In 2023, Singapore's gross premium value by health insurance companies amounted to *** million Singapore dollars. This represents an increase compared to the previous year, and a steady rise since 2017.

In 2023, the underwriting profit of health insurers in Singapore decreased to a minus of **** million Singapore dollars. This follows a plus of **** million Singapore dollars in the previous year.

Comprehensive premium comparison data for Singapore health insurance providers by age, gender, and smoking status

Singapore Consumer Price Index (CPI): Health Care: Health Insurance data was reported at 120.906 2019=100 in Dec 2024. This stayed constant from the previous number of 120.906 2019=100 for Nov 2024. Singapore Consumer Price Index (CPI): Health Care: Health Insurance data is updated monthly, averaging 97.417 2019=100 from Jan 2004 (Median) to Dec 2024, with 252 observations. The data reached an all-time high of 120.906 2019=100 in Dec 2024 and a record low of 84.753 2019=100 in Dec 2007. Singapore Consumer Price Index (CPI): Health Care: Health Insurance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I006: Consumer Price Index: 2019=100.

Singapore SG: Domestic Private Health Expenditure: % of Current Health Expenditure data was reported at 48.124 % in 2015. This records a decrease from the previous number of 49.048 % for 2014. Singapore SG: Domestic Private Health Expenditure: % of Current Health Expenditure data is updated yearly, averaging 62.810 % from Dec 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 72.115 % in 2001 and a record low of 48.124 % in 2015. Singapore SG: Domestic Private Health Expenditure: % of Current Health Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Health Statistics. Share of current health expenditures funded from domestic private sources. Domestic private sources include funds from households, corporations and non-profit organizations. Such expenditures can be either prepaid to voluntary health insurance or paid directly to healthcare providers.; ; World Health Organization Global Health Expenditure database (http://apps.who.int/nha/database).; Weighted average;

Singapore SG: Domestic General Government Health Expenditure: % of Current Health Expenditure data was reported at 51.876 % in 2015. This records an increase from the previous number of 50.952 % for 2014. Singapore SG: Domestic General Government Health Expenditure: % of Current Health Expenditure data is updated yearly, averaging 37.190 % from Dec 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 51.876 % in 2015 and a record low of 27.885 % in 2001. Singapore SG: Domestic General Government Health Expenditure: % of Current Health Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Health Statistics. Share of current health expenditures funded from domestic public sources for health. Domestic public sources include domestic revenue as internal transfers and grants, transfers, subsidies to voluntary health insurance beneficiaries, non-profit institutions serving households (NPISH) or enterprise financing schemes as well as compulsory prepayment and social health insurance contributions. They do not include external resources spent by governments on health.; ; World Health Organization Global Health Expenditure database (http://apps.who.int/nha/database).; Weighted average;

In 2023, the gross written premium value of motor insurance in Singapore amounted to about **** billion Singapore dollars. This value ranked first among the different types of insurance. Health insurance followed in second place with a gross written premium value of **** billion Singapore dollars. Motor insurance in Singapore   For motor vehicle owners in Singapore, it is mandatory to purchase insurance with a licensed insurer to cover death or injury to any person while driving the vehicle. In addition, comprehensive policies can be purchased to cover damage to the vehicle or personal injury. In Singapore, about 39 thousand motor vehicles were sold in 2023. The total motor vehicle population reached about *** thousand units during the same year. Life insurance in Singapore The life insurance penetration rate stood at *** percent in Singapore, with life premiums amounting to **** billion Singapore dollars in 2023. The domestic market leaders are Great Eastern Life, Prudential Assurance, AIA Singapore, ManuLife, and NTUC Income Insurance. Compared to the previous year, the number of enforced new life insurance policies increased significantly. Additionally, health insurance companies recorded the highest underwriting profit among life insurance companies.

