Markets Details - Singapore


Supervisory Authority
Monetary Authority of Singapore
Business Address
10 Shenton Way, MAS Building, Singapore 079 117
Tel: 65-6225 5577 Fax: 65-6229 9229
Email: id@mas.gov.sg
Website: www.mas.gov.sg
 
Insurance Associations
Financial Services Managers Association (FSMA)
(Formerly General Agents & Managers Association (Singapore Chapter)
Business Address
300 Jalan Bukit Ho Swee, #01-03, Singapore 169 566
Tel: 65-6557 6402 / 6403 Fax: 65-6339 7384
Email: mail@fsma.org.sg
Website: www.fsma.org.sg
 

General Insurance Association of Singapore
Business Address
180 Cecil Street, #07-02 Bangkok Bank Building,
Singapore 069 546
Tel: 65-6221 8788 Fax: 65-6227 2051
Email: feedback@gia.org.sg
Website: www.gia.org.sg
 
Insurance and Financial Practitioners Association of Singapore
(Formerly Life Underwriters Association of Singapore)
Business Address
400 Orchard Road,#18-05 Orchard Towers,
Singapore 238 875
Tel: 65-6535 1221 Fax: 65-6534 2345
Email: admin@ifpas.org.sg
Website: www.ifpas.org.sg
 
Motor Insurers’ Bureau of Singapore
Business Address  
180 Cecil Street, #07-03 Bangkok Bank Building,
Singapore 069 546
Tel: 65-6220 8607 / 5947 Fax: 65-6227 8764
Email: pc.chua@mibos.com.sg
 

Life Insurance Association, Singapore
Business Address
79 Anson Road, #11-05, Singapore 079 906
Tel: 65-6438 8900 Fax: 65-6438 6989
Email: lia@lia.org.sg
Website: www.lia.org.sg
 

Reinsurance Brokers’ Association (Singapore)
Business Address
Secretariat, 69 Amoy Street, Singapore 069 888
Tel: 65-6372 3189 Fax: 65-6224 1091
Email: secretariat@rbas.org.sg
Website: www.rbas.org.sg
 

Risk and Insurance Management Association of Singapore
Business Address
c/o Singapore Professional Centre, 93 Toa Payoh
Central #05-01, Toa Payoh Central Community
Building, Singapore 319 194
Tel: 65-6251 5503 Fax: 65-6252 4533
Email: nora@spc.org.sg
Website: www.rimas.org.sg
 

Singapore Actuarial Society
Business Address
Robinson Road Post Office, PO Box 376,
Singapore 900 726
Tel: 65-9647 7577
Email: patsy@actuaries.org.sg
Website: www.actuaries.org.sg
 

Singapore Insurance Brokers’ Association
Business Address
80 Raffles Place, Level 36, UOB Plaza 1,
Singapore 048 624
Tel: 65-6248 4700 Fax: 65-6248 4531
Email: admin@siba.sg
Website: www.siba.sg
 
 

Singapore Reinsurers’ Association
Business Address
85 Amoy Street, Singapore 069 904
Tel: 65-6324 7388 Fax: 65-6224 8910
Email: srasecretariat@pacific.net.sg
Website: www.sraweb.org.sg
 
 
Educational and Insurance Institutions
Singapore College of Insurance
Business Address
9 Temasek Boulevard, #14-01/02/03 Suntec Tower 2,
Singapore 038 989
Email: talk2us@scidomain.org.sg
Website: www.scicollege.org.sg
Board of Directors
Ms Karine Kam (Executive Director)
 
Singapore Insurance Institute
Business Address
139 Cecil Street, #04-04 Cecil House,
Singapore 069 539
Tel: 65-6224 3919 Fax: 65-6224 3959
Email: admin@sii.org.sg
Website: www.sii.org.sg
 

Statistics

Premium volume (in millions)
Total Prem : USD 22, 080
Life Prem : USD 12,257
Non-life Prem :  USD 9,823
   
Insurance Penetration (2012)
Premiums as a % of GDP
Total Biz 6.03%
 
Insurance Density (2012)
Premiums per capita in USD
Total Biz
3,362.0
   
Source: Swiss Re - Sigma report.

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