Non-Life Insurance in Singapore
SummaryNon-Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Singaporean non-life insurance market recorded gross written premiums of $4.5 billion in 2024, representing a compound annual growth rate (CAGR) of 6.9% between 2019 and 2024.
- The motor segment accounted for the market's largest proportion in 2024, with total gross written premiums of $0.9 billion, equivalent to 20.3% of the market's overall value.
- In 2024, Singapore accounted for 0.9% of the Asia-Pacific non-life insurance market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, 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
Reasons To Buy
- What was the size of the Singapore non-life insurance market by value in 2024?
- What will be the size of the Singapore non-life insurance market in 2029?
- What factors are affecting the strength of competition in the Singapore non-life insurance market?
- How has the market performed over the last five years?
- How large is Singapore’s non-life insurance market in relation to its regional counterparts?
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