Life Insurance in Singapore, Key Trends and Opportunities to 2018

The Report Life Insurance in Singapore, Key Trends and Opportunities to 2018 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.bizAlbany, NY -- (ReleaseWire) -- 01/28/2015 -- 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

View Full Report
http://www.marketresearchreports.biz/analysis/242178

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%.

Download Detail Report With Complete TOC
http://www.marketresearchreports.biz/sample/sample/242178

Scope

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

* It provides historical values for the Singaporean life insurance 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 the Singaporean life insurance segment, along with market forecasts until 2018.

* 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 life insurance products in Singapore.

* It profiles the top life insurance companies in Singapore and outlines the key regulations affecting them.

Explore All Latest Published Reports By Timetric
http://www.marketresearchreports.biz/publisher/61

Reasons to buy

* Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean life insurance segment and each category within it.

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

* Assess the competitive dynamics in the life insurance 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

* 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.

* Singapore'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.

* On July 30, 2014, the Monetary Authority of Singapore (MAS) announced that customers can purchase life insurance products directly from insurance companies without paying commission.

* With an aim to strengthen the standards of risk management among insurers operating in Singapore, MAS issued a notice to develop enterprise risk management (ERM) in 2013.

* Increasing incidences of fraud and crime are expected to pose a challenge for life insurers operating in Singapore.

Related Reports

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

View Full Report
http://www.marketresearchreports.biz/analysis/242176

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

Download Detail Report With Complete TOC
http://www.marketresearchreports.biz/sample/sample/242176

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.

The Insurance Industry in Panama, Key Trends and Opportunities to 2018

View Full Report
http://www.marketresearchreports.biz/analysis/242177

Synopsis

The report provides in-depth industry analysis, information and insights into the insurance industry in Panama, including:

- The Panamanian insurance industry's growth prospects by insurance segment and category

- The competitive landscape in the Panamanian insurance industry

- The current trends and drivers in the Panamanian insurance industry

- Challenges facing the Panamanian insurance industry

- The detailed regulatory framework of the Panamanian insurance industry

Download Detail Report With Complete TOC
http://www.marketresearchreports.biz/sample/sample/242177

Executive summary

Panama is one of the most promising economies in Central America, and the second-largest in Latin America after Chile. The country's economy is dependent on its service industry, especially banking and tourism, and ranked 40th on the 2013 Global Competiveness Index. The industry grew in terms of gross written premium value recording a review-period (2009–2013) CAGR of 10.3%. Over the forecast period (2013–2018), the industry is projected to register a CAGR of 9.7%. Following a process of currency substitution, Panama adopted the US dollar after independence, which resulted in a fall in transaction costs when trading with other countries also using the dollar. The industry is regulated by Superintendent of Insurance and Reinsurance (SSRP) and consists of 32 insurers. The five leading insurers together accounted for 62.8% (US$496.4 million) of the total industry's premium in 2013.

About MarketResearchReports.biz
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

Browse Our Press Releases by Prnewswire:
http://www.prnewswire.com/news/marketresearchreports.biz

Contact Us:
Office: State Tower
90 Sate Street, Suite 700
Albany, NY 12207
United States
Tel: 518-618-1030
USA: Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
E: sales@marketresearchreports.bizFor more information on this press release visit: http://www.releasewire.com/press-releases/release-576474.htm

Media Relations Contact

Sheela AK
Business Head
Market Research Reports.biz
Telephone: 518-618-1030
Email: Click to Email Sheela AK
Web: http://www.marketresearchreports.biz/