Life Annuity Insurance Market in Singapore 2022-2026
Technavio has been monitoring the life annuity insurance market in Singapore and it is poised to grow by $ 570.00 mn during 2022-2026, decelerating at a CAGR of 3.22% during the forecast period. Our report on the life annuity insurance market in Singapore provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for insurance policies and increasing government regulations on mandatory insurance coverages. In addition, increasing demand for insurance policies is anticipated to boost the growth of the market as well.
The life annuity insurance market in Singapore analysis includes distribution channel and type segments.
Technavio's life annuity insurance market in Singapore is segmented as below:
- By Distribution Channel
- Online
- Offline
- By Type
- Life (Risk Premium)
- Life (Coinsurance)
- Accident and health
- Disability income
- Others
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on life annuity insurance market in Singapore covers the following areas:
- Life annuity insurance market sizing
- Life annuity insurance market forecast
- Life annuity insurance market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Companies Mentioned
Allianz Group, AXA Group, Berkshire Hathaway Inc., China Life Insurance (Singapore) Pte. Ltd, China Taiping Insurance Holdings Co. Ltd., Generali Group, HSBC Holdings Plc, Legal and General Group PLC, Munich Reinsurance Co., Prudential Financial Inc.
- Executive Summary
- Market Landscape
- Market ecosystem
- Parent market
- Table Parent market
- Table Market characteristics
- Parent market
- Value chain analysis
- Table Value chain analysis: Specialized Consumer Services
- Inputs
- Operations
- Marketing and sales
- Support activities
- Innovations
- Market ecosystem
- Market Sizing
- Market definition
- Table Offerings of vendors included in the market definition
- Market segment analysis
- Table Market segments
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
- Estimating growth rates for emerging and high-growth markets
- Estimating growth rates for mature markets
- Table Singapore - Market size and forecast 2021 - 2026 ($ million)
- Table Singapore market: Year-over-year growth 2021 - 2026 (%)
- Market definition
- Five Forces Analysis
- Five forces summary
- Table Five forces analysis 2021 & 2026
- Bargaining power of buyers
- Table Bargaining power of buyers
- Bargaining power of suppliers
- Table Bargaining power of suppliers
- Threat of new entrants
- Table Threat of new entrants
- Threat of substitutes
- Table Threat of substitutes
- Threat of rivalry
- Table Threat of rivalry
- Market condition
- Table Market condition - Five forces 2021
- Five forces summary
- Market Segmentation by Distribution channel
- Market segments
- Table Distribution channel - Market share 2021-2026 (%)
- Comparison by Distribution channel
- Table Comparison by Distribution channel
- Offline - Market size and forecast 2021-2026
- Table Offline - Market size and forecast 2021-2026 ($ million)
- Table Offline - Year-over-year growth 2021-2026 (%)
- Online - Market size and forecast 2021-2026
- Table Online - Market size and forecast 2021-2026 ($ million)
- Table Online - Year-over-year growth 2021-2026 (%)
- Market opportunity by Distribution channel
- Table Market opportunity by Distribution channel
- Market segments
- Market Segmentation by Type
- Market segments
- Table Type - Market share 2021-2026 (%)
- Comparison by Type
- Table Comparison by Type
- Life (Risk Premium) - Market size and forecast 2021-2026
- Table Life (Risk Premium) - Market size and forecast 2021-2026 ($ million)
- Table Life (Risk Premium) - Year-over-year growth 2021-2026 (%)
- Life (Coinsurance) - Market size and forecast 2021-2026
- Table Life (Coinsurance) - Market size and forecast 2021-2026 ($ million)
- Table Life (Coinsurance) - Year-over-year growth 2021-2026 (%)
- Accident and health - Market size and forecast 2021-2026
