Insurance Companies in Singapore

The growth of the financial market in Singapore has congruently developed the insurance industry in the country. According to the Insurance Development Data in the year 2003, the total assets of the Singapore insurance industry has reached $77,406.4 million.
The Monetary Authority of Singapore, Insurance Supervision Division has been acting as the regulatory authority in the insurance business in the country.

Insurance Companies in Singapore
Leading insurance companies in Singapore, on the basis of gross written premiums, are given in the following list:

1. Life Insurance Companies:
   Major life insurance companies in Singapore are as follows:
   • AIA Insurance
   • Great Eastern Life Insurance
   • Aviva Insurance
   • Manu life Insurance
   • AXA Life Singapore
   • HSBC Insurance
   • PRUDENTIAL INSURANCE SINGAPORE: Prudential Insurance Singapore is considered to be one of the leading insurance companies on the basis of factors like gross written premiums. It also issues PruTerm Plans like the PruTerm Basic and the PruTerm Renewable. These plans offer a lot of benefits with regards to use and coverage against various crises.


2. Non-Life Insurance Companies:
   Major non-life insurance companies in Singapore are as follows:
   • American Home Insurance
   • Axa Singapore Insurance
   • India International Insurance
   • Aviva Insurance
   • AIA Insurance
   • Mitsui Sumitomo Insurance
   • Ace Insurance