Singapore

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

General Insurance Association of Singapore
Web: www.gia.org.sg

 

POPULATION, 2011-2014 (1)

Year Population
2011 4,740,737
2012 5,353,494
2013 5,460,302
2014 5,567,301

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $240.0
2010 235.7
2011 292.4
2012 314.5
2013 339.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $2,870
Life premiums 15,092
Total premiums $17,962
Percent of total world premiums 0.39%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

View Archived Tables

 

 

LEADING NONLIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company SGN Mn USD Mn
AIG Asia  467.1 373.7
AXA Singapore  358.6 287.0
NTUC Income  309.7 247.8
MSIG  306.0 244.8
First Capital  294.9 236.0
Liberty Insurance  143.7 115.0
QBE  135.3 108.3
Tokio Marine Insurance  134.9 108.0
ACE Insurance  119.3 95.5
India International  105.2 84.2

Source: Axco Insurance Information Services.

View Archived Tables

 

 

LEADING LIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company SGN Mn USD Mn
AIA Singapore  3,536.4 2,829.9
Prudential  3,229.8 2,584.5
NTUC Income  3,075.0 2,460.6
Great Eastern Life  3,064.9 2,452.6
Aviva Ltd  992.4 794.1
Manulife  766.5 613.3
HSBC Insurance  676.2 541.1
OAC  638.5 511.0
Tokio Marine Life  593.6 475.0
AXA Life Singapore 274.9 220.0

Source: Axco Insurance Information Services.

View Archived Tables