ÌÇÐÄÆƽâ°æ

Insurance industry in Singapore - statistics & facts

Singapore aims to become an insurance hub in Asia. The finance and insurance sector's gross domestic product has steadily increased in recent years. The insurance industry is regulated by the Monetary Authority of Singapore (MAS) under the Insurance Act. It divides the insurance business into two categories: life insurance and general business or non-life insurance. The number of insurance companies has been increasing, especially in the last three years, with captive and direct insurers leading the industry.
Log in or register to access full data.
Published by Daniel Slotta, Dec 17, 2025

Key insights

  • GDP of the finance and insurance industry in Singapore
  • *****bn SGD
  • Value of gross premiums written by insurance companies in Singapore
  • ***bn SGD
  • Number of insurance companies in Singapore
  • ***

·¡»å¾±³Ù´Ç°ù’s Picks
·¡»å¾±³Ù´Ç°ù’s Picks
Current statistics on this topic

Insurance

Life and non-life insurance penetration Singapore 2022

Insurance

Health insurance gross premiums written Singapore 2014-2023

Insurance

Insurance gross premiums value Singapore 2023, by type

Recommended statistics

Overview

4

Overview

Key indicators

4

Key indicators

Life insurance

5

Life insurance

Non-life insurance

6

Non-life insurance

Consumer perspective

6

Consumer perspective

Further reports

Get the best reports to understand your industry

Reinsurance
Reinsurance
Cyber insurance
Cyber insurance
Insurance industry in China
Insurance industry in China
Insurance industry in the Philippines
Insurance industry in the Philippines
We’re happy to help

Get in touch with us for additional information

Feel free to contact us anytime. We will respond to your inquiry as quickly as possible.

Get in touch