Singapore Health Insurance Market

International health insurance offers medical coverage in a particular country or region or even all over the world depending on plan s terms.

Singapore health insurance market. The singapore insurance industry provides a broad range of life health general commercial and reinsurance coverage to individuals and businesses. Welcome to our inaugural state of international health insurance in singapore report. Singapore fintech festival.

Singapore singapore s health insurance sector is expected to expand fourfold by 2020 to reach a total value of us 6 8 billion s 8 7 billion according to a new study by roland berger strategy. A strong regulatory environment and entry of a number of global companies and brokers has seen singapore established as a key regional centre for insurance and reinsurance and domestically the. As an industry first this report offers individuals families groups and companies alike a unique overview of international health insurance in singapore going into 2018.

The health insurance industry is one of the cardinal components of the global economy by virtue of the amount of revenue it generates the extent of the global investment and most prominently the indispensable socio economic role it plays in securing personal and business risk in the event of unforeseen problems. A deductible is the amount that you pay for covered health care services before your insurance plan starts to pay. Quarterly unaudited statistics view quarterly data for life and general insurance including premiums retention ratios new business business in force and net investment income.

If you have opted for a s 5 000 deductible you have to pay the first s 5 000 of covered services yourself if the service goes over the s 5 000 limit then the insurance company pays the remainder. On the global front the world insurance market is dominated by vehicle insurance with the market for motor vehicle insurance is expected to register growth at a read more. Strong demand for insurance of vehicles property health and other insurances across singapore are driving the revenues of insurance companies in the country.

View yearly insurance statistics including key financial indicators industry data and life and general insurance returns. While here at insurance market singapore you can actually buy the policy directly from our website we no redirection needed. Insurance market singapore can easily help you in your claims as you will become a client of us.

Gobear sells a lot of other products like credit cards and loans but insurance market singapore only sells insurance.