Life Annuity Insurance Market Size in Singapore to Grow by USD 570.00 Mn| Increasing demand for insurance policies to boost market growth in Singapore| Technavio
Resulting in market growth of
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
Vendors in the market are focusing on the quality of the target market infrastructure, political stability, and managing operating costs. Several companies are increasingly adopting automated portfolio monitoring, which keeps them updated about the credit flow of their client segment and allows them to take appropriate steps with immediate effect. This helps insurance companies minimize their risks and increase revenues and profits.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by Distribution Channel:
- Online:
- The online segment will contribute to the market's expansion. The offline segment, on the other hand, will contribute to market expansion. Sales modes such as sales persons and insurance agencies are part of the offline distribution channel. Salespeople work for an insurance firm and are paid a commission on every policy they sell. They have a simple way of connecting with individuals and establishing trust in their products and insurance companies.
- Offline
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Latest Trends, Driving the Life Annuity Insurance Market in
- Market Driver:
- Increasing demand for insurance policies:
Customers in
- Market Trend:
- Insurance companies going micro:
Microinsurance is a type of insurance that protects low-income families or people with little funds. Death, injury, fire, illness, earthquakes, and other natural calamities are all covered under the insurance. This low-income insurance is one of the most effective risk-reduction measures available to a historically disadvantaged demographic. It caters to the needs of a wide group of people who were previously ignored by some insurance firms, and it is quickly gaining traction as an innovative and profitable product.
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Related Reports:
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Life Annuity Insurance Market Scope in |
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Report Coverage |
Details |
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Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Decelerate at a CAGR of 3.22% |
|
Market growth 2022-2026 |
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Market structure |
Concentrated |
|
YoY growth (%) |
3.63 |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key finding 2
Exhibit 03: Key finding 5
Exhibit 04: Key finding 6
Exhibit 05: Key finding 7
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent market
Exhibit 06: Parent market
Exhibit 07: Market characteristics
2.2 Value chain analysis
Exhibit 08: Value chain analysis: Specialized Consumer Services
2.2.1 Inputs
2.2.2 Operations
2.2.3 Marketing and sales
2.2.4 Support activities
2.2.5 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by Distribution Channel
5.1 Market segments
The segments covered in this chapter are:
- Offline
- Online
Exhibit 20: Distribution Channel - Market share 2021-2026 (%)
5.2 Comparison by Distribution Channel
Exhibit 21: Comparison by Distribution Channel
5.3 Offline - Market size and forecast 2021-2026
Exhibit 22: Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Offline - Year-over-year growth 2021-2026 (%)
5.4 Online - Market size and forecast 2021-2026
Exhibit 24: Online - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Online - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Distribution channel
Exhibit 26: Market opportunity by Distribution channel
6. Market Segmentation by Type
6.1 Market segments
The segments covered in this chapter are:
- Life (Risk Premium)
- Life (Coinsurance)
- Accident and health
- Disability income
- Others
Exhibit 27: Type - Market share 2021-2026 (%)
6.2 Comparison by Type
Exhibit 28: Comparison by Type
6.3 Life (Risk Premium) - Market size and forecast 2021-2026
Exhibit 29: Life (Risk Premium) - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Life (Risk Premium) - Year-over-year growth 2021-2026 (%)
6.4 Life (Coinsurance) - Market size and forecast 2021-2026
Exhibit 31: Life (Coinsurance) - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Life (Coinsurance) - Year-over-year growth 2021-2026 (%)
6.5 Accident and health - Market size and forecast 2021-2026
Exhibit 33: Accident and health - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Accident and health - Year-over-year growth 2021-2026 (%)
6.6 Disability income - Market size and forecast 2021-2026
Exhibit 35: Disability income - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Disability income - Year-over-year growth 2021-2026 (%)
6.7 Others - Market size and forecast 2021-2026
Exhibit 37: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Others - Year-over-year growth 2021-2026 (%)
6.8 Market opportunity by Type
Exhibit 39: Market opportunity by Type
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
7.1 Overview
Exhibit 40: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing demand for insurance policies
8.1.2 Increasing government regulations on mandatory insurance coverages
8.1.3 Growing hospital insurance programs
8.2 Market challenges
8.2.1 Vulnerability toward cybercrime
8.2.2 Low profitability for Insurers due to low interest rates
8.2.3 Insurance subject to government regulations
Exhibit 41: Impact of drivers and challenges
8.3 Market trends
8.3.1 Insurance companies are going micro
8.3.2 Integration of IT and analytic solutions
8.3.3 Emergence of digital marketing platform
9. Vendor Landscape
9.1 Overview
Exhibit 42: Vendor landscape
9.2 Landscape disruption
Exhibit 43: Landscape disruption
Exhibit 44: Industry risks
9.3 Competitive landscape
10. Vendor Analysis
10.1 Vendors covered
Exhibit 45: Vendors covered
10.2 Market positioning of vendors
Exhibit 46: Market positioning of vendors
10.3 Allianz Group
Exhibit 47:
Exhibit 48:
Exhibit 49:
Exhibit 50:
10.4 AXA Group
Exhibit 51:
Exhibit 52:
Exhibit 53:
Exhibit 54:
10.5 Berkshire Hathaway Inc.
Exhibit 55: Berkshire Hathaway Inc. - Overview
Exhibit 56: Berkshire Hathaway Inc. - Business segments
Exhibit 57: Berkshire Hathaway Inc. - Key offerings
Exhibit 58: Berkshire Hathaway Inc. - Segment focus
10.6
Exhibit 59:
Exhibit 60:
Exhibit 61:
10.7 China Taiping Insurance Holdings Co. Ltd.
Exhibit 62: China Taiping Insurance Holdings Co. Ltd. - Overview
Exhibit 63: China Taiping Insurance Holdings Co. Ltd. - Business segments
Exhibit 64: China Taiping Insurance Holdings Co. Ltd. - Key offerings
Exhibit 65: China Taiping Insurance Holdings Co. Ltd. - Segment focus
10.8
Exhibit 66:
Exhibit 67:
Exhibit 68:
Exhibit 69:
10.9 HSBC Holdings Plc
Exhibit 70: HSBC Holdings Plc - Overview
Exhibit 71: HSBC Holdings Plc - Business segments
Exhibit 72: HSBC Holdings Plc - Key offerings
Exhibit 73: HSBC Holdings Plc - Segment focus
10.10 Legal and General Group PLC
Exhibit 74: Legal and General Group PLC - Overview
Exhibit 75: Legal and General Group PLC - Business segments
Exhibit 76: Legal and General Group PLC - Key offerings
Exhibit 77: Legal and General Group PLC - Segment focus
10.11 Munich Reinsurance Co.
Exhibit 78:
Exhibit 79:
Exhibit 80:
Exhibit 81:
10.12 Prudential Financial Inc.
Exhibit 82: Prudential Financial Inc. - Overview
Exhibit 83: Prudential Financial Inc. - Business segments
Exhibit 84: Prudential Financial Inc. - Key offerings
Exhibit 85: Prudential Financial Inc. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 86: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 87: Research Methodology
Exhibit 88: Validation techniques employed for market sizing
Exhibit 89: Information sources
11.4 List of abbreviations
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