Report Published: "Non-Life Insurance in Singapore, Key Trends and Opportunities to 2017"
The Singaporean non-life insurance segment registered a CAGR at 11.7% during the review period. The growth was driven by strong demand in offshore markets, rising passenger car sales in the domestic market, expanding construction activity and sustained economic development. Significant public spending on infrastructure development also contributed to the growth. Since 2009, the Singaporean government has spent approximately SGD15 billion annually towards the development of physical infrastructure, which has had both direct and indirect impacts on the country's financial sector,...
View full press release