ROBUST, TRUSTED, DYNAMIC AND

PURPOSEFUL FINANCIAL CENTRE

A DYNAMIC AND PURPOSEFUL FINANCIAL CENTRE
ENHANCING RISK MANAGEMENT ECOSYSTEM

Offshore non-life insurance grew 8.8% y-o-y in gross written premiums, supported by expansion in both the direct and reinsurance segments. The proportion of offshore non-life insurance to total non-life insurance has increased steadily, rising from 58% in 2009 to 66% in 2014, reflecting Singapore's strong position as a regional specialist reinsurance hub. Looking ahead, the non-life insurance market in Asia is expected to continue its growth momentum, with Southeast Asia and emerging countries like China and India leading premium growth in 2015.