The Report Reinsurance in Singapore, Key Trends and Opportunities to 2018 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

Albany, NY -- (SBWire) -- 01/28/2015 --Synopsis

The report provides in-depth market analysis, information and insights into the Singaporean reinsurance segment, including:

* The Singaporean reinsurance segment's growth prospects by reinsurance category

* Key trends and drivers for the reinsurance segment

* Singaporean reinsurance segment's growth prospects by reinsurance ceded from direct insurance

* The competitive landscape in the Singaporean reinsurance segment

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Executive summary

In terms of gross written premium, the Singaporean reinsurance segment grew at a compound annual growth rate (CAGR) of 8.9% during the review period (2009–2013), partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers. Growth was also supported by increased demand for reinsurance in key offshore markets following floods in Australia, China and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan, all of which made insurers in the affected countries keen to cede a greater proportion of their premium to reinsurers based in Singapore to avoid significant losses through future natural disasters.

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Scope

This report provides a comprehensive analysis of the reinsurance segment in Singapore:

* It provides historical values for Singapore's reinsurance segment for the report's 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

* It offers a detailed analysis of the key categories in Singapore's reinsurance segment, along with market forecasts until 2018.

* It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Singaporean its growth prospects.

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Reasons to buy

* Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean reinsurance segment and each sector within it

* Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean reinsurance segment

* Identify the growth opportunities and market dynamics in key product categories

* Gain insights into key regulations governing the Singaporean insurance industry, and their impact on companies and the industry's future

Key highlights

* In terms of gross written premium, the Singaporean reinsurance segment grew at a CAGR of 8.9% during the review period , partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers.

* Singapore is rapidly becoming a regional hub for reinsurance, with reinsurers operating in the state generating significant proportions their revenues from overseas markets.

* The Singaporean government offers incentives to reinsurers through its Offshore Insurance Business (OIB) scheme, the most widely used tax incentive in Singapore's insurance industry.

* Offshore revenues were generated in the wake of significant losses from natural disasters during the review period, such as floods in Australia and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan.

* Over the forecast period, demand for reinsurance in Singapore is expected to increase due to the rapid development of the country's high-profit-margin insurance industry, which performed strongly during the review period.

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Non-Life Insurance in Singapore, Key Trends and Opportunities to 2018

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Synopsis

The report provides in-depth market analysis, information and insights into the Singaporean non-life insurance segment, including:

* The Singaporean non-life insurance segment's growth prospects by non-life insurance category

* Key trends and drivers for the non-life insurance segment

* The various distribution channels in the Singaporean non-life insurance segment

* The detailed competitive landscape in the non-life insurance segment in Singapore

* Detailed regulatory policies of the Singaporean insurance industry

* Analysis of various consumer segments in Singaporean non-life insurance

* Key developments in the Singaporean non-life insurance segment

* New products launched by Singaporean non-life insurers

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Executive summary

In terms of gross written premium, the Singaporean non-life insurance segment registered a compound annual growth rate (CAGR) of 10.4% during the review period (2009–2013). The growth was driven by strong demand from 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 government has spent approximately SGD15.0 billion (US$12.0 billion) annually on the development of physical infrastructure, which has had both a direct and indirect impact on the country's financial sector. Positive economic trends, a 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 (2013–2018). The segment is expected to post a CAGR of 8.0% in 2018.

Life Insurance in Singapore, Key Trends and Opportunities to 2018

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http://www.marketresearchreports.biz/analysis/242178

Synopsis

The report provides in-depth market analysis, information and insights into the Singaporean life insurance segment, including:

- The Singaporean life insurance segment's growth prospects by life insurance category

- Key trends and drivers for the life insurance segment

- The various distribution channels in the Singaporean life insurance segment

- The detailed competitive landscape in the life insurance segment in Singapore

- Detailed regulatory policies of the Singaporean insurance industry

- Analysis of various consumer segments in Singaporean life insurance

- Key developments in the Singaporean life insurance segment

- New products launched by Singaporean life insurers

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Executive summary

The Singaporean life insurance segment generates business largely from the domestic market, although a small proportion of business is generated from Australia, China, Hong Kong, India, New Zealand and Japan. However, the country's sustained economic development, rapidly growing older population, rising life expectancy and increased high net worth individual (HNWI) business contributed to the segment's growth during the review period (2009?2013). As such, the gross written premium of the life insurance segment grew at a compound annual growth rate (CAGR) of 8.6%.

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