Market Research of the Life-Insurance Industry in Singapore

  • market research of the life insurance industry in Singapore

Market Research of the Life-Insurance Industry in Singapore

An individual entrepreneur was particularly interested in entering the Life Insurance market. To do so, he needed a Market Research on the life-insurance industry in Singapore. This was to see the current situation of the market as well as its potential.

The process and results

For the purpose, we split the research into three sections:

  1. Market – An overview of the Life Insurance industry in Singapore. The overview consequently included its evolution over the years, main channels of distribution, consumer characteristics, potential market, future trends etc.
  2. Competition – An analysis of the competition in the Life Insurance industry in Singapore and their features. We divided the competition into direct competitors(companies which are closest to our business idea) and indirect competitors(other companies that offer life insurance).
  3. Governance – The Legal aspect of starting a Life Insurance company in Singapore, the rules and laws in the industry, the responsible body for regulation, the social media policy, minimum capital etc.

In the end, we included a 2 page summary with all of the outcomes gathered as a result of the research. With this, the market research on the life-insurance industry in Singapore was completed.

Testimonial: “Awesome work from the team! Will definitely rehire for future projects and recommend to others!”

SEE SAMPLE

Client name

Individual Entrepreneur

Location

Singapore

Year

2017