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PUBLISHER: TechNavio | PRODUCT CODE: 1626102
PUBLISHER: TechNavio | PRODUCT CODE: 1626102
Life Annuity Insurance Market in Singapore 2024-2028
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PAGES: 141 Pages
DELIVERY TIME: 1-2 business days
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The life annuity insurance market in singapore is forecasted to grow by USD 603.3 mn during 2023-2028, accelerating at a CAGR of 3.4% during the forecast period. The 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, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for insurance policies, increasing government regulations on mandatory insurance coverage, and growing hospital insurance programs.
Technavio's life annuity insurance market in singapore is segmented as below:
| Market Scope | |
|---|---|
| Base Year | 2024 |
| End Year | 2028 |
| Series Year | 2024-2028 |
| Growth Momentum | Accelerate |
| YOY 2024 | 3.3% |
| CAGR | 3.4% |
| Incremental Value | $603.3 mn |
By Type
- Life (risk premium)
- Life (coinsurance)
- Accident and health
- Disability income
- Others
By Distribution Channel
- Offline
- Online
By Geographical Landscape
- APAC
This study identifies the popularity of microinsurance among insurance companies as one of the prime reasons driving the life annuity insurance market in singapore growth during the next few years. Also, integration of it and analytic solutions and emergence of digital marketing platform will lead to sizable demand in the market.
The report on the life annuity insurance market in singapore covers the following areas:
- Life Annuity Insurance Market in Singapore sizing
- Life Annuity Insurance Market in Singapore forecast
- Life Annuity Insurance Market in Singapore industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading life annuity insurance market in singapore vendors that include Allianz SE, Assicurazioni Generali S.p.A., AXA Group, Berkshire Hathaway Inc., China Life Insurance (Singapore) Pte. Ltd, China Taiping Insurance Holdings Co. Ltd., HSBC Holdings Plc, Legal and General Group PLC, Lemonade Inc., Munich Reinsurance Co., Nippon Life Insurance Co., and Pruco Life Insurance Company. Also, the life annuity insurance market in singapore analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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.
The publisher 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Product Code: IRTNTR72345
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
- Value Chain Analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2023
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Singapore - Market size and forecast 2023-2028 ($ million)
- Data Table on Singapore - Market size and forecast 2023-2028 ($ million)
- Chart on Singapore: Year-over-year growth 2023-2028 (%)
- Data Table on Singapore: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Life Annuity Insurance Market in Singapore 2018 - 2022
- Historic Market Size - Data Table on Life Annuity Insurance Market in Singapore 2018 - 2022 ($ million)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 5.3 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
- 6.1 The impact of AI in Life Annuity Insurance Market in Singapore
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Life (risk premium) - Market size and forecast 2023-2028
- Chart on Life (risk premium) - Market size and forecast 2023-2028 ($ million)
- Data Table on Life (risk premium) - Market size and forecast 2023-2028 ($ million)
- Chart on Life (risk premium) - Year-over-year growth 2023-2028 (%)
- Data Table on Life (risk premium) - Year-over-year growth 2023-2028 (%)
- 8.4 Life (coinsurance) - Market size and forecast 2023-2028
- Chart on Life (coinsurance) - Market size and forecast 2023-2028 ($ million)
- Data Table on Life (coinsurance) - Market size and forecast 2023-2028 ($ million)
- Chart on Life (coinsurance) - Year-over-year growth 2023-2028 (%)
- Data Table on Life (coinsurance) - Year-over-year growth 2023-2028 (%)
- 8.5 Accident and health - Market size and forecast 2023-2028
- Chart on Accident and health - Market size and forecast 2023-2028 ($ million)
- Data Table on Accident and health - Market size and forecast 2023-2028 ($ million)
- Chart on Accident and health - Year-over-year growth 2023-2028 (%)
- Data Table on Accident and health - Year-over-year growth 2023-2028 (%)
- 8.6 Disability income - Market size and forecast 2023-2028
- Chart on Disability income - Market size and forecast 2023-2028 ($ million)
- Data Table on Disability income - Market size and forecast 2023-2028 ($ million)
- Chart on Disability income - Year-over-year growth 2023-2028 (%)
- Data Table on Disability income - Year-over-year growth 2023-2028 (%)
- 8.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 8.8 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Distribution Channel
- 9.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
- 9.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 9.3 Offline - Market size and forecast 2023-2028
- Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Chart on Offline - Year-over-year growth 2023-2028 (%)
- Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 9.4 Online - Market size and forecast 2023-2028
- Chart on Online - Market size and forecast 2023-2028 ($ million)
- Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Chart on Online - Year-over-year growth 2023-2028 (%)
- Data Table on Online - Year-over-year growth 2023-2028 (%)
- 9.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
- 11.1 Market drivers
- 11.2 Market challenges
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.1 Overview
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.1 Companies profiled
- Companies covered
- 13.2 Company ranking index
- Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Allianz SE
- Allianz SE - Overview
- Allianz SE - Business segments
- Allianz SE - Key news
- Allianz SE - Key offerings
- Allianz SE - Segment focus
- SWOT
- 13.5 Assicurazioni Generali S.p.A.
