Singapore is known for its excellent banking and financial system. In addition, being one of the most urbanized and commercialized place in the world, the insurance sector is very well developed. The insurance companies in Singapore offer different kinds of commercial and personal insurances in order to provide security to people in all realms of life. Here are some of the top insurance companies in Singapore.
Allianz Insurance Company of Singapore
Allianz is ranked among the top insurance companies of Singapore. The company offers a huge range of insurance policies in various sector such as aviation, aerospace, marine, space, energy, financial lines, engineering and many others. With a network spread over 150 countries, Allianz offers the best of claims service, captive insurance services, liability insurance and many other insurance services.
Great Eastern Insurance
Green Eastern Insurance is a Singapore based insurance company. It provides services to Malaysia and Singapore and is the largest provider in these regions. With more than 3 million policy holders registered in the company, it has been thoroughly successful in providing satisfactory insurance schemes and policies. In terms of market capitalization and assets, Great Eastern Life is the top insurance company in Southeast Asia. The working machinery, ethics and services of the company are especially impeccable.
More importantly, Great Eastern is an insurance company with a conscience. If you visit the website of the company, you not only see the efforts which it makes to provide wholesome and comprehensive services, but also the lifestyle tips and awareness it brings to help people lead a healthier and happier life.
ACE Insurance Limited
ACE Insurance Limited, with its services spread over 53 countries, is one of the major insurance providers in terms of casualty insurance and property insurance. It has received excellent ratings by international monitoring bodies. Some of the highlights of the company are its efficiency and client-friendly manner in handling claims and its expertise in underwriting. The company utilizes the best of its resources to provide great service to all its customers. Although the company has physical presence in 53 countries, with Singapore being one of its major strongholds, the company has
Prudential Assurance Company Singapore Pte Ltd
Prudential Assurance has its base in United Kingdom, but is rated as one of the best insurance companies in Singapore. In Singapore alone, the company offers services to over 680,000 people and handles 1.6 million individual polices. The company has a huge business spread in Singapore with more than three thousand financial consultants and more than seven hundred employees. In 2000, Prudential Singapore won “Asia’s Life Insurance Company of the Year Award” and was the first insurance company from Singapore to win this honor. According to Customer Satisfaction Index in Singapore, Prudential is a market leader.
Based in Canada-United States, Manulife has done business in Singapore since 1980 and during the past three decades, it has grown in leaps and bounds. The company has brought forth a number of innovations which have made it possible to sustain its top place in this high competitive and dynamic market. With a staff of more than two hundred in Singapore, the company has insured lives, vehicles, businesses and properties of 164,000 clients and handles 278,000 policies.
All insurance companies in Singapore are licensed by Monetary Authority of Singapore. Some of the other well known insurance companies here are John Hancock Life Assurance Co Ltd, Aviva Insurance, HSBC Insurance and India International Insurance.
Disclaimer: The data provided here is based on the facts and research using available sources. As the data is made available on "as is" basis and subject to change anytime. This website shall not be liable for any discrepancy found in the data on our site and actual figures.