Insurance in Singapore is a regulated industry that offers a wide range of insurance products and services to individuals, businesses, and organizations. The industry is overseen by the Monetary Authority of Singapore (MAS) and comprises both local and foreign insurance companies.

Some of the most common types of insurance products in Singapore include life insurance, health insurance, motor insurance, travel insurance, and home insurance. In addition, there are also specialized insurance products such as marine insurance and trade credit insurance that are particularly relevant to the country’s position as a global financial hub.

The insurance industry in Singapore is highly competitive, with many local and international companies offering a range of products and services. Some of the largest insurance companies operating in Singapore include Great Eastern, NTUC Income, AIA, Prudential, and Aviva, among others. These companies offer a range of insurance products, including life insurance, health insurance, and general insurance, and compete on factors such as price, product features, and customer service.

Here is List of Top 10 Singapore insurance Company and there Short Terms,

1. Great Eastern – Great Eastern is the largest life insurer in Singapore, with a market share of around 26%. The company offers a range of life insurance products, including whole life, term life, and endowment plans, as well as investment-linked insurance plans.
2. Prudential – Prudential is a global life insurer that operates in over 40 markets, including Singapore. The company offers a range of life insurance products, as well as health insurance and retirement solutions. Its market share in Singapore is around 20%.
3. AIA – AIA is a leading life insurer in Asia, with a presence in 18 markets. In Singapore, the company offers a range of life insurance products, as well as health insurance and accident protection. Its market share in Singapore is around 16%.
4. NTUC Income – NTUC Income is a cooperative insurer that offers a range of life insurance and general insurance products. Its life insurance products include term life, whole life, and endowment plans, as well as investment-linked insurance plans. Its market share in Singapore is around 10%.
5. Aviva – Aviva is a global insurer with a presence in 16 markets, including Singapore. The company offers a range of life insurance products, as well as health insurance and investment solutions. Its market share in Singapore is around 7%.
6. AXA – AXA is a global insurer that operates in over 50 countries. In Singapore, the company offers a range of life insurance products, as well as health insurance and general insurance. Its market share in Singapore is around 6%.
7. Manulife – Manulife is a Canadian insurer that operates in over 20 markets, including Singapore. The company offers a range of life insurance products, as well as health insurance and retirement solutions. Its market share in Singapore is around 4%.
8. Tokio Marine – Tokio Marine is a Japanese insurer that offers a range of general insurance products, including car insurance, travel insurance, and home insurance. The company also offers commercial insurance and marine insurance. Its market share in Singapore is around 4%.
9. Sompo – Sompo is a Japanese insurer that offers a range of general insurance products, including car insurance, travel insurance, and home insurance. The company also offers commercial insurance and marine insurance. Its market share in Singapore is around 3%.
10. Etiqa – Etiqa is a Malaysian insurer that offers a range of life insurance and general insurance products in Singapore. Its life insurance products include term life and whole life plans, while its general insurance products include car insurance and travel insurance. Its market share in Singapore is around 3%.