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Singapore’s pro-business and pro-enterprise environment enabled global investors to access the country’s financial services industry. Unlike other South Asian countries, the Singaporean life insurance segment generates business largely from the domestic market, although some business comes from overseas markets including China, Japan, Australia, New Zealand and Hong Kong.
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Aarkstore.com | Life Insurance in Singapore, Key Trends and Opportunities to 2016
Synopsis The report provides in depth market analysis, information and insights into the Singapore life insurance market, including: • The Singapore life insurance market’s growth prospects by life insurance categories and customer segments • The various distribution channels in the Singapore life insurance market • The competitive landscape in the Singapore life insurance market • A description of the life reinsurance market in Singapore Summary Singapore’s pro-business and pro-enterprise environment enabled global investors to access the country’s financial services industry. Unlike other South Asian countries, the Singaporean life insurance segment generates business largely from the domestic market, although some business comes from overseas markets including China, Japan, Australia, New Zealand and Hong Kong. The economic conditions in neighboring countries therefore influence the life insurance segment in Singapore, and these have improved since the global financial crisis in 2009, increasing the demand for life insurance products including unit-linked, pension and other investment-linked products. Scope This report provides a comprehensive analysis of the life insurance market in Singapore: • It provides historical values for the Singapore life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period • It offers a detailed analysis of the key sub-segments in the Singapore life insurance market, along with market forecasts until 2016
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