Singapore · South-East Asia · class C

Composite insurance companies in Singapore

4 licensed composite insurers, 9% of the 46 insurance entities supervised by the Monetary Authority of Singapore. Licensed to write both life and non-life business under one entity.

CompanyClassParent / groupOwnershipRegulatorVerification
China Taiping SingaporeCCompositeChina TaipingForeign multinationalMASUnverified
Etiqa Insurance SingaporeCCompositeMaybankForeign multinationalMASUnverified
FWD SingaporeCCompositeFWD GroupIAIGForeign multinationalMASUnverified
Income Insurance
Allianz deal blocked 2024
CCompositeNTUC EnterpriseMutual / cooperativeMASUnverified

About composite insurers in Singapore

How many composite insurers are licensed in Singapore?

4 of the 46 licensed insurance entities in Singapore are classified as composite (9%), according to the MAS register as reflected in this directory (not verified).

Who regulates composite insurers in Singapore?

Monetary Authority of Singapore (MAS), under Insurance Act 1966; RBC 2. Official website: https://mas.gov.sg.

Are the composite insurers in Singapore locally or foreign owned?

3 of 4 belong to regional or foreign multinational groups (including China Taiping, Maybank, FWD Group), 0 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/singapore.json (filter by class = "composite"). Licence CC BY 4.0, attribute KAFS North America.