaporean non-life segment in general, the property insurance category in particular, depended on key offshore markets.
Agencies were the most popular distribution channel for non-life insurers in Singapore during the review period.
The rising number of HNWIs doing business in Singapore is expected to attract larger foreign capital inward investment over the forecast period.
Despite these growth opportunities, the segment is expected to face numerous challenges over the forecast period, with some of the most notable being related to the growth of insurance fraud, especially in the motor insurance category, and the country’s low-interest-rate environment.
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 Non-Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Non-Life Insurance Growth Prospects by Category
5.6 Property Insurance
5.6.1 Fire and allied perils insurance
5.6.2 Engineering insurance
5.6.3 Other property insurance
5.7 Motor Insurance
5.7.1 Motor hull insurance
5.7.2 Motor third-party insurance
5.8 Liability Insurance
5.9 Marine, Aviation and Transit Insurance
5.9.1 Marine insurance
5.9.2 Aviation insurance
5.9.3 Transit insurance
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
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Singaporean Non-Life Segment
8.3 Comparison of the Top Five Insurers
8.3.1 Gross written premium
8.3.2 Incurred loss
8.3.3 Investment income
8.4 Leading Non-life Insurers – New Product Launches
8.5 Leading Non-life Insurers – Key Developments
8.6 Lloyd’s Asia Scheme – Company Overview
8.6.1 Lloyd’s Asia Scheme – key facts
8.6.2 Lloyd’s Asia Scheme – key financials
8.7 First Capital Insurance Ltd – Company Overview
8.7.1 First Capital Insurance Ltd – key facts
8.7.2 First Capital Insurance Ltd – key financials
8.8 AIG Asia Pacific Insurance Pte Ltd – Company Overview
8.8.1 AIG Asia Pacific Insurance Pte Ltd – key facts
8.8.2 AIG Asia Pacific Insurance Pte Ltd – key financials
8.9 Axa Insurance Singapore Pte Ltd – Company Overview
8.9.1 Axa Insurance Singapore Pte Ltd – key facts
8.9.2 Axa Insurance Singapore Pte Ltd – Key Financials
8.10 NTUC Income Insurance Co-Operative Ltd – Company Overview
8.10.1 NTUC Income Insurance Co-Operative Ltd – key facts
8.10.2 NTUC Income Insurance Co-Operative Ltd – 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$)
9.5.2 Total population
9.5.3 Age distribution of the total population
9.5.4 Life expectancy
10 Appendix–2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer
List of Tables
Table 1: Singaporean Non-Life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2009–2013
Table 4: Singaporean Insurance – Gross Written Premium by Segment (US$ 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 (Percentage 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 (Percentage Share), 2009–2018
Table 13: Singaporean Non-Life Insurance – Gross Written Premium by Category (SGD Million), 2009–2013
Table 14: Singaporean Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 15: Singaporean Non-Life Insurance – Gross Written Premium by Category (SGD Million), 2013–2018
Table 16: Singaporean Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 17: Singaporean Non-Life Insurance – Direct Written Premium by Category (SGD Million), 2009–2013
Table 18: Singaporean Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 19: Singaporean Non-Life Insurance – Direct Written Premium by Category (SGD Million), 2013–2018
Table 20: Singaporean Non-Life Insurance – Direct Written Premium by Category (US$ Million), 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/non-life-insurance-in-singapore-key-trends-and-opportunities-to-2018-report.html
The Singaporean non-life insurance segment’s growth prospects by non-life insurance category
Key trends and drivers for the non-life insurance segment
The various distribution channels in the Singaporean non-life insurance segment
The detailed competitive landscape in the non-life insurance segment in Singapore
Detailed regulatory policies of the Singaporean insurance industry
Analysis of various consumer segments in Singaporean non-life insurance
Key developments in the Singaporean non-life insurance segment
New products launched by Singaporean non-life insurers
Click Here To Download Detail Report: http://www.researchmoz.com/enquiry.php?type=sample&repid=242176
Executive summary
In terms of gross written premium, the Singaporean non-life insurance segment registered a compound annual growth rate (CAGR) of 10.4% during the review period (2009–2013). The growth was driven by strong demand from offshore markets, rising passenger car sales in the domestic market, expanding construction activity and sustained economic development. Significant public spending on infrastructure development also contributed to the growth. Since 2009, the government has spent approximately SGD15.0 billion (US$12.0 billion) annually on the development of physical infrastructure, which has had both a direct and indirect impact on the country’s financial sector. Positive economic trends, a favorable regulatory framework, continuous public spending on infrastructure development and healthy offshore business are likely to drive the non-life segment over the forecast period (2013–2018). The segment is expected to post a CAGR of 8.0% in 2018.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Singapore:
It provides historical values for Singapore’s non-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 Singapore’s non-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 non-life insurance products in Singapore.
