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Sector Analysis
Singapore General Insurance Market Size and Trends by Line of Business, Distribution, Competitive Landscape and Forecast to 2027
Singapore General Insurance Market Report Overview The gross written premium of the Singapore general insurance market was SGD5.5 billion ($4 billion) in 2023 and is expected to achieve a CAGR of more than 5% during 2024-2028. The Singapore general insurance market research report provides in-depth market analysis, including insights into the lines of business in the country’s general insurance industry. Furthermore, the report provides a detailed outlook by product category as well as values for key performance indicators, including gross...
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Sector Analysis
United Kingdom (UK) Commercial Property Insurance Market Trends, Competitor Dynamics and Opportunities
The gross written premium (GWP) in the UK commercial property insurance market was valued at GBP12.2 billion in 2022. The commercial property insurance market in the UK is predicted to expand gradually at a CAGR of more than 4% from 2022 to 27. It is projected that factors such as rising repair costs and hardening market rates will fuel premium increases in the coming years. UK Commercial Property Insurance Market Outlook 2022-2027 (GBP Billion) Buy The Full Report for More...
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Analyst Opinions
Advanced Biometrics – Emerging Trends and Technologies in Authentication
Advanced Biometrics Trend Analysis Report Overview Biometrics is the practice of using unique physical or behavioral traits for identification and authentication purposes. Its usage has been increasing day by day. Fingerprint recognition, voice recognition, facial recognition, palm recognition, iris recognition, and behavioral biometrics are some of its key modalities. For instance, iris recognition is often used in high-security applications such as border control and access to secure facilities. The "Advanced Biometrics - Emerging Trends and Technologies in Authentication" report offers...
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Thematic Analysis
Insurance M&A Deals Q3 2023 – Top Themes – Thematic Intelligence
This report analyzes the disruptive themes that have driven M&A activity in Q3 2023 in the Insurance Sector
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Company Insights
AIG – Digital Transformation Strategies
AIG Digital Transformation Strategies Report Overview American International Group (AIG) has been focusing on leveraging emerging technologies as a part of its digital transformation strategies. The annual ICT spending of AIG was estimated at $2.5 billion in 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. AIG is a multi-line insurance group that provides life insurance, property and casualty insurance, retirement products, and other financial services to individuals and businesses. Total...
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Product Insights
United Kingdom (UK) Protection Insurance – Term Assurance Market
United Kingdom (UK) Protection Insurance – Term Assurance Market Report Overview The term assurance market was valued at GBP542.7 million in 2022 and is expected to record a compound annual growth rate (CAGR) of more than 1% during 2022-2027. The number of contracts will also increase over the same period. However, a decline in contracts is also expected for mortgage-related terms in 2023. This will be due to high interest rates and the cost-of-living crisis, which have deterred individuals from...
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Product Insights
United Kingdom (UK) Protection Insurance – Critical Illness Market
United Kingdom (UK) Protection Insurance – Critical Illness Market Report Overview The number of contracts in the UK’s individual protection market declined by 5% in 2022 primarily due to inflation and the cost-of-living crisis that has caused financial constraints for many consumers, making it difficult to afford insurance. The number of contracts in the standalone critical illness market declined by over 4% to 70,600 in 2022. The contracts for critical illness as a rider are much larger than standalone critical...
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Product Insights
United Kingdom (UK) Protection Insurance – Whole of Life Assurance
United Kingdom (UK) Protection Insurance Market Report Overview The number of contracts in the UK’s individual protection market declined in 2022. The total number of contracts issued was 2.2 million. Premiums rose 0.1%, mainly led by an increase in income protection and critical illness. However, inflation and the cost-of-living crisis have caused financial constraints for many consumers, making it difficult for them to afford insurance. The United Kingdom (UK) protection insurance report analyses the market drivers, competitive landscapes, and key...
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Thematic Analysis
Future of Work in Insurance – Thematic Intelligence
Future of Work in Insurance Thematic Report Overview From an insurance perspective, the future of work is a mixture of new technologies with emerging macroeconomic and lifestyle trends. The way insurers operate themselves, their adaptation to key trends, and their utilization of the emerging technologies available will be impacted by the future of work. Additionally, the impact of these trends and technologies on industries around the world and their effects on insurance will also see the effects of the future...
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Thematic Analysis
Geopolitics in Insurance – Thematic Intelligence
Geopolitics in Insurance Thematic Report Overview The Russia – Ukraine war, supply chain disruptions caused due to growing geopolitical tensions, and rising civil unrest due to poor global economic scenario are some of the factors that are likely to put increased pressure on insurers line of business. For instance, Russia’s invasion of Ukraine will have further ramifications for insurers. Estimates suggest these losses could be as high as more than $19 billion for the industry. As companies look to engage...