Singapore Insurance Report Q1 2011: New research report available at Fast Market Research

Jan. 3, 2011 - PRLog -- In this report, we have been able to include both final data for 2009, and to amend projections for the current year in order to take into account of H110 results released by major cross-border insurers in the Asia-Pacific region. Total insurance premiums in Singapore (including offshore risks) in 2010 are estimated at SGD28,879mn. This included non-life premiums of SGD9,199mn and life premiums of SGD17,680mn. In 2015, the corresponding figures are projected to be SGD31,848mn, SGD12,349mn and SGD19,499mn. In terms of the key drivers that underpin our forecasts, we expect for non-life penetration to stay constant at 3.10% from 2010 to 2015. BMI's proprietary Insurance Business Environment Rating for Singapore stands at 75.5.

As in previous quarters, we have ranked major players in each of the two main insurance segments as they are seen by the organisation providing the data (which, in practice, is usually the regulator or the trade association). In Singapore, the three largest non-life companies, in terms of gross written premiums, were Chartis/ American Home, NTUC Income and AXA Singapore. In the life segment, leaders were AIA, Great Eastern Life and NTUC Income. Over time, we hope to derive insights from observing how market shares change. We emphasise though that a decline in share of gross written premiums is not automatically a negative indictor and indeed is often the result of a corporate decision to focus on more profitable business lines.

In this report, we also provide a breakdown of the insurance sector by line - again, from the point of view of the regulator or the trade association. In Singapore, the largest non-life lines were motor, fire and work injury compensation. Over time, we should be able to use this information to bring greater sophistication to our forecasting process.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/106454_singapore_insurance_rep...


Report Table of Contents:

Executive Summary
- Table: Overview Of Singapore's Insurance Sector
- Key Insights On Singapore's Insurance Sector
SWOT Analysis
- Singapore Insurance Industry SWOT
- Singapore Political SWOT
- Singapore Economic SWOT
- Singapore Business Environment SWOT
What Might Have Been: Prudential's Acquisition Of AIA
- The Deal That Never Was
- Tale: AIA - Key Facts
- Table: AIA's Market Positions
- Table: What The Combined Group Would Have Looked Like - Latest Rankings In Asia Pacific Life Insurance
- Table: Asia Highlights Of Prudential plc's 2009 Annual Report
- Table: Prudential plc's New Business In Annualised Premium Equivalent, 2009
- Table: Global Life Insurance Profitability - Selected Figures
- Table: Who's Who - Life Insurance Joint Ventures And Businesses In India And China
Asia Pacific Market Overview
- Table: Premium's In Asia Pacific's Non-Life Segment (US$mn)
- Table: Premiums In Asia Pacific's Life Segment (US$mn)
Projections And Forecasts
- Table: Insurance Premiums, 2007-2015
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2007-2015
Country Update
- Macroeconomic Outlook
- Table: Singapore Economic Activity, 2007-2015
- Political Outlook
- Long-Term Political Outlook
Insurance Business Environment Ratings
- Table: Singapore's Insurance Business Environment Rating
- Table: Asia Pacific Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2009
- Table: Life Premiums In A Regional Context, 2009
Major Players In Singapore's Insurance Sector
- Table: Life Segment -The Largest Insurers At A Glance, 2009, Premium Income (SGDmn)
- Table: Non-Life Segment -The Largest Insurers At A Glance, 2009, Premium Income (SGDmn)
- Table: Principal Non-Life Lines, 2009 (SGDmn)
Analysis Of Regional Competitive Conditions
Company Profiles
- Local Company Profiles
- Great Eastern
- NTUC Income
- TM Asia Life Malaysia
- Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA
- Cardif
- Ageas
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential Plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
Country Snapshot: Singapore Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2000-2030
- Section 2: Education And Healthcare
- Table: Education, 2000-2004
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.