Jul 28, 2022

News provided by Share this article Share this article NEW YORK, July 28, 2022 /PRNewswire/ -- The Life Annuity Insurance Market in Singapore  is expected to witness a potential growth variance of USD 570.00 million at a decelerating CAGR of 3.22% during the forecast period. The life annuity insurance market in Singapore report also offers information on several market vendors, including Allianz Group, AXA Group, Berkshire Hathaway Inc., China Life Insurance (Singapore) Pte. Ltd, China Taiping Insurance Holdings Co. Ltd., Generali Group, HSBC Holdings Plc, Legal and General Group PLC, Munich Reinsurance Co., and Prudential Financial Inc. among others. Technavio has announced its latest market research report titled Life Annuity Insurance Market in Singapore Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 This report extensively covers the life annuity insurance market in Singapore segmentation by Distribution channel (online and offline) and Type (life (risk premium), Life (coinsurance, accident and health, disability income, and others) Read the 120-page report with TOC on "Life Annuity Insurance Market in Singapore Analysis Report by Distribution channel and Type, Life, and the Segment Forecasts,2022-2026". Request Sample Report. Major Life Annuity Insurance in Singapore Companies: Allianz Group Munich Reinsurance Co. Prudential Financial Inc. Technavio's sample reports contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Buy sample report Key Market Driver One of the main factors promoting the expansion of the Singapore life annuity insurance industry is the rising demand for insurance coverage. Insurance brokerage firms have been under pressure to develop effective sales methods, actuarial models, and pricing strategies as a result of a change in consumer demographics. The demand for insurance products has expanded as a result of the supply of security services and individualized financial services to customers. In Singapore, the market for life annuity insurance is thus anticipated to increase as a result of the increasing demand for insurance products during the forecasted period. Key Market Segmentation Singapore's online segment will significantly increase its market share for life annuity insurance. The market's expansion will be aided by the online sector. But the offline sector will also fuel market expansion. Sales channels in the offline distribution network include insurance companies and salespeople. Sales agents for an insurance provider receive commissions for each policy they sell. They are able to establish trust with people, insurance companies, and their policies with ease. During the projection period, these factors will fuel market expansion. Download Sample Report. Related Reports: Cardless ATM Market by Type and Geography - Forecast and Analysis 2022-2026:  The cardless ATM market share is expected to increase to USD 2.11 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.93%. Swimming Pool Market by Revenue Source and Geography - Forecast and Analysis 2022-2026 : The swimming pool market share is expected to increase to USD 4.60 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.67%. Life Annuity Insurance Market Scope in Singapore Report Coverage                 6.2 Comparison by Type                           6.3 Life (Risk Premium) - Market size and forecast 2021-2026                                   Exhibit 29:  Life (Risk Premium) - Market size and forecast 2021-2026 ($ million)                                 Exhibit 30:  Life (Risk Premium) - Year-over-year growth 2021-2026 (%)                 6.4 Life (Coinsurance) - Market size and forecast 2021-2026                                      Exhibit 31:  Life (Coinsurance) - Market size and forecast 2021-2026 ($ million)                                 Exhibit 32:  Life (Coinsurance) - Year-over-year growth 2021-2026 (%)                 6.5 Accident and health - Market size and forecast 2021-2026                                  Exhibit 33:  Accident and health - Market size and forecast 2021-2026 ($ million)                                 Exhibit 34:  Accident and health - Year-over-year growth 2021-2026 (%)                 6.6 Disability income - Market size and forecast 2021-2026                                        Exhibit 35:  Disability income - Market size and forecast 2021-2026 ($ million)                                 Exhibit 36:  Disability income - Year-over-year growth 2021-2026 (%)                 6.7 Others - Market size and forecast 2021-2026                                            Exhibit 37:  Others - Market size and forecast 2021-2026 ($ million)                                 Exhibit 38:  Others - Year-over-year growth 2021-2026 (%)                 6.8 Market opportunity by Type                                           Exhibit 39:  Market opportunity by Type 7. Customer landscape                                                       Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria                 7.1 Overview                                 Exhibit 46: Market positioning of vendors                 10.3 Allianz Group                                      Exhibit 48:  Allianz Group - Business segments                                 Exhibit 49:  Allianz Group - Key offerings                                 Exhibit 50:  Allianz Group - Segment focus                 10.4 AXA Group                                           Exhibit 52:  AXA Group - Business segments                                 Exhibit 53:  AXA Group - Key offerings                                 Exhibit 54:  AXA Group - Segment focus                 10.5 Berkshire Hathaway Inc.                                 Exhibit 56:  Berkshire Hathaway Inc. - Business segments                                 Exhibit 57:  Berkshire Hathaway Inc. - Key offerings                                 Exhibit 58:  Berkshire Hathaway Inc. - Segment focus                 10.6 China Life Insurance (Singapore) Pte. Ltd                                 Exhibit 59:  China Life Insurance (Singapore) Pte. Ltd - Overview                                 Exhibit 60:  China Life Insurance (Singapore) Pte. Ltd - Product and service                                 Exhibit 61:  China Life Insurance (Singapore) Pte. Ltd - Key offerings                 10.7 China Taiping Insurance Holdings Co. Ltd.                                               Exhibit 62:  China Taiping Insurance Holdings Co. Ltd. - Overview                                 Exhibit 63:  China Taiping Insurance Holdings Co. Ltd. - Business segments                                 Exhibit 64:  China Taiping Insurance Holdings Co. Ltd. - Key offerings                                 Exhibit 65:  China Taiping Insurance Holdings Co. Ltd. - Segment focus                 10.8 Generali Group                                   Exhibit 67:  Generali Group - Business segments                                 Exhibit 68:  Generali Group - Key offerings                                 Exhibit 69:  Generali Group - Segment focus                 10.9 HSBC Holdings Plc                                              Exhibit 71:  HSBC Holdings Plc - Business segments                                 Exhibit 72:  HSBC Holdings Plc - Key offerings                                 Exhibit 73:  HSBC Holdings Plc - Segment focus                 10.10 Legal and General Group PLC                                     Exhibit 74:  Legal and General Group PLC - Overview                                 Exhibit 75:  Legal and General Group PLC - Business segments                                 Exhibit 76:  Legal and General Group PLC - Key offerings                                 Exhibit 77:  Legal and General Group PLC - Segment focus                 10.11 Munich Reinsurance Co.                                              Exhibit 79:  Munich Reinsurance Co. - Business segments                                 Exhibit 80:  Munich Reinsurance Co. - Key offerings                                 Exhibit 81:  Munich Reinsurance Co. - Segment focus                 10.12 Prudential Financial Inc.                                               Exhibit 83:  Prudential Financial Inc. - Business segments                                 Exhibit 84:  Prudential Financial Inc. - Key offerings                                 Exhibit 85:  Prudential Financial Inc. - Segment focus 11. Appendix                                             11.1.1 Market definition                                 Exhibit 89:  Information sources About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts