Motor Insurance in Singapore Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Singapore Motor Insurance Market Share & Industry Overview. The market is segmented by insurance type (third party liability and comprehensive) and by distribution channel (agents, brokers, banks, brokers, online, and other distribution channels). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Motor Insurance in Singapore Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Singapore Motor Insurance Industry Overview

The Singapore Motor Insurance Market is moderately saturated in nature in terms of market share. Some of the major key players operating currently dominate the market. The market is likely to grow during the forecast period due to the rise in sales of motor vehicles and many other factors that are driving the market. Some of the major players in the market are Msig Insurance (Singapore) Pte. Ltd., Tokio Marine Life Insurance Singapore Ltd., The Great Eastern Life Assurance Company Limited, Aviva Ltd, and Liberty Insurance Pte Ltd.

Singapore Motor Insurance Market Leaders

  1. MSIG INSURANCE (SINGAPORE) PTE. LTD.

  2. TOKIO MARINE LIFE INSURANCE SINGAPORE LTD.

  3. THE GREAT EASTERN LIFE ASSURANCE COMPANY LIMITED

  4. AVIVA LTD

  5. LIBERTY INSURANCE PTE LTD

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Motor Insurance Market Concentration