Singapore has a well-developed financial system. Apart from being one of the most commercialized and urbanized places throughout the world, even the insurance industry in the country is admirable. Be it a personal or business insurance, there is an extensive range of insurance products available in Singapore to provide enhanced security to the people in different walks of life.
If you are planning to buy an insurance in Singapore, we have listed 10 of the best insurance companies in Singapore here to help you out.
List of top insurance companies in Singapore 2017
Here are the list of best insurance companies in Singapore. There is no such ranking mechanism followed, this list is prepared as per the reputation and the business size of the insurance company and totally as per our personal opinion. You can also share your list of Top 10 Insurance Companies in Singapore as per your preferred criteria by writing a comment below.
Founded in the year 1872 in Zurich, Switzerland, Zurich International is a popular name in the insurance industry all over the world. The company began its operations in Singapore in the year 2006 and offers a wide range of personal and corporate insurance products for every budget and requirements.
HSBC Insurance Singapore
HSBC is already a very popular name in the banking world and its insurance arm is steadily gaining a commendable reputation in Asian countries. The company offers a wide range of life insurance products and services and is very popular for its investment-linked insurance plan for families and individuals.
Headquartered in the United States, Manulife began its operations in Singapore in the year 1980 and has grown by leaps and bounds since then. With more than 200 employees and several branches throughout Singapore, the company has an excellent following in the country, especially due to the innovative plans that it offers.
The Tokio Marine Group has its presence in more than 36 countries all over the world. It is headquartered in Japan and is the largest casualty/property insurance company in the country. In Singapore, the company is very popular for its comprehensive range of life insurance and general insurance products.
Prudential Assurance Company Singapore
Prudential is a popular name in the insurance industry all over the world. It has a superlative presence in Singapore with more than 700 employees who handle 1.8 million policies in the country. In the year 2000, Prudential Assurance Singapore won the award for being “Asia’s Best Life Insurance Company”. If Custom Satisfaction Index is taken into consideration, Prudential Assurance is the best insurance company in Singapore.
Great Eastern Insurance
Great Eastern Insurance is one of the largest insurance companies in Singapore and Malaysia. It offers a wide range of insurance products and has more than 3.5 million policyholders. If the market capitalization of the company is taken into consideration, Great Eastern is the best insurance company in the entire Southeast Asia.
ACE Insurance Limited
If you are looking for property or casualty insurance, ACE Insurance Limited can be an excellent choice. The company has its presence in more than 53 countries all over the world. Its expertise in underwriting and handling claims has made it one of the best insurance companies in Singapore.
Allianz Insurance Company Singapore
The Allianz Insurance Company Singapore offers the widest range of insurance products in several sectors, like energy, space, marine, aerospace, etc. With a presence in more than 150 countries all over the world, the company is one of the largest insurance companies globally.
Incorporated in the year 1816 in France, AXA now has its presence in 59 countries all over the world. The simplicity and comprehensive range of products offered by the company have made it a preferred choice for people in Singapore. The company has received the award of “Global Insurance Brand” in 2015 and protects more than 103 million people all over the world.
With an experience of more than a century, AIA Singapore is one of the most reputed insurance companies in not just Singapore but in Asia too. It is a part of the AIA group which is the 2nd largest insurance provider throughout the world in terms of market capitalization. The company offers several types of insurance products, like Life Protection, Medical Protection, Critical Illness Protection, Accident Protection, and a lot more and its products are very popular for their affordability.
Which one is the best Insurance Companies in Singapore?
These are top 10 insurance companies in Singapore. Pick one from the available choices to get yourself an insurance plan which effectively suits your budget and insurance needs. Make sure that you carefully read the terms and conditions of the plan before making your decision to avoid any kind of discrepancies in future.
Write a comment below and share your experience to declare a company as best insurance company in Singapore. You can also share your criteria to select an insurance company in Singapore. I hope this article will help you to make your decision.