Best Insurance Providers in Singapore 2022
FWD is a trusted and reliable insurance company based in Quarry Bay, Hong Kong which beliefs in making insurance as simple as possible. It came into existence in 2013 with a focus on forging a delightful and convenient customer experience substantially backed by digital technology. FWD Groups are distinguished across Asia with its key markets being Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan providing a vast range of specialized services such as Life insurance, General Insurance, Employee Benefits, Financial Planning, Group Insurance, Broker Management, Bancassurance, Tied Agency, Alternative Distribution, digital commerce, insurance tech, intermediaries, travel insurance. The company aspires to be a leading Pan-Asian insurer and reconstruct the way people view insurance through its customer-friendly approach and easy to use products. It has a staff strength of about 5,000.
Etiqa Insurance Pte, Ltd is a life and general insurance company authorized by the Republic of Singapore and regulated by the Monetary Authority of Singapore ( MAS), it is administered by the Insurance Act. Etiqa is a subsidiary of Maybank Ageas Holdings Berhad which is a joint venture company that combines local market knowledge with global international prowess and is owned by Maybank and Ageas in a percentage of 69% and 31% respectively. Maybank is the fourth largest banking group in Southeast Asia and has a clientele of more than 22 million people in 20 countries and Ageas, a global insurance brand is a legacy with a history of over 190 years and has 33 million customers across 16 countries. Etiqa started operations in 1962 as United General Insurance Co. Sdn. Bhd. and has been safeguarding Singaporeans ever since with a vast variety of general insurance solutions that continuously evolve to accommodate their dynamic requirements. It was the delegated insurer for the Housing Development Board (HDB) Fire Insurance Scheme in Singapore for 10 consecutive years and has safeguarded more than 550,000 homes. Atiqa consistently seeks to establish a more technologically advanced and innovative system to deliver a customer-centric experience to facilitate its customers in an enhanced way in these ever-changing times.
AIG Asia Pacific Insurance
AIG Asia Pacific Insurance Pte. Ltd. is one of the largest general insurance companies in Singapore which provides an extensive range of creative and innovative solutions to the ever-changing needs of individuals and corporate clients. The company has been providing insurance facilities since 1953 and operates in more than 80 countries and jurisdictions. The company has received numerous accolades during its years of service including which are titles "general insurance company of the year" by the Asia Insurance Industry Awards and "Insurance In-house Team of the year" by the Asian legal business southeast Asia law awards in and was ranked 60th on the Fortune 500 list in 2018. The company's insurance policies span over Auto, Home, Travel, Personal Accident, Professional Liability, Employer Liability, Marine Cargo and Small Business, just to name a few. On December 31, 2017, AIG had $65.2 billion in shareholder equity and the company also employs around 56,400 people.
Allianz Global Assistance Singapore
Allianz Global Assistance Singapore, currently known as Allianz Travel, is a globally renowned travel insurance and assistance provider. With a vast range of policies, the company provides cover for individuals or families with single-trip travel insurance or multi-trip travel insurance cover options. It has a network prevalent all throughout the world which offers covers for its customers 24/7, no matter where they are in the world. The company not only provides insurance facilitates to Singaporean citizens, it also facilitates holders of permanent residents, employment pass, S-pass, work permit, student pass, or dependent pass. It also has a top-notch customer service which makes 1 mediation every 2 seconds to secure its customers on their vacations from unforeseen circumstances. The company also covers in cases of medical expenses due to sickness or accident, need hospitalization and evacuation, encounter travel inconvenience such as luggage delay, trip cancellation or theft and carry out more than a million medical assistance and restoration interventions annually by their multilingual, travel, and medical assistance specialists who work around the clock, all across the world.
HL Assurance is a licensed general direct insurer and also a member of the General Insurance Association in Singapore. It is a member of Hong Leong Financial Group Berhad which is a conglomerate established as a trading company in 1963 in Malaysia. Hong Leong Financial Group is a preeminent provider of financial services, manufacturing, distribution, property, and infrastructure development through its subsidiaries and associate companies which are listed on stock exchanges of Malaysia, Singapore, Hong Kong, Manila, and Europe. HL Assurance accommodates both its customers and intermediaries through an extensive range of insurance policies for both personal and commercial purposes functioning as Travel Insurance, Home Contents Insurance, Car Insurance, Mobile Phone Insurance, Fire Insurance, Personal Accident Insurance, Maid Insurance, Property Insurance, Casualty Insurance, Engineering Insurance, Business Packages.
ERGO Insurance Pte. Ltd. is a Singapore based registered general insurer which is a wholly-owned subsidiary of ERGO Group AG, one of the leading insurance groups in Germany and Europe. The company offers an extensive range of personal insurance products from private motor to travel and personal accident; and commercial insurance coverage for commercial motor, work injury compensation, bonds, engineering, property, health, corporate personal accident and corporate travel, financial lines and marine, and endeavors to offer the best distribution facilities to its customers. It is also the chief insurance arm of Munich Re,one of the major reinsurers and risk carriers worldwide. The group's asset manager and fund provider, MEAG, regulates the investments aggregating a total of 127 billion euros. It is also regulated by the Monetary Authority of Singapore. ERGO is constantly aiming to tailor its policies in accordance with the wishes and needs of its intermediaries and customers and hence it also seeks to forge a close bond with its intermediaries and customers.
MSIG Insurance Singapore
One of Asia’s leading insurers, MSIG Insurance has had a strong presence in Singapore for over 100 years. The expertise involved in this stable company is a result of many successful mergers that are a wholly-owned subsidiary of MSIG Holdings (Asia) Pte. Ltd. The parent company of MSIG Insurance, Mitsui Sumitomo Insurance Company (MSI) has an impressive profile with total assets of over US$59 billion. The company is also a member of the MS&AD Group, a world-renowned general insurance group that operates in more than 40 countries. MS Amlin, the second-largest Lloyd’s syndicate was taken over by the company in 2015. MSIG Insurance is one of the few foreign‑based general insurers of Singapore that offer a wide variety of financial, banking and insurance solutions to individual consumers and companies. The company’s deeply rooted global networks and partnerships with top-notch agencies, financial firms, and Japanese corporate clients have made them a trust-worthy name in the banking industry.
Tokio Marine Insurance Singapore
Tokyo marine, the first insurance company to be incorporated in Japan more than 130 years ago, now provides a comprehensive selection of General and Life insurance products and solutions. It has a network in over 38 countries and expanding. Tokio Marine is a renowned insurer all across the world and ranks as one of the world’s most globally diversified and financially secure insurance groups. It is presumed to be Japan’s largest insurance group, with over USD 206 billion in assets, USD 31 billion of market capitalization (as at end of March 2018) and has a staff strength of over 38,000. Tokio Marine is a customer-friendly organization and put its customers' contentment before everything else. It has concocted a potent system and infrastructure in the way it operates, establishing a prevalent distribution network based on various partnerships, joint ventures, and collaborations with agency channels, brokers, intermediaries, and banks. It uninterruptably works to make secure that its policies offer full-on coverage with nominal variations. A few of its sought after insurance products are marine cargo insurance, engineering, personal lines, and life insurance.
Aviva Ltd is a well known multifarious insurer with a venerable global reputation. Singapore is one of its leading markets where it is one of the biggest providers of employee benefits and healthcare, which includes being the appointed provider for the Ministry of Home Affairs and safeguarding Singapore Armed Forces servicemen since 1983. It is also the delegated insurer for all eligible public officers and their families and insures about 1.3 million customers and administers approximately S$10.8 billion in assets. Aviva limited proceeds with an objective to offer its customers a view to their self assured future, defying all uncertainties. Aviva Limited provides its customers an extensive concatenation of insurance solutions in fields of Protection & health, General Insurance, Savings & Investments, and Group insurance. All of its products are sold through financial advisers, brokers, corporate partners, direct and online and it also provide facilities such as Integrated Shield health insurance plans, ElderShield and ElderShield Supplements, Wide range of life cover including Term, Whole Life, Critical Illness and Disability, Travel, Car, Home, and Personal Accident plans for individuals, Commercial solutions for businesses.
