Non-Life Insurance in Singapore - Market Summary, Competitive Analysis and Forecast to 2025
Non-Life Insurance in Singapore - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Non-Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Non-Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Singaporean non-life insurance market had total gross written premiums of $9.2bn in 2020, representing a compound annual growth rate (CAGR) of 6.4% between 2016 and 2020.
- The motor segment was the market's most lucrative in 2020, with total gross written premiums of $2.4bn, equivalent to 25.8% of the market's overall value.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Singapore
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore non-life insurance market with five year forecasts
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1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. Is there any important M&A activity on the horizon for next year?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. NTUC Income Insurance Co-operative Limited
8.2. AIG Asia Pacific Insurance Pte. Ltd.
8.3. AXA SA
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. Is there any important M&A activity on the horizon for next year?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. NTUC Income Insurance Co-operative Limited
8.2. AIG Asia Pacific Insurance Pte. Ltd.
8.3. AXA SA
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Singapore non-life insurance market value: $ billion, 2016–20
Table 2: Singapore non–life insurance market category segmentation: $ billion, 2020
Table 3: Singapore non–life insurance market geography segmentation: $ billion, 2020
Table 4: Singapore non-life insurance market value forecast: $ billion, 2020–25
Table 5: Singapore non-life insurance market share: % share, by value, 2020
Table 6: NTUC Income Insurance Co-operative Limited: key facts
Table 7: NTUC Income Insurance Co-operative Limited: Key Employees
Table 8: AIG Asia Pacific Insurance Pte. Ltd.: key facts
Table 9: AIG Asia Pacific Insurance Pte. Ltd.: Key Employees
Table 10: AXA SA: key facts
Table 11: AXA SA: Annual Financial Ratios
Table 12: AXA SA: Key Employees
Table 13: AXA SA: Key Employees Continued
Table 14: AXA SA: Key Employees Continued
Table 15: Singapore size of population (million), 2016–20
Table 16: Singapore gdp (constant 2005 prices, $ billion), 2016–20
Table 17: Singapore gdp (current prices, $ billion), 2016–20
Table 18: Singapore inflation, 2016–20
Table 19: Singapore consumer price index (absolute), 2016–20
Table 20: Singapore exchange rate, 2016–20
Table 1: Singapore non-life insurance market value: $ billion, 2016–20
Table 2: Singapore non–life insurance market category segmentation: $ billion, 2020
Table 3: Singapore non–life insurance market geography segmentation: $ billion, 2020
Table 4: Singapore non-life insurance market value forecast: $ billion, 2020–25
Table 5: Singapore non-life insurance market share: % share, by value, 2020
Table 6: NTUC Income Insurance Co-operative Limited: key facts
Table 7: NTUC Income Insurance Co-operative Limited: Key Employees
Table 8: AIG Asia Pacific Insurance Pte. Ltd.: key facts
Table 9: AIG Asia Pacific Insurance Pte. Ltd.: Key Employees
Table 10: AXA SA: key facts
Table 11: AXA SA: Annual Financial Ratios
Table 12: AXA SA: Key Employees
Table 13: AXA SA: Key Employees Continued
Table 14: AXA SA: Key Employees Continued
Table 15: Singapore size of population (million), 2016–20
Table 16: Singapore gdp (constant 2005 prices, $ billion), 2016–20
Table 17: Singapore gdp (current prices, $ billion), 2016–20
Table 18: Singapore inflation, 2016–20
Table 19: Singapore consumer price index (absolute), 2016–20
Table 20: Singapore exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Singapore non-life insurance market value: $ billion, 2016–20
Figure 2: Singapore non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Singapore non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Singapore non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in Singapore, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Singapore, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Singapore, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Singapore, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Singapore, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Singapore, 2020
Figure 11: Singapore non-life insurance market share: % share, by value, 2020
Figure 1: Singapore non-life insurance market value: $ billion, 2016–20
Figure 2: Singapore non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Singapore non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Singapore non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in Singapore, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Singapore, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Singapore, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Singapore, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Singapore, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Singapore, 2020
Figure 11: Singapore non-life insurance market share: % share, by value, 2020