- Assicurazioni Generali S.p.A. - Overview
- Assicurazioni Generali S.p.A. - Business segments
- Assicurazioni Generali S.p.A. - Key offerings
- Assicurazioni Generali S.p.A. - Segment focus
- SWOT
- 13.6 AXA Group
- AXA Group - Overview
- AXA Group - Business segments
- AXA Group - Key news
- AXA Group - Key offerings
- AXA Group - Segment focus
- SWOT
- 13.7 Berkshire Hathaway Inc.
- Berkshire Hathaway Inc. - Overview
- Berkshire Hathaway Inc. - Business segments
- Berkshire Hathaway Inc. - Key news
- Berkshire Hathaway Inc. - Key offerings
- Berkshire Hathaway Inc. - Segment focus
- SWOT
- 13.8 China Life Insurance (Singapore) Pte. Ltd
- China Life Insurance (Singapore) Pte. Ltd - Overview
- China Life Insurance (Singapore) Pte. Ltd - Product / Service
- China Life Insurance (Singapore) Pte. Ltd - Key offerings
- SWOT
- 13.9 China Taiping Insurance Holdings Co. Ltd.
- China Taiping Insurance Holdings Co. Ltd. - Overview
- China Taiping Insurance Holdings Co. Ltd. - Business segments
- China Taiping Insurance Holdings Co. Ltd. - Key news
- China Taiping Insurance Holdings Co. Ltd. - Key offerings
- China Taiping Insurance Holdings Co. Ltd. - Segment focus
- SWOT
- 13.10 HSBC Holdings Plc
- HSBC Holdings Plc - Overview
- HSBC Holdings Plc - Business segments
- HSBC Holdings Plc - Key news
- HSBC Holdings Plc - Key offerings
- HSBC Holdings Plc - Segment focus
- SWOT
- 13.11 Legal and General Group PLC
- Legal and General Group PLC - Overview
- Legal and General Group PLC - Business segments
- Legal and General Group PLC - Key offerings
- Legal and General Group PLC - Segment focus
- SWOT
- 13.12 Munich Reinsurance Co.
