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S&P Global Ratings projects strong growth in Singapore's wealth and insurance sectors

1 report, 1 independent Updated Oct 1
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What happened

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S&P Global Ratings expects life insurance premiums in Singapore to grow 13% to 17% in 2026, before slowing to 7% to 9% in 2027. Total weighted new business premiums reached $3.6 billion in the first half of 2026. The agency attributes this expansion to rising household wealth, an aging population, and increased demand for comprehensive medical coverage.

From sbr.com.sg

Why it matters

Some supportBrind's analysis of the reports

The report highlights Singapore's expanding role as an international wealth-management center. Investment-linked products accounted for 44% of weighted new business premiums in the first half, demonstrating strong consumer interest in market-linked returns alongside insurance protection.

From sbr.com.sg

Who's involved

  • S&P Global RatingsCredit rating agency that issued the report on market trends
  • SingaporeThe sovereign island country where the wealth management and insurance market is located

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