Sompo Insurance Singapore
Sompo Insurance Singapore Pte. Ltd, previously known as Tenet Sompo, was established in 1989 and has since been providing individuals and companies its distinguished insurance solutions. Sompo endeavors to provide its customers premium yet economical insurance in Singapore. It is one of the many members of SOMPO HOLDINGS, a reliable and reputable insurance and risk provider in Japan for more than 100 years. Currently, Sompo Holdings has a widespread network across the world and serves its customers in more than 30 countries and regions. This company believes in providing reasonable pricing and fair treatment to its clientele by consistently abiding by the rules of corporate governance and risk management. It is devoted to its business partners and intermediaries to facilitate them in accordance to their requirements by delivering the right products and services competitively. It offers a comprehensive range of services in fields of personal insurance and commercial insurance such as insurance for property, Burglary, Money, Plate Glass, Work Injury Compensation, Group Personal Accident, Group Mediwell Plus, Group Madewell Classic, Fidelity Guarantee, Public Liability, Marine Cargo, Bailees/Forwarders Liability-Move, Spectra Office, Spectra Food & Beverage, Spectra Retail, Spectra Service, Spectra Light Industrial, Commercial Motor, Private car, HomeBliss, PA Star, TravelJoy, PA Junior, Personal Accident, Maidease, Overseas Travel PLUS are a few of the many
NTUC Income Insurance
NTUC Income, established in 1970 is the unequaled insurance co-operative based in Singapore. It was constituted with a sole purpose to make essential insurance accessible all throughout Singapore and is presently the preeminent conglomerate insurer providing life, health, and general insurance. NTUC Income believes in devising its policies to be user-friendly by making them easy to understand using plain English and is committed to instilling knowledge in its customers about how to invest their savings in order for a bright future. NTUC Income endeavors to make insurance services available to every segment of the community. NTUC Income has a widespread network of insightful financial advisers and partners providing value-added financial advisory that complements the present day's continuously evolving digital-first landscape, offering insurance products and services that serve to safeguard savings and investment requirements of the customers in a specialized manner so it caters to every person in his particular stage of life.
AXA Insurance Pte. Ltd. is a Singapore based insurance company which came into existence in 1999. The company has a network widespread across 62 countries yet it majorly operates in Singapore and has a clientele of approximately 105 million people to which it provides a diverse array of insurance facilitations. It is currently administering investments aggregating a total of 98.5 billion Euros. The company believes in the customer-first approach to its business and prioritizes its customers' and their valuables' protection over everything else. AXA insurance offers insurance services for property-casualty which includes the insurance of personal property (cars, homes) and liability (personal or professional) and also covers a wide spectrum of products and services devised for our individual and business consumers which includes individual and collective life insurance policies encorporating both savings and retirement products, health and personal protection products and investing and managing assets for the Group's insurance companies and their clients, as well as for third parties, both retail and institutional clients. It also has a workforce of around 160,000 employees.
AIA Singapore Private Limited is an insurance service provider serving customers in Singapore since 1931. It was founded in Asia, is headquartered in Asia, and is present in 18 markets across the Asia-Pacific region, where it has served millions of people. The Company offers medical protection, life insurance, critical illness insurance, savings plans, accident and health insurance, and investments besides other services. The company recognizes the different needs of different clients while the skilled financial services consultants provide suitable financial advice and future plans to their clients as per their needs and satisfaction. AIA provides top quality services and solutions to companies of all sizes. The company has won numerous awards including Best App - Financial Services (Gold Award), Best User Experience (Gold Award), and Reader's Digest Trusted Brand 2019 (Gold Award) among many others in 2019. It is a rapidly growing insurance company that provides high-quality insurance products and services with timely updates.