Non-Life Insurance in Singapore

Non-Life Insurance in Singapore

Code: ML-OHEC5231 | Published: Feb-2015 | Pages: 36 | MarketLine
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Non-Life Insurance in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). 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 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 value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurers premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2013 annual average exchange rates.

- The Singaporean non-life insurance market is expected to generate total gross written premiums of $10.4bn in 2014, representing a compound annual growth rate (CAGR) of 6.4% between 2010 and 2014.

- The motor segment is expected to be the markets most lucrative in 2014, with total gross written premiums of $3.7bn, equivalent to 35.9% of the markets overall value.

- The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 6.3% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $14.1bn by the end of 2019.

Key Findings
Save time carrying out entry-level research by identifying the size, growth, 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 2014?

What will be the size of the Singapore non-life insurance market in 2019?

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?

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 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
American International Group, Inc. 19
AXA 23
MSandAD Insurance Group Holdings, Inc. 27
NTUC Income Insurance Co-Operative Limited 30
Macroeconomic Indicators 31
Country Data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35

LIST OF TABLES
Table 1: Singapore non-life insurance market value: $ million, 2010-14(e) 8
Table 2: Singapore non-life insurance market category segmentation: $ million, 2014(e) 9
Table 3: Singapore non-life insurance market geography segmentation: $ million, 2014(e) 10
Table 4: Singapore non-life insurance market share: % share, by value, 2014(e) 11
Table 5: Singapore non-life insurance market value forecast: $ million, 2014-19 12
Table 6: American International Group, Inc.: key facts 19
Table 7: American International Group, Inc.: key financials ($) 21
Table 8: American International Group, Inc.: key financial ratios 21
Table 9: AXA: key facts 23
Table 10: AXA: key financials ($) 24
Table 11: AXA: key financials (Euro) 25
Table 12: AXA: key financial ratios 25
Table 13: MSandAD Insurance Group Holdings, Inc.: key facts 27
Table 14: MSandAD Insurance Group Holdings, Inc.: key financials ($) 28
Table 15: MSandAD Insurance Group Holdings, Inc.: key financials (Yen) 28
Table 16: MSandAD Insurance Group Holdings, Inc.: key financial ratios 28
Table 17: NTUC Income Insurance Co-Operative Limited: key facts 30
Table 18: Singapore size of population (million), 2010-14 31
Table 19: Singapore gdp (constant 2005 prices, $ billion), 2010-14 31
Table 20: Singapore gdp (current prices, $ billion), 2010-14 31
Table 21: Singapore inflation, 2010-14 32
Table 22: Singapore consumer price index (absolute), 2010-14 32
Table 23: Singapore exchange rate, 2010-14 32

LIST OF FIGURES
Figure 1: Singapore non-life insurance market value: $ million, 2010-14(e) 8
Figure 2: Singapore non-life insurance market category segmentation: % share, by value, 2014(e) 9
Figure 3: Singapore non-life insurance market geography segmentation: % share, by value, 2014(e) 10
Figure 4: Singapore non-life insurance market share: % share, by value, 2014(e) 11
Figure 5: Singapore non-life insurance market value forecast: $ million, 2014-19 12
Figure 6: Forces driving competition in the non-life insurance market in Singapore, 2014 13
Figure 7: Drivers of buyer power in the non-life insurance market in Singapore, 2014 14
Figure 8: Drivers of supplier power in the non-life insurance market in Singapore, 2014 15
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Singapore, 2014 16
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Singapore, 2014 17
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Singapore, 2014 18
Figure 12: American International Group, Inc.: revenues and profitability 21
Figure 13: American International Group, Inc.: assets and liabilities 22
Figure 14: AXA: revenues and profitability 25
Figure 15: AXA: assets and liabilities 26
Figure 16: MSandAD Insurance Group Holdings, Inc.: revenues and profitability 29
Figure 17: MSandAD Insurance Group Holdings, Inc.: assets and liabilities 29
American International Group, Inc., AXA, MSandAD Insurance Group Holdings, Inc. and NTUC Income Insurance Co-Operative Limited

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