It profiles the top non-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 non-life insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean non-life insurance segment.
Assess the competitive dynamics in the non-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
In terms of gross written premium, the Singaporean non-life segment registered a CAGR at 10.4% during the review period.
Infrastructure financing continues to be a major contributor to the country’s financial markets.
The Singaporean non-life segment in general, the property insurance category in particular, depended on key offshore markets.
Agencies were the most popular distribution channel for non-life insurers in Singapore during the review period.
The rising number of HNWIs doing business in Singapore is expected to attract larger foreign capital inward investment over the forecast period.
Despite these growth opportunities, the segment is expected to face numerous challenges over the forecast period, with some of the most notable being related to the growth of insurance fraud, especially in the motor insurance category, and the country’s low-interest-rate environment.
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 Non-Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Non-Life Insurance Growth Prospects by Category
5.6 Property Insurance
5.6.1 Fire and allied perils insurance
5.6.2 Engineering insurance
5.6.3 Other property insurance
5.7 Motor Insurance
5.7.1 Motor hull insurance
5.7.2 Motor third-party insurance
5.8 Liability Insurance
5.9 Marine, Aviation and Transit Insurance
5.9.1 Marine insurance
5.9.2 Aviation insurance
5.9.3 Transit insurance
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
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Singaporean Non-Life Segment
8.3 Comparison of the Top Five Insurers
8.3.1 Gross written premium
8.3.2 Incurred loss
8.3.3 Investment income
8.4 Leading Non-life Insurers – New Product Launches
8.5 Leading Non-life Insurers – Key Developments
8.6 Lloyd’s Asia Scheme – Company Overview
8.6.1 Lloyd’s Asia Scheme – key facts
8.6.2 Lloyd’s Asia Scheme – key financials
8.7 First Capital Insurance Ltd – Company Overview
8.7.1 First Capital Insurance Ltd – key facts
8.7.2 First Capital Insurance Ltd – key financials
8.8 AIG Asia Pacific Insurance Pte Ltd – Company Overview
8.8.1 AIG Asia Pacific Insurance Pte Ltd – key facts
8.8.2 AIG Asia Pacific Insurance Pte Ltd – key financials
8.9 Axa Insurance Singapore Pte Ltd – Company Overview
8.9.1 Axa Insurance Singapore Pte Ltd – key facts
8.9.2 Axa Insurance Singapore Pte Ltd – Key Financials
8.10 NTUC Income Insurance Co-Operative Ltd – Company Overview
8.10.1 NTUC Income Insurance Co-Operative Ltd – key facts
8.10.2 NTUC Income Insurance Co-Operative Ltd – 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$)
9.5.2 Total population
9.5.3 Age distribution of the total population
9.5.4 Life expectancy
10 Appendix–2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer
List of Tables
Table 1: Singaporean Non-Life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Singaporean Insurance – Gross Written Premium by Segment (SGD Billion), 2009–2013
Table 4: Singaporean Insurance – Gross Written Premium by Segment (US$ 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 (Percentage 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 (Percentage Share), 2009–2018
Table 13: Singaporean Non-Life Insurance – Gross Written Premium by Category (SGD Million), 2009–2013
Table 14: Singaporean Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2009–2013
Table 15: Singaporean Non-Life Insurance – Gross Written Premium by Category (SGD Million), 2013–2018
Table 16: Singaporean Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2013–2018
Table 17: Singaporean Non-Life Insurance – Direct Written Premium by Category (SGD Million), 2009–2013
Table 18: Singaporean Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2009–2013
Table 19: Singaporean Non-Life Insurance – Direct Written Premium by Category (SGD Million), 2013–2018
Table 20: Singaporean Non-Life Insurance – Direct Written Premium by Category (US$ Million), 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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