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Insurance industry in Singapore

Statistics report on the insurance industry in Singapore

This report presents a range of statistics and facts about the Singapore insurance market. It provides an overview of the industry, with specific focus on life and non-life insurance segments. In addition, it also depicts consumer behavior when it comes to insurance products.

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Table of contents

Overview

4
  • Premium Statistic GDP of the finance and insurance industry in Singapore 2015-2025
  • Premium Statistic Export value of insurance services from Singapore to Asia 2000-2022
  • Premium Statistic Insurance gross premiums written Singapore 2014-2023
  • Premium Statistic Insurance gross premiums value Singapore 2023, by type

Key indicators

4
  • Premium Statistic Insurance underwriting profit Singapore 2014-2023
  • Premium Statistic Insurance underwriting profit value Singapore 2023, by type
  • Premium Statistic Number of insurance companies in Singapore 2016-2025, by type
  • Premium Statistic Life and non-life insurance penetration Singapore 2022

Life insurance

5
  • Basic Statistic Life insurance policies in force in Singapore 2013-2022
  • Premium Statistic Health insurance gross premiums written Singapore 2014-2023
  • Premium Statistic Health insurance underwriting profit Singapore 2014-2023
  • Premium Statistic Personal accident insurance underwriting profit Singapore 2018-2023
  • Premium Statistic Personal accident insurance gross premiums written Singapore 2018-2023

Non-life insurance

6
  • Premium Statistic Motor insurance gross premiums written Singapore 2014-2023
  • Premium Statistic Property insurance gross premiums written Singapore 2017-2023
  • Premium Statistic Employers’ liability insurance gross premiums written Singapore 2017-2023
  • Premium Statistic Marine cargo insurance gross premiums written Singapore 2014-2023
  • Premium Statistic Marine hull insurance gross premiums written Singapore 2014-2023
  • Premium Statistic Travel insurance gross premiums written Singapore 2018-2023

Consumer perspective

6
  • Premium Statistic Preferred insurance product features APAC 2021, by country
  • Premium Statistic Insurance customer satisfaction Singapore 2022, by insurers
  • Premium Statistic Preferred purchasing channels of insurance Singapore 2020-2022
  • Premium Statistic Preferred channel to purchase insurance Singapore 2020-2022, by type
  • Premium Statistic Leading reasons for considering life insurance among millennials Singapore 2021
  • Premium Statistic Leading reasons for not purchasing life insurance among millennials Singapore 2021
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