Singapore's booming cybersecurity insurance market, projected to reach $223.62 million by 2033 with a 9.85% CAGR, is driven by rising cyber threats and government regulations. Learn about key players, market trends, and future growth potential in this comprehensive analysis. Recent developments include: April 2023: Asian insurance company FWD Singapore announced the expansion of its home insurance coverage by protecting homeowners from cyber fraud through its complimentary FWD cyber insurance. FWD Cyber insurance provides coverage for some of the most common scams, up to USD 3739.50 in coverage for financial loss arising directly from an online marketplace fraud, and up to USD 3739.50 in coverage for financial loss to customers' bank accounts or digital wallets arising directly from a cyber event., March 2022: Chubb acquired renewal rights of DUAL Asia's Financial Lines portfolios in Hong Kong SAR and Singapore. Chubb purchased the business assets, including the intellectual property and underwriting models. The parties took over DUAL's client portfolio renewal rights, effective from 18 June 2022.. Notable trends are: Data Breaches and Loss of Confidential Information is Driving the Market.

In 2023, Singapore's gross premium value by employers’ liability companies amounted to ***** million Singapore dollars. This represents a slight increase compared to the previous year and a steady rise since 2017.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_a5b3a08c9f0326a24ef2459a84ee97c0/view

Singapore Consumer Price Index (CPI): sa: Health: Health Insurance data was reported at 104.856 2024=100 in Mar 2025. This stayed constant from the previous number of 104.856 2024=100 for Feb 2025. Singapore Consumer Price Index (CPI): sa: Health: Health Insurance data is updated monthly, averaging 83.721 2024=100 from Jan 2005 (Median) to Mar 2025, with 243 observations. The data reached an all-time high of 105.079 2024=100 in Jan 2025 and a record low of 72.838 2024=100 in Dec 2007. Singapore Consumer Price Index (CPI): sa: Health: Health Insurance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I004: Consumer Price Index: 2024=100: Seasonally Adjusted.

According to a survey in Singapore as of July 2022, about ***** percent of respondents stated that they owned health insurance. In comparison, around ** percent of the surveyed Singaporean consumers did not own any type of insurance.

Singapore SG: Domestic Private Health Expenditure Per Capita: Current Price data was reported at 0.001 USD mn in 2015. This records an increase from the previous number of 0.001 USD mn for 2014. Singapore SG: Domestic Private Health Expenditure Per Capita: Current Price data is updated yearly, averaging 0.001 USD mn from Dec 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 0.001 USD mn in 2013 and a record low of 0.001 USD mn in 2001. Singapore SG: Domestic Private Health Expenditure Per Capita: Current Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Health Statistics. Current private expenditures on health per capita expressed in current US dollars. Domestic private sources include funds from households, corporations and non-profit organizations. Such expenditures can be either prepaid to voluntary health insurance or paid directly to healthcare providers.; ; World Health Organization Global Health Expenditure database (http://apps.who.int/nha/database).; Weighted Average;

Singapore Consumer Price Index (CPI): Health: Medical Health Insurance data was reported at 105.464 2004=100 in Dec 2009. This stayed constant from the previous number of 105.464 2004=100 for Nov 2009. Singapore Consumer Price Index (CPI): Health: Medical Health Insurance data is updated monthly, averaging 99.997 2004=100 from Jul 2003 (Median) to Dec 2009, with 78 observations. The data reached an all-time high of 105.464 2004=100 in Dec 2009 and a record low of 99.278 2004=100 in Jun 2007. Singapore Consumer Price Index (CPI): Health: Medical Health Insurance data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I009: Consumer Price Index: 2004=100.

Singapore SG: UHC Service Coverage Index data was reported at 86.000 % in 2017. This records an increase from the previous number of 85.000 % for 2015. Singapore SG: UHC Service Coverage Index data is updated yearly, averaging 85.500 % from Dec 2015 (Median) to 2017, with 2 observations. The data reached an all-time high of 86.000 % in 2017 and a record low of 85.000 % in 2015. Singapore SG: UHC Service Coverage Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Health Statistics. Coverage index for essential health services (based on tracer interventions that include reproductive, maternal, newborn and child health, infectious diseases, noncommunicable diseases and service capacity and access). It is presented on a scale of 0 to 100.; ; World Health Organization, Global Health Observatory Data Repository (https://www.who.int/data/gho).; Weighted average;

Singapore Consumer Price Index (CPI): IL: Middle 60%: Health Care: Health Insurance data was reported at 117.194 2019=100 in Dec 2024. This records an increase from the previous number of 113.219 2019=100 for Jun 2024. Singapore Consumer Price Index (CPI): IL: Middle 60%: Health Care: Health Insurance data is updated semiannually, averaging 100.000 2019=100 from Jun 2014 (Median) to Dec 2024, with 22 observations. The data reached an all-time high of 117.194 2019=100 in Dec 2024 and a record low of 97.483 2019=100 in Dec 2015. Singapore Consumer Price Index (CPI): IL: Middle 60%: Health Care: Health Insurance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I022: Consumer Price Index: By Income Levels: 2019=100.

