Report Published: "Non-Life Insurance in Singapore, Key Trends and Opportunities to 2017"

Recently published research from Timetric, "Non-Life Insurance in Singapore, Key Trends and Opportunities to 2017", is now available at Fast Market Research

Logo

Boston, MA -- (SBWire) -- 10/29/2013 --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, including insurance. However, the growth moderated in 2012 as a result of a decrease in reinsurance underwriting activity after natural disasters in the Asia-Pacific region in 2011. The positive economic trend, favorable regulatory framework, continuous public spending on infrastructure development and healthy offshore business are likely to drive the non-life segment over the forecast period.

View Full Report Details and Table of Contents

Key Highlights

- The Singaporean non-life insurance segment registered a CAGR at 11.7% during the review period
- Offshore business remains healthy
- Infrastructure financing continues to be one of the major contributors to the country's financial markets.
- The Singaporean insurance industry is supervised and regulated by the Monetary Authority of Singapore (MAS), and rules and regulations governing the Singaporean insurance industry are stipulated in the Insurance Act of Singapore
- The Singaporean non-life insurance segment is moderately concentrated, with the 10 leading companies collectively accounting for 64.1% of the total segment's written premiums in 2011

Scope

This report provides a comprehensive analysis of the non-life insurance segment in Singapore:

- It provides historical values for Singapore's non-life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key categories in Singapore's non-life insurance segment, along with market forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for non-life insurance products in Singapore
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Singapore for the non-life insurance segment
- It provides a detailed analysis of the reinsurance segment in Singapore and its growth prospects
- It profiles the top non-life insurance companies in Singapore and outlines the key regulations affecting them

Companies Mentioned in this Report: Lloyd's Asia Scheme, First Capital, Chartis Insurance, NTUC Income, Axa Singapore, MSIG, RSA Ins, India International, QBE, Liberty Insurance

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Insurance research reports at Fast Market Research

You may also be interested in these related reports:

- Life Insurance in Russia, Key Trends and Opportunities to 2017
- Life Insurance in Austria, Key Trends and Opportunities to 2017: The Austrian life segment's written premium fell from EUR7.4 billion in 2008 to EUR6.5 billion in 2012.
- Non-Life Insurance in Austria, Key Trends and Opportunities to 2017: The Austrian non-life segments written premium value grew from EUR6.5 billion in 2008 to EUR7.1 billion in 2012.
- Life Insurance in South Africa, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in South Africa, Key Trends and Opportunities to 2017
- Non-Life Insurance in South Africa, Key Trends and Opportunities to 2017
- Life Insurance in the United Kingdom, Key Trends and Opportunities to 2017
- Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2017: Despite being the smallest insurance segment in Austria, personal and health registered the fastest growth.
- Non-Life Insurance in Romania, Key Trends and Opportunities to 2017
- Life Insurance in Argentina, Key Trends and Opportunities to 2017

Media Relations Contact

Bill Thompson
Director of Marketing
800-844-8156
http://www.fastmr.com

View this press release online at: http://rwire.com/362376