Top Health Insurance Providers in Singapore
- The top 5 insurance providers in Singapore based on assets under management are The Great Eastern Life Assurance Company Limited, AIA Singapore Private Limited, Prudential Assurance Co. Singapore, NTUC Income Insurance Co-operative Limited, and Manulife Singapore.
- The Great Eastern Life Assurance Company Limited had S$49 billion in assets as of 2018.
- AIA Singapore Private Limited had S$44 billion in total assets as of 2018.
- Prudential Assurance Co. Singapore had S$37 billion in total assets as of 2018.
- NTUC Income Insurance Co-operative Limited had S$34 billion in total assets as of 2018.
- Manulife Singapore had S$9 billion in total assets as of 2018.
Market Shares
- The total assets of the 50 largest insurance providers in Singapore were S$232 billion in 2018.
The market shares of the top 5 insurance providers in Singapore can be calculated by comparing their respective assets under management with the total assets of the largest insurance providers.
- The market share of The Great Eastern Life Assurance Company Limited was then found to be 21.1% (49/232).
- The market share of AIA Singapore Private Limited was then found to be 18.9% (44/232).
- The market share of Prudential Assurance Co. Singapore was then found to be 15.9% (37/232).
- The market share of NTUC Income Insurance Co-operative Limited was then found to be 14.6% (34/232).
- The market share of Manulife Singapore was then found to be 3.8% (9/232).
Note
The above calculation of market shares is based on the total assets under management for all types of insurance providers. While all the top 5 listed providers also provide health insurance, their market shares have been calculated based on their total assets under management.