Singapore SG: Antiretroviral Therapy Coverage: % of People Living with HIV data was reported at 77.000 % in 2017. This records an increase from the previous number of 75.000 % for 2016. Singapore SG: Antiretroviral Therapy Coverage: % of People Living with HIV data is updated yearly, averaging 17.000 % from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 77.000 % in 2017 and a record low of 2.000 % in 2003. Singapore SG: Antiretroviral Therapy Coverage: % of People Living with HIV data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Health Statistics. Antiretroviral therapy coverage indicates the percentage of all people living with HIV who are receiving antiretroviral therapy.; ; UNAIDS estimates.; Weighted average;

Singapore Consumer Price Index (CPI): Weights: Health Care: Medical Health Insurance data was reported at 0.800 % in 2014. This stayed constant from the previous number of 0.800 % for 2013. Singapore Consumer Price Index (CPI): Weights: Health Care: Medical Health Insurance data is updated yearly, averaging 0.800 % from Dec 2004 (Median) to 2014, with 11 observations. The data reached an all-time high of 0.800 % in 2014 and a record low of 0.800 % in 2014. Singapore Consumer Price Index (CPI): Weights: Health Care: Medical Health Insurance data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I007: Consumer Price Index: 2009=100: Weights: Annual.

Singapore Consumer Price Index (CPI): IL: Highest 20%: Health Care: Health Insurance data was reported at 123.930 2019=100 in Dec 2024. This records an increase from the previous number of 117.468 2019=100 for Jun 2024. Singapore Consumer Price Index (CPI): IL: Highest 20%: Health Care: Health Insurance data is updated semiannually, averaging 100.000 2019=100 from Jun 2014 (Median) to Dec 2024, with 22 observations. The data reached an all-time high of 123.930 2019=100 in Dec 2024 and a record low of 97.865 2019=100 in Dec 2014. Singapore Consumer Price Index (CPI): IL: Highest 20%: Health Care: Health Insurance data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I022: Consumer Price Index: By Income Levels: 2019=100.

In 2023, Singapore dominated the ranking of the world's health and health systems, followed by Japan and South Korea. The health index score is calculated by evaluating various indicators that assess the health of the population, and access to the services required to sustain good health, including health outcomes, health systems, sickness and risk factors, and mortality rates. The health and health system index score of the top ten countries with the best healthcare system in the world ranged between 82 and 86.9, measured on a scale of zero to 100.

Global Health Security Index  Numerous health and health system indexes have been developed to assess various attributes and aspects of a nation's healthcare system. One such measure is the Global Health Security (GHS) index. This index evaluates the ability of 195 nations to identify, assess, and mitigate biological hazards in addition to political and socioeconomic concerns, the quality of their healthcare systems, and their compliance with international finance and standards. In 2021, the United States was ranked at the top of the GHS index, but due to multiple reasons, the U.S. government failed to effectively manage the COVID-19 pandemic. The GHS Index evaluates capability and identifies preparation gaps; nevertheless, it cannot predict a nation's resource allocation in case of a public health emergency.

Universal Health Coverage Index  Another health index that is used globally by the members of the United Nations (UN) is the universal health care (UHC) service coverage index. The UHC index monitors the country's progress related to the sustainable developmental goal (SDG) number three. The UHC service coverage index tracks 14 indicators related to reproductive, maternal, newborn, and child health, infectious diseases, non-communicable diseases, service capacity, and access to care. The main target of universal health coverage is to ensure that no one is denied access to essential medical services due to financial hardships. In 2021, the UHC index scores ranged from as low as 21 to a high score of 91 across 194 countries.