Singapore is one of the leading financial centres of the world, and its insurance sector has always been on the forefront of the country’s growth trajectory.
In fact, over the past couple of years, Singapore’s insurance sector has witnessed a tremendous boom, which is testified by the fact that today there are more insurance players in the market than ever before.
Although some media reports claim that insurance sectors growth slowed down a bit in 2016, but the overall future of the sector looks pretty bright.
The one community that has contributed significantly to this growth has been Singapore’s expat community. Over the years, Singapore’s robust job market and other conducive factors have fuelled the growth of the expat community.
The Singapore’s expat community obviously have their own needs and problems, which today are efficiently catered and addressed by many leading insurance companies in the market. Mentioned below are some of the best insurance companies for Singapore’s booming expatriate community.
International Medical Group
What makes this insurance company so special is the fact that it is one of the oldest players in the expat insurance market. Since 1980’s, the company has worked really hard in formulating some of the most innovative healthcare insurance policies for travelling expats. Its comprehensive healthcare policies can cover your minor healthcare problems to major health problems such as cancer, heart ailments etc. Although this company is based in the UK, it is known for providing quick customer service to expats living in any part of the world.
Expat Insurance
Based in Singapore, Expat Insurance has made quite a niche in the booming expat insurance market. This company specialises in offering comprehensive insurance policies on a wide range of portfolios, including travel, business and medical. The quality of its services is validated by the fact that it was awarded 2016 Broker of the Year award.
HSBC Insurance
The financial giant HSBC has exclusively designed some very good insurance policies for the expat community. It also offers a wide range of insurance products, ranging from health, life to wealth protection. Their product has become immensely popular among global expat community, including expats residing in Singapore. This obviously has to do with the fact that HSBC is a great brand name and evokes immense trust among consumers.
Cigna Global Health Insurance and Benefits
This is one of the most trusted names in the expat insurance market. It is known for offering some of the best health insurance policies for mobile employees or employees who have to constantly change their locations for job purposes.