Personal Accident and Health Insurance in Singapore, Key Trends and Opportunities to 2019


#485563

140pages

Timetric

$ 1950

In Stock

Synopsis
Timetrics 'Personal Accident and Health Insurance in Singapore, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Singaporean personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20102014) and forecast period (20142019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Singaporean economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetrics 'Personal Accident and Health Insurance in Singapore, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Singaporean personal accident and health insurance segment, including:

The Singaporean personal accident and health insurance segments growth prospects by insurance category

Key trends, drivers and challenges for the personal accident and health insurance segment

A comprehensive overview of the Singaporean economy and demographics

Details of the competitive landscape in the personal accident and health insurance segment in Singapore

Details of regulatory policy applicable to the Singaporean insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Singapore:

It provides historical values for the Singaporean personal accident and health insurance segment for the reports 20102014 review period, and projected figures for the 20142019 forecast period.

It offers a detailed analysis of the key categories in the Singaporean personal accident and health insurance segment, and market forecasts to 2019.

It analyzes the various distribution channels for personal accident and health insurance products in Singapore.

It profiles the top personal accident and health insurance companies in Singapore, and outlines the key regulations affecting them.

Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean personal accident and health insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean personal accident and health insurance segment.

Assess the competitive dynamics in the personal accident and health insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Singaporean insurance industry, and their impact on companies and the industry's future.

Key Highlights
The largest category in the personal accident and health segment was health insurance, which accounted for a 59.1% share of the segments total gross written premiums in 2014.

The segments growth was supported by the countrys economic expansion, a rapidly growing older population, an increase in outbound travelers and favorable legislation.

In addition to underwriting profits, Singaporean personal accident and health insurance insurers are focusing on generating returns on investments, aided by sustainable economic growth.

Singapore has a sophisticated healthcare system, but the current national medical saving schemes such as Medisave, Medifund and Medishield cannot meet the countrys rising healthcare requirements, as these schemes only cover a limited range of diseases and meet low-value medical expenses.

On June 5, 2014, the MediShield Life Review Committee proposed changes to the existing government-run Medishield plan. The proposal introduces a new universal healthcare cover: MediShield Life. Under the proposed changes, the maxim age limit of 90 years for coverage will be removed and lifetime coverage will be introduced.