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Synopsis
Timetric's 'Reinsurance in Singapore, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Singaporean reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010-2014) and forecast period (2014-2019).
The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Singaporean economy and demographics, and provides detailed analysis of natural hazards and their impact on the Singaporean insurance industry.
The report brings together Timetric's research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.
Summary
Timetric's 'Reinsurance in Singapore, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Singaporean reinsurance segment, including:
The Singaporean reinsurance segment's growth prospects by reinsurance ceded from direct insurance
A comprehensive overview of the Singaporean economy and demographics
Detailed analysis of natural hazards and their impact on the Singaporean insurance industry
The competitive landscape in the Singaporean reinsurance segment
Scope
This report provides a comprehensive analysis of the reinsurance segment in Singapore:
It provides historical values for the Singaporean reinsurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
It offers a detailed analysis of the key categories in the Singaporean reinsurance segment, and market forecasts to 2019.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Singapore, and the reinsurance segment's growth prospects.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean reinsurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean reinsurance 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
During the review period, Singapore's reinsurers were exposed to the impact of natural disasters as a result of their operations in flood-prone countries such as Australia, Japan, Thailand, China and New Zealand.
The Singaporean government offers incentives to reinsurers through its OIB scheme, the most widely used tax incentive in the country's insurance industry.
Singaporean insurance companies writing offshore business were left exposed and incurred considerable losses due to these natural disasters, and only recorded moderate growth during the review period.
The reinsurance segment is highly competitive, and acts as a hub for international insurance providers. It is the main reinsurance segment of the Association of South-East Asian Nations (ASEAN), and is heavily dependent on offshore business.