- Munich Reinsurance Co. - Overview
- Munich Reinsurance Co. - Business segments
- Munich Reinsurance Co. - Key news
- Munich Reinsurance Co. - Key offerings
- Munich Reinsurance Co. - Segment focus
- SWOT
- 13.13 Pruco Life Insurance Company
- Pruco Life Insurance Company - Overview
- Pruco Life Insurance Company - Product / Service
- Pruco Life Insurance Company - Key offerings
- SWOT
14 Appendix
- 14.1 Scope of the report
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- Research methodology
- 14.5 Data procurement
- Information sources
- 14.6 Data validation
- Data validation
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.8 Data synthesis
- Data synthesis
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
- List of abbreviations
Product Code: IRTNTR72345
Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Country Market Characteristics
- Exhibits4: Executive Summary - Chart on Market Segmentation by Type
- Exhibits5: Executive Summary - Chart on Market Segmentation by Distribution Channel
- Exhibits6: Executive Summary - Chart on Company Market Positioning
- Exhibits7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits8: Overview on criticality of inputs and factors of differentiation
- Exhibits9: Overview on factors of disruption
- Exhibits10: Impact of drivers and challenges in 2023 and 2028
- Exhibits11: Parent Market
- Exhibits12: Data Table on - Parent Market
- Exhibits13: Market characteristics analysis
- Exhibits14: Value Chain Analysis
- Exhibits15: Offerings of companies included in the market definition
- Exhibits16: Market segments
- Exhibits17: Chart on Singapore - Market size and forecast 2023-2028 ($ million)
- Exhibits18: Data Table on Singapore - Market size and forecast 2023-2028 ($ million)
- Exhibits19: Chart on Singapore: Year-over-year growth 2023-2028 (%)
- Exhibits20: Data Table on Singapore: Year-over-year growth 2023-2028 (%)
- Exhibits21: Historic Market Size - Data Table on Life Annuity Insurance Market in Singapore 2018 - 2022 ($ million)
- Exhibits22: Historic Market Size - Type Segment 2018 - 2022 ($ million)
- Exhibits23: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
- Exhibits24: Five forces analysis - Comparison between 2023 and 2028
- Exhibits25: Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits26: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits28: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits29: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits30: Chart on Market condition - Five forces 2023 and 2028
- Exhibits31: Chart on Type - Market share 2023-2028 (%)
- Exhibits32: Data Table on Type - Market share 2023-2028 (%)
- Exhibits33: Chart on Comparison by Type
- Exhibits34: Data Table on Comparison by Type
- Exhibits35: Chart on Life (risk premium) - Market size and forecast 2023-2028 ($ million)
- Exhibits36: Data Table on Life (risk premium) - Market size and forecast 2023-2028 ($ million)
- Exhibits37: Chart on Life (risk premium) - Year-over-year growth 2023-2028 (%)
- Exhibits38: Data Table on Life (risk premium) - Year-over-year growth 2023-2028 (%)
- Exhibits39: Chart on Life (coinsurance) - Market size and forecast 2023-2028 ($ million)
- Exhibits40: Data Table on Life (coinsurance) - Market size and forecast 2023-2028 ($ million)
- Exhibits41: Chart on Life (coinsurance) - Year-over-year growth 2023-2028 (%)
- Exhibits42: Data Table on Life (coinsurance) - Year-over-year growth 2023-2028 (%)
- Exhibits43: Chart on Accident and health - Market size and forecast 2023-2028 ($ million)
- Exhibits44: Data Table on Accident and health - Market size and forecast 2023-2028 ($ million)
- Exhibits45: Chart on Accident and health - Year-over-year growth 2023-2028 (%)
- Exhibits46: Data Table on Accident and health - Year-over-year growth 2023-2028 (%)
- Exhibits47: Chart on Disability income - Market size and forecast 2023-2028 ($ million)
- Exhibits48: Data Table on Disability income - Market size and forecast 2023-2028 ($ million)
- Exhibits49: Chart on Disability income - Year-over-year growth 2023-2028 (%)
- Exhibits50: Data Table on Disability income - Year-over-year growth 2023-2028 (%)
- Exhibits51: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibits52: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibits53: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibits54: Data Table on Others - Year-over-year growth 2023-2028 (%)
- Exhibits55: Market opportunity by Type ($ million)