- Table Accident and health - Market size and forecast 2021-2026 ($ million)
- Table Accident and health - Year-over-year growth 2021-2026 (%)
- Disability income - Market size and forecast 2021-2026
- Table Disability income - Market size and forecast 2021-2026 ($ million)
- Table Disability income - Year-over-year growth 2021-2026 (%)
- Others - Market size and forecast 2021-2026
- Table Others - Market size and forecast 2021-2026 ($ million)
- Table Others - Year-over-year growth 2021-2026 (%)
- Market opportunity by Type
- Table Market opportunity by Type
- Market segments
- Customer landscape
- Table Customer landscape
- Drivers, Challenges, and Trends
- Market drivers
- Increasing demand for insurance policies
- Increasing government regulations on mandatory insurance coverages
- Market challenges
- Vulnerability toward cybercrime
- Low profitability for Insurers due to low interest rates
- Table Impact of drivers and challenges
- Market trends
- Insurance companies are going micro
- Integration of IT and analytic solutions
- Market drivers
- Vendor Landscape
- Table Vendor landscape
- Landscape disruption
- Table Landscape disruption
- Table Industry risks
- Competitive landscape
- Vendor Analysis
- Vendors covered
- Table Vendors covered
- Market positioning of vendors
- Table Market positioning of vendors
- Allianz Group
- Table Allianz Group - Overview
- Table Allianz Group - Business segments
- Table Allianz Group - Key offerings
- Table Allianz Group - Segment focus
- AXA Group
- Table AXA Group - Overview
- Table AXA Group - Business segments
- Table AXA Group - Key offerings
- Table AXA Group - Segment focus
- Berkshire Hathaway Inc.
- Table Berkshire Hathaway Inc. - Overview
- Table Berkshire Hathaway Inc. - Business segments
- Table Berkshire Hathaway Inc. - Key offerings
- Table Berkshire Hathaway Inc. - Segment focus
- China Life Insurance (Singapore) Pte. Ltd
- Table China Life Insurance (Singapore) Pte. Ltd - Overview
- Table China Life Insurance (Singapore) Pte. Ltd - Product and service
- Table China Life Insurance (Singapore) Pte. Ltd - Key offerings
- China Taiping Insurance Holdings Co. Ltd.
- Table China Taiping Insurance Holdings Co. Ltd. - Overview
- Table China Taiping Insurance Holdings Co. Ltd. - Business segments
- Table China Taiping Insurance Holdings Co. Ltd. - Key offerings
- Table China Taiping Insurance Holdings Co. Ltd. - Segment focus
- Generali Group
- Table Generali Group - Overview
- Table Generali Group - Business segments
- Table Generali Group - Key offerings
- Table Generali Group - Segment focus
- HSBC Holdings Plc
- Table HSBC Holdings Plc - Overview
- Table HSBC Holdings Plc - Business segments
- Table HSBC Holdings Plc - Key offerings
- Table HSBC Holdings Plc - Segment focus
- Legal and General Group PLC
- Table Legal and General Group PLC - Overview
- Table Legal and General Group PLC - Business segments
- Table Legal and General Group PLC - Key offerings
- Table Legal and General Group PLC - Segment focus
- Munich Reinsurance Co.
- Table Munich Reinsurance Co. - Overview
- Table Munich Reinsurance Co. - Business segments
- Table Munich Reinsurance Co. - Key offerings
- Table Munich Reinsurance Co. - Segment focus
- Prudential Financial Inc.
- Table Prudential Financial Inc. - Overview
- Table Prudential Financial Inc. - Business segments
- Table Prudential Financial Inc. - Key offerings
- Table Prudential Financial Inc. - Segment focus
- Vendors covered
- Appendix
- Scope of the report
- Market definition
- Objectives
- Notes and caveats
- Currency conversion rates for US$
- Table Currency conversion rates for US$
- Research methodology
- Table Research Methodology
- Table Validation techniques employed for market sizing
- Table Information sources
- List of abbreviations
- Table List of abbreviations
- Scope of the report
Research Assistance
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