Magazine

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

Nov 2025

Market Profile


Singapore

ILPs and annual premiums boost life insurance but Savings gaps persist

Singapore’s life insurance market saw strong growth in 2024 and early 2025, fuelled by surging investment-linked plans and rising annual premium policies. Despite this momentum, many Singaporeans continue to face shortfalls in long-term financial security.
 

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InsurTech scene thriving on strategic partnerships

The InsurTech scene in Singapore is presently thriving on strategic partnerships with insurers and strong guidelines and regulations. These factors have contributed to the country’s status as a regional hub for InsurTech.
 

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Digitalisation, tariffs and autonomous vehicles shape non-life industry

The Singaporean non-life insurance industry is being shaped by a number of factors, including digitalisation, tariffs and the country’s push towards autonomous vehicles.
 

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Strong fundamentals help attract reinsurers to Singapore market

Singapore is the Asia Pacific hub for 12 of the world’s top insurance and reinsurance companies. The market is the regional hub for 16 of the top 25 reinsurers and also has a presence of over 150 (re)insurance brokers.
 

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Navigating a sudden travel disruption

When Jetstar Asia suddenly made an announcement that it would be ceasing operations, Singlife was able to apply lessons learned from the pandemic to manage the fallout and ensure timely support.
 


From dual systems to unified success

Three years after acquiring AXA Singapore for $529m, HSBC Life has completed a transformation few insurers manage successfully. 
 

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Singapore insurance sector remains resilient

Singapore’s insurance industry remains resilient, posting steady growth across general, life, and reinsurance segments. This growth is supported by favourable regulatory developments and rising demand for health and investment-linked policies.
 

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