- Exhibits56: Data Table on Market opportunity by Type ($ million)
- Exhibits57: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibits58: Data Table on Distribution Channel - Market share 2023-2028 (%)
- Exhibits59: Chart on Comparison by Distribution Channel
- Exhibits60: Data Table on Comparison by Distribution Channel
- Exhibits61: Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibits62: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibits63: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibits64: Data Table on Offline - Year-over-year growth 2023-2028 (%)
- Exhibits65: Chart on Online - Market size and forecast 2023-2028 ($ million)
- Exhibits66: Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Exhibits67: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibits68: Data Table on Online - Year-over-year growth 2023-2028 (%)
- Exhibits69: Market opportunity by Distribution Channel ($ million)
- Exhibits70: Data Table on Market opportunity by Distribution Channel ($ million)
- Exhibits71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits72: Impact of drivers and challenges in 2023 and 2028
- Exhibits73: Overview on criticality of inputs and factors of differentiation
- Exhibits74: Overview on factors of disruption
- Exhibits75: Impact of key risks on business
- Exhibits76: Companies covered
- Exhibits77: Company ranking index
- Exhibits78: Matrix on companies position and classification
- Exhibits79: Allianz SE - Overview
- Exhibits80: Allianz SE - Business segments
- Exhibits81: Allianz SE - Key news
- Exhibits82: Allianz SE - Key offerings
- Exhibits83: Allianz SE - Segment focus
- Exhibits84: SWOT
- Exhibits85: Assicurazioni Generali S.p.A. - Overview
- Exhibits86: Assicurazioni Generali S.p.A. - Business segments
- Exhibits87: Assicurazioni Generali S.p.A. - Key offerings
- Exhibits88: Assicurazioni Generali S.p.A. - Segment focus
- Exhibits89: SWOT
- Exhibits90: AXA Group - Overview
- Exhibits91: AXA Group - Business segments
- Exhibits92: AXA Group - Key news
- Exhibits93: AXA Group - Key offerings
- Exhibits94: AXA Group - Segment focus
- Exhibits95: SWOT
- Exhibits96: Berkshire Hathaway Inc. - Overview
- Exhibits97: Berkshire Hathaway Inc. - Business segments
- Exhibits98: Berkshire Hathaway Inc. - Key news
- Exhibits99: Berkshire Hathaway Inc. - Key offerings
- Exhibits100: Berkshire Hathaway Inc. - Segment focus
- Exhibits101: SWOT
- Exhibits102: China Life Insurance (Singapore) Pte. Ltd - Overview
- Exhibits103: China Life Insurance (Singapore) Pte. Ltd - Product / Service
- Exhibits104: China Life Insurance (Singapore) Pte. Ltd - Key offerings
- Exhibits105: SWOT
- Exhibits106: China Taiping Insurance Holdings Co. Ltd. - Overview
- Exhibits107: China Taiping Insurance Holdings Co. Ltd. - Business segments
- Exhibits108: China Taiping Insurance Holdings Co. Ltd. - Key news
- Exhibits109: China Taiping Insurance Holdings Co. Ltd. - Key offerings
- Exhibits110: China Taiping Insurance Holdings Co. Ltd. - Segment focus
- Exhibits111: SWOT
- Exhibits112: HSBC Holdings Plc - Overview
- Exhibits113: HSBC Holdings Plc - Business segments
- Exhibits114: HSBC Holdings Plc - Key news
- Exhibits115: HSBC Holdings Plc - Key offerings
- Exhibits116: HSBC Holdings Plc - Segment focus
- Exhibits117: SWOT
- Exhibits118: Legal and General Group PLC - Overview
- Exhibits119: Legal and General Group PLC - Business segments
- Exhibits120: Legal and General Group PLC - Key offerings
- Exhibits121: Legal and General Group PLC - Segment focus
- Exhibits122: SWOT
- Exhibits123: Munich Reinsurance Co. - Overview
- Exhibits124: Munich Reinsurance Co. - Business segments
- Exhibits125: Munich Reinsurance Co. - Key news
- Exhibits126: Munich Reinsurance Co. - Key offerings
- Exhibits127: Munich Reinsurance Co. - Segment focus
- Exhibits128: SWOT
- Exhibits129: Pruco Life Insurance Company - Overview
- Exhibits130: Pruco Life Insurance Company - Product / Service
- Exhibits131: Pruco Life Insurance Company - Key offerings
- Exhibits132: SWOT
- Exhibits133: Inclusions checklist
- Exhibits134: Exclusions checklist
- Exhibits135: Currency conversion rates for US$
- Exhibits136: Research methodology
- Exhibits137: Information sources
- Exhibits138: Data validation
- Exhibits139: Validation techniques employed for market sizing
- Exhibits140: Data synthesis
- Exhibits141: 360 degree market analysis
- Exhibits142: List of abbreviations
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