Singapore's Personal Accident and Health Insurance Market Sees 38% Growth by 2029: Shift to Private Health Plans on the Rise
2025-01-13
The Independent Singapore
Singapore's accident and health insurance market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 6.6% from 2024 to 2029, reaching $11.7 billion. This surge is expected to drive a shift towards private health plans, as individuals seek more comprehensive coverage. The market expansion, driven by increasing healthcare costs and an aging population, is set to boost the demand for personalized insurance plans, with key players leveraging digital platforms to offer customized services, including personal accident insurance and health insurance plans, to meet the growing needs of consumers.
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