According to the customer satisfaction index of Singapore in 2021, 47.1 percent of the respondents preferred to purchase their insurance from a financial advisor or sales representative, declining from 51.6 percent in 2020. In comparison, respondents' preference for purchasing similar policies from websites increased from 24 percent to 27.9 percent between 2020 and 2021.
Preferred channel to purchase insurance in Singapore from 2020 to 2021, by type
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Statistics on Insurance industry in Singapore
Overview
4
- Premium Statistic GDP of the finance and insurance industry in Singapore 2012-2021
- Premium Statistic Export value of insurance services from Singapore to Asia 2000-2020
- Premium Statistic Insurance gross premiums written Singapore 2014-2021
- Premium Statistic Insurance gross premiums value Singapore 2021 by type
Key indicators
4
Life insurance
5
- Basic Statistic Life insurance policies in force in Singapore 2011-2020
- Premium Statistic Health insurance gross premiums written Singapore 2014-2021
- Premium Statistic Health insurance underwriting profit Singapore 2014-2021
- Premium Statistic Personal accident insurance underwriting profit Singapore 2018-2021
- Premium Statistic Personal accident insurance gross premiums written Singapore 2018-2021
Non-life insurance
6
- Premium Statistic Motor insurance gross premiums written Singapore 2014-2021
- Premium Statistic Property insurance gross premiums written Singapore 2017-2021
- Premium Statistic Employers’ liability insurance gross premiums written Singapore 2017-2021
- Premium Statistic Marine cargo insurance gross premiums written Singapore 2014-2021
- Premium Statistic Marine hull insurance gross premiums written Singapore 2014-2021
- Premium Statistic Travel insurance gross premiums written Singapore 2018-2021
Consumer perspective
6
- Premium Statistic Preferred insurance product features APAC 2021, by country
- Premium Statistic Insurance customer satisfaction Singapore 2021, by insurers
- Premium Statistic Preferred purchasing channels of insurance Singapore 2020-2021
- Premium Statistic Preferred channel to purchase insurance Singapore 2020-2021, by type
- Premium Statistic Leading reasons for considering life insurance among millennials Singapore 2021
- Premium Statistic Leading reasons for not purchasing life insurance among millennials Singapore 2021
Further related statistics
21
- Life insurance company customer satisfaction index South Korea 2021
- Preferred purchasing channels of insurance Singapore 2020-2021
- Insurance customer satisfaction Singapore 2021, by insurers
- Number of employees in the insurance industry in the U.S. 1960-2021
- Health insurance home-office employees in the U.S. 1960-2021
- Estimated size of the global insurance market 2021-2022, with forecasts up until 2026
- Number of insurance companies in the UK 2014 vs 2022, by sector
- Largest life insurance companies globally October 2022, by market capitalization
- Leading insurance companies worldwide September 2022, by market capitalization
- Leading insurance brokers worldwide 2021, by revenue
- Leading insurance companies globally 2021, by revenue
- Leading insurance companies traded on LSE 2022, by number of employees
- Assets of insurance companies worldwide 2002-2021
- GDP share of insurance Philippines 2016-2020
- Largest U.S. life insurance companies 2021, by total direct life insurance premiums
- Total assets of insurance corporations in select European countries 2017-2021
- Life and non-life insurance penetration in selected regions globally 2021
- Average car insurance cost in the UK 2022, by age
- Market share of leading U.S. health insurance companies 2021, by direct premiums
- Total revenue of U.S. life/annuity insurance industry 2009-2021
- Number of employees in the U.S. property and casualty insurance industry 2005-2021
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Singapore Management University. (March 30, 2022). Preferred channel to purchase insurance in Singapore from 2020 to 2021, by type [Graph]. In Statista. Retrieved February 05, 2023, from https://www.statista.com/statistics/1316474/singapore-customer-preference-for-insurance-purchase-by-type/
Singapore Management University. "Preferred channel to purchase insurance in Singapore from 2020 to 2021, by type." Chart. March 30, 2022. Statista. Accessed February 05, 2023. https://www.statista.com/statistics/1316474/singapore-customer-preference-for-insurance-purchase-by-type/
Singapore Management University. (2022). Preferred channel to purchase insurance in Singapore from 2020 to 2021, by type. Statista. Statista Inc.. Accessed: February 05, 2023. https://www.statista.com/statistics/1316474/singapore-customer-preference-for-insurance-purchase-by-type/
Singapore Management University. "Preferred Channel to Purchase Insurance in Singapore from 2020 to 2021, by Type." Statista, Statista Inc., 30 Mar 2022, https://www.statista.com/statistics/1316474/singapore-customer-preference-for-insurance-purchase-by-type/
Singapore Management University, Preferred channel to purchase insurance in Singapore from 2020 to 2021, by type Statista, https://www.statista.com/statistics/1316474/singapore-customer-preference-for-insurance-purchase-by-type/ (last visited February 05, 2023)
Preferred channel to purchase insurance in Singapore from 2020 to 2021, by type [Graph], Singapore Management University, March 30, 2022. [Online]. Available: https://www.statista.com/statistics/1316474/singapore-customer-preference-for-insurance-purchase-by-type/