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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 countrys sustained economic development, rapidly growing older population, rising life expectancy and increased high net worth individual (HNWI) business contributed to the segments growth during the review period (20092013). As such, the gross written premium of the life insurance segment grew at a compound annual growth rate (CAGR) of 8.6%. Browse full report @ http://bit.ly/16r7XWQ
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Category : Insurance Life Insurance in Singapore, Key Trends and Opportunities to 2018
Synopsis 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 countrys sustained economic development, rapidly growing older population, rising life expectancy and increased high net worth individual (HNWI) business contributed to the segments growth during the review period (20092013). As such, the gross written premium of the life insurance segment grew at a compound annual growth rate (CAGR) of 8.6%. Browse Complete Report – http://www.aarkstore.com/insurance/95080/life-insurance-in-singapore-key-trends-and-opportunities-to-2018
Summary The report provides in-depth market analysis, information and insights into the Singaporean life insurance segment, including: • The Singaporean life insurance segments 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
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 reports 20092013 review period, and projected figures for the 20132018 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.
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 segments 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.
Table of Content 1 Key Facts and Events2 Executive Summary3 Introduction3.1 What is this Report About?3.2 Definitions3.3 Methodology4 Singaporean Insurance Industry Attractiveness4.1 Insurance Industry Size, 200920185 Life Insurance Outlook5.1 Consumer Segmentation
List of Tables Table 1: Singaporean Life Insurance Key Facts, 2013Table 2: Insurance Industry DefinitionsTable 3: Singaporean Insurance Gross Written Premium by Segment (SGD Billion), 20092013Table 4: Singaporean Insurance Gross Written Premium by Segment (US$ Billion), 20092013Table 5: Singaporean Insurance Gross Written Premium by Segment (SGD Billion), 20132018Table 6: Singaporean Insurance Gross Written Premium by Segment (US$ Billion), 20132018
List of Figures Figure 1: Singaporean Insurance Gross Written Premium by Segment (SGD Billion), 20092018Figure 2: Singaporean Insurance Dynamics by Segment, Gross Written Premium (20092018)Figure 3: Singaporean Insurance Direct Written Premium by Segment (SGD Billion), 20092018Figure 4: Singaporean Insurance Dynamics by Segment, Direct Written Premium (20092018)Figure 5: Singaporean Life Insurance Number of Active Policies and Gross Written Premium (Percentage Share), 2009 and 2013Figure 6: Singaporean Unemployment Rate (%), 20092013
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Life Insurance in Singapore, Key Trends and Opportunities to 2018 Published: Jan 2015 | 283 Pages 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 JapanPrice
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