QUESTION NO. 354
NOTICE PAPER 509 OF 2017
FOR WRITTEN ANSWER
Date: For Parliament Sitting on 6 February 2017
Name and Constituency of Member of Parliament
Mr Patrick Tay, MP, West Coast GRC
Question:
To ask the Prime Minister for each of the years from 2007 to 2016, what is (i) the number of insurance companies/agencies with a valid licence operating in Singapore (ii) the number of staff on full-time employment by all these insurance companies/agencies and (iii) the number of insurance agents engaged by all these insurance companies/agencies.
Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS:
1 The statistics are set out in the Table below1:
Year |
Number of Insurance Companies |
Insurance Sector Headcount2 |
Number of Insurance Agents3 |
2007 |
59 |
23,827 |
13,645 |
2008 |
61 |
26,295 |
13,944 |
2009 |
63 |
27,120 |
14,137 |
2010 |
62 |
28,133 |
13,315 |
2011 |
65 |
28,637 |
13,304 |
2012 |
69 |
29,689 |
16,527 |
2013 |
75 |
30,396 |
17,328 |
2014 |
78 |
33,558 |
17,931 |
2015 |
79 |
34,157 |
19,040 |
2016 |
79 |
- |
19,022 |
***