Life Insurance in Singapore

Date: January 15, 2016
Pages: 35
Price:
US$ 350.00
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Publisher: MarketLine
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: L1B508AABC7EN
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Life Insurance in Singapore
INTRODUCTION

Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Singapore life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

HIGHLIGHTS
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2014 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The Singaporean life insurance market is expected to generate total gross written premiums of $15.7bn in 2015, representing a compound annual growth rate (CAGR) of 8.8% between 2011 and 2015.
  • The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $15.3bn, equivalent to 97.6% of the market's overall value.
  • Growth in this market recently has largely been driven by an abundance of new product launches and an increase in the uptake of savings-orientated products through bancassurance.
FEATURES
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Singapore
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore life insurance market with five year forecasts
  • Macroeconomic indicators provide insight into general trends within the Singapore economy
KEY QUESTIONS ANSWERED
  • What was the size of the Singapore life insurance market by value in 2015?
  • What will be the size of the Singapore life insurance market in 2020?
  • What factors are affecting the strength of competition in the Singapore life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Singapore's life insurance market?
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AIA Group Limited
Great Eastern Holdings Limited
NTUC Income Insurance Co-Operative Limited
Prudential Financial, Inc.
Macroeconomic Indicators
Country Data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

LIST OF TABLES

Table 1: Singapore life insurance market value: $ billion, 2011–15(e)
Table 2: Singapore life insurance market category segmentation: $ billion, 2015(e)
Table 3: Singapore life insurance market geography segmentation: $ billion, 2015(e)
Table 4: Singapore life insurance market share: % share, by value, 2015(e)
Table 5: Singapore life insurance market value forecast: $ billion, 2015–20
Table 6: AIA Group Limited: key facts
Table 7: AIA Group Limited: key financials ($)
Table 8: AIA Group Limited: key financial ratios
Table 9: Great Eastern Holdings Limited: key facts
Table 10: Great Eastern Holdings Limited: key financials ($)
Table 11: Great Eastern Holdings Limited: key financials (Si$)
Table 12: Great Eastern Holdings Limited: key financial ratios
Table 13: NTUC Income Insurance Co-Operative Limited: key facts
Table 14: Prudential Financial, Inc.: key facts
Table 15: Prudential Financial, Inc.: key financials ($)
Table 16: Prudential Financial, Inc.: key financial ratios
Table 17: Singapore size of population (million), 2011–15
Table 18: Singapore gdp (constant 2005 prices, $ billion), 2011–15
Table 19: Singapore gdp (current prices, $ billion), 2011–15
Table 20: Singapore inflation, 2011–15
Table 21: Singapore consumer price index (absolute), 2011–15
Table 22: Singapore exchange rate, 2011–15

LIST OF FIGURES

Figure 1: Singapore life insurance market value: $ billion, 2011–15(e)
Figure 2: Singapore life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Singapore life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Singapore life insurance market share: % share, by value, 2015(e)
Figure 5: Singapore life insurance market value forecast: $ billion, 2015–20
Figure 6: Forces driving competition in the life insurance market in Singapore, 2015
Figure 7: Drivers of buyer power in the life insurance market in Singapore, 2015
Figure 8: Drivers of supplier power in the life insurance market in Singapore, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Singapore, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Singapore, 2015
Figure 11: Drivers of degree of rivalry in the life insurance market in Singapore, 2015
Figure 12: AIA Group Limited: revenues & profitability
Figure 13: AIA Group Limited: assets & liabilities
Figure 14: Great Eastern Holdings Limited: revenues & profitability
Figure 15: Great Eastern Holdings Limited: assets & liabilities
Figure 16: Prudential Financial, Inc.: revenues & profitability
Figure 17: Prudential Financial, Inc.: assets & liabilities
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Non-Life Insurance in Singapore US$ 350.00 Jan, 2016 · 39 pages
Global Life Insurance US$ 350.00 Jan, 2016 · 35 pages
Life Insurance in Asia-Pacific US$ 350.00 Jan, 2016 · 33 pages
Life Insurance in China US$ 350.00 Jan, 2016 · 37 pages
Life Insurance in Japan US$ 350.00 Jan, 2016 · 34 pages

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