Non-Life Insurance in Singapore

Non-Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Singapore non-life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others.

The Singaporean non-life insurance market is expected to generate total gross written premiums of $11.9bn in 2015, representing a compound annual growth rate (CAGR) of 6.7% between 2011 and 2015.

The property segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $1.5bn, equivalent to 12.7% of the market's overall value.

While this market is generally performing well, slow-downs in growth can be attributed to a variety of factors. For example, an announcement in February 2013 by the Monetary Authority of Singapore of new financing restrictions on the purchase of vehicles had a knock-on effect on motor insurance premiums.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Singapore

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Singapore

Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Singapore non-life insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Singapore economy

Reasons to buy

What was the size of the Singapore non-life insurance market by value in 2015?

What will be the size of the Singapore non-life insurance market in 2020?

What factors are affecting the strength of competition in the Singapore non-life insurance market?

How has the market performed over the last five years?

Who are the top competitiors in Singapore's non-life insurance market?

Companies mentioned

American International Group, Inc., AXA, Fairfax Financial Holdings Limited, MS&AD Insurance Group Holdings, Inc.

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market share 11

Market Outlook 12

Market value forecast 12

Five Forces Analysis 13

Summary 13

Buyer power 14

Supplier power 16

New entrants 18

Threat of substitutes 19

Degree of rivalry 20

Leading Companies 21

American International Group, Inc. 21

AXA 24

Fairfax Financial Holdings Limited 28

MS&AD Insurance Group Holdings, Inc. 31

Macroeconomic Indicators 34

Country Data 34

Methodology 36

Industry associations 37

Related MarketLine research 37

Appendix 38

About MarketLine 38

List of Tables

Table 1: Singapore non-life insurance market value: $ billion, 201115(e)

Table 2: Singapore nonlife insurance market category segmentation: $ billion, 2015(e)

Table 3: Singapore nonlife insurance market geography segmentation: $ billion, 2015(e)

Table 4: Singapore non-life insurance market share: % share, by value, 2015(e)

Table 5: Singapore non-life insurance market value forecast: $ billion, 201520

Table 6: American International Group, Inc.: key facts

Table 7: American International Group, Inc.: key financials ($)

Table 8: American International Group, Inc.: key financial ratios

Table 9: AXA: key facts

Table 10: AXA: key financials ($)

Table 11: AXA: key financials (€)

Table 12: AXA: key financial ratios

Table 13: Fairfax Financial Holdings Limited: key facts

Table 14: Fairfax Financial Holdings Limited: key financials ($)

Table 15: Fairfax Financial Holdings Limited: key financial ratios

Table 16: MS&AD Insurance Group Holdings, Inc.: key facts

Table 17: MS&AD Insurance Group Holdings, Inc.: key financials ($)

Table 18: MS&AD Insurance Group Holdings, Inc.: key financials (Â¥)

Table 19: MS&AD Insurance Group Holdings, Inc.: key financial ratios

Table 20: Singapore size of population (million), 201115

Table 21: Singapore gdp (constant 2005 prices, $ billion), 201115

Table 22: Singapore gdp (current prices, $ billion), 201115

Table 23: Singapore inflation, 201115

Table 24: Singapore consumer price index (absolute), 201115

Table 25: Singapore exchange rate, 201115

List of Figures

Figure 1: Singapore non-life insurance market value: $ billion, 201115(e)

Figure 2: Singapore nonlife insurance market category segmentation: % share, by value, 2015(e)

Figure 3: Singapore nonlife insurance market geography segmentation: % share, by value, 2015(e)

Figure 4: Singapore non-life insurance market share: % share, by value, 2015(e)

Figure 5: Singapore non-life insurance market value forecast: $ billion, 201520

Figure 6: Forces driving competition in the non-life insurance market in Singapore, 2015

Figure 7: Drivers of buyer power in the non-life insurance market in Singapore, 2015

Figure 8: Drivers of supplier power in the non-life insurance market in Singapore, 2015

Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Singapore, 2015

Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Singapore, 2015

Figure 11: Drivers of degree of rivalry in the non-life insurance market in Singapore, 2015

Figure 12: American International Group, Inc.: revenues & profitability

Figure 13: American International Group, Inc.: assets & liabilities

Figure 14: AXA: revenues & profitability

Figure 15: AXA: assets & liabilities

Figure 16: Fairfax Financial Holdings Limited: revenues & profitability

Figure 17: Fairfax Financial Holdings Limited: assets & liabilities

Figure 18: MS&AD Insurance Group Holdings, Inc.: revenues & profitability

Figure 19: MS&AD Insurance Group Holdings, Inc.: assets & liabilities

List of Tables

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List of Figures

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