Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Nov 2024

Market Profile


Singapore

Strong growth for Singapore's general insurance market

Singapore’s general insurance market is set to grow at an average annual rate of 5.8% over the next five years, with premiums projected to reach S$7.35bn by 2028.
 

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Calculators to show tangible mortality and CI protection gaps

Calculators introduced by Singapore Life Insurance Association can offer users a concrete idea of the protection gaps they may need to bridge.
 

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Singapore motor insurers struggle with rising claims

Insurers must adapt by offering relevant protection for EV owners and embracing technologies like AI to enhance claims efficiency, while new business models emerge in response to evolving consumer lifestyles.
 

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Singapore life insurers serving the ageing population

As Singapore gradually transitions into an ageing society, how do life insurers cope?
 

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Economic growth bodes well for Singapore insurance

Despite global headwinds, the country’s strong economic growth has ensured that Singapore’s insurance industry stays strong and resilient.
 

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