GIA/General Insurance Association

News analysis

Motor insurance premiums likely to continue to rise as claims and costs surge

In the first three months of 2025, gross written premiums for motor insurance rose by 9.4 per cent to $368.2 million, compared with the same period in 2024.

Grab makes move to enter motor insurance market in Singapore

The Grab headquarters in Singapore pictured on Feb 10, 2025.

Better conduct in insurance sales in Singapore is for long-term protection

The standards and conduct of the insurance intermediaries have improved over the years but gaps exist.

Dip in Singapore consumers’ trust in general insurers and insurance sales staff: Report

Consumers’ trust in general insurance intermediaries fell further, to 62 points in 2024, from 68 a year earlier.

News analysis

Will the FWD-Income deal pave the way for less direct selling in S’pore’s motor insurance market?

Singapore's motor insurance market is very competitive but there is still a need for insurers that offer plans directly to customers without intermediaries.

Insurer Income to underwrite FWD’s motor insurance plans

FWD's motor insurance plans will soon be underwritten by insurer Income, and policyholders might have to pay more.

General insurance sector grows 10.1% in 2023, domestic motor claims spike

ctsurvey18/ST20220617_202283950179/Ng Sor Luan/ Generic photos of cars along the expressway.

The majority of young Singaporeans still aspire to own a car, although the percentage has shrunk substantially from six years ago when the same poll was done. According to a face-to-face survey commissioned by The Straits Times and carried out by Nexus Link in April, 50.4 per cent of just over 500 respondents said they aspire to own a car within the next few years.

Forum: Need for holistic approach to tackling motor insurance fraud

Maserati owner under probe by police after submitting false accident claim

jlfraud - On March 25, Tridente Automobili organised a convoy drive to Yong Peng for a group of about 17 Maserati owners.

Source: Maserati Singapore Facebook page

Motor insurance premiums to rise this year

Market observers noted that some insurers have started raising their premiums and expect more to follow suit in the following months.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.