Deerfield Beach, FL -- (SBWIRE) -- 07/13/2015 -- Synopsis

The report provides in-depth market analysis, information and insights into the Singaporean reinsurance segment, including:

The Singaporean reinsurance segment's growth prospects by reinsurance category
Key trends and drivers for the reinsurance segment
Singaporean reinsurance segment's growth prospects by reinsurance ceded from direct insurance
The competitive landscape in the Singaporean reinsurance segment

Detailed report is available at http://www.marketresearchstore.com/report/reinsurance-in-singapore-key-trends-and-opportunities-to-4668

Executive summary

In terms of gross written premium, the Singaporean reinsurance segment grew at a compound annual growth rate (CAGR) of 8.9% during the review period (2009–2013), partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers. Growth was also supported by increased demand for reinsurance in key offshore markets following floods in Australia, China and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan, all of which made insurers in the affected countries keen to cede a greater proportion of their premium to reinsurers based in Singapore to avoid significant losses through future natural disasters.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Singapore:

It provides historical values for Singapore's reinsurance segment for the report's 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

It offers a detailed analysis of the key categories in Singapore's reinsurance segment, along with market forecasts until 2018.

It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Singaporean its growth prospects.

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Reasons to buy

Make strategic business decisions using in-depth historic and forecast market data related to the Singaporean reinsurance segment and each sector within it

Understand the demand-side dynamics, key market trends and growth opportunities in the Singaporean reinsurance segment

Identify the 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

In terms of gross written premium, the Singaporean reinsurance segment grew at a CAGR of 8.9% during the review period , partially due to increasing risk awareness and expansion of the insurance industry, with insurers ceding a higher percentage of revenue to reinsurers.

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Singapore is rapidly becoming a regional hub for reinsurance, with reinsurers operating in the state generating significant proportions their revenues from overseas markets.

The Singaporean government offers incentives to reinsurers through its Offshore Insurance Business (OIB) scheme, the most widely used tax incentive in Singapore's insurance industry.

Offshore revenues were generated in the wake of significant losses from natural disasters during the review period, such as floods in Australia and Thailand, earthquakes in New Zealand and Japan, and a tsunami in Japan.

Over the forecast period, demand for reinsurance in Singapore is expected to increase due to the rapid development of the country's high-profit-margin insurance industry, which performed strongly during the review period.

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