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Motor Insurance in Singapore
Motor Insurance (also known as Vehicle Insurance, auto insurance, car insurance) is insurance purchased for cars, trucks and other vehicles. It is primarily use to provide protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident.
The total gross premium written for motor insurance in Singapore in 2016 is S$1,150.7 million(28.97% of the total general insurance gross premiums), an increased of 1.18% or S$13.4 million compares to S$1,137.3 million in 2015.
Whereas the total net premium written for motor insurance in Singapore in 2016 is S$950.8 million(35.62% of the total general insurance net premiums), an increased of 0.83% or S$7.8 million compares to S$943.0 million in 2015. In 2016, 53.4% net claim on motor insurance is recorded against the total net premiums.
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Motor Insurance 2009 - 2015

The total gross premium written for motor insurance in Singapore in 2009 is S$1,063.1 million(36.15% of the total general insurance gross premiums), an increased of 22.82% or S$197.5 million compares to S$865.6 million in 2008.
Whereas the total net premium written for motor insurance in Singapore in 2009 is S$1,015.3 million(45.41% of the total general insurance net premiums), an increased of 20.61% or S$173.5 million compares to S$841.8 million in 2008. In 2009, 75.0% net claim on motor insurance is recorded against the total net premiums. This is an improvement against the 89.8% net claim for motor insurance recorded in 2008.

The total gross premium written for motor insurance in Singapore in 2010 is S$1,166.0 million(36.09% of the total general insurance gross premiums), an increased of 9.68% or S$102.9 million compares to S$1,063.1 million in 2009.
Whereas the total net premium written for motor insurance in Singapore in 2010 is S$1,112.8 million(44.19% of the total general insurance net premiums), an increased of 9.60% or S$97.5 million compares to S$1,015.3 million in 2009. In 2010, 73.8% net claim on motor insurance is recorded against the total net premiums.

The total gross premium written for motor insurance in Singapore in 2011 is S$1,214.5 million(34.47% of the total general insurance gross premiums), an increased of 4.16% or S$48.5 million compares to S$1,166.0 million in 2010.
Whereas the total net premium written for motor insurance in Singapore in 2011 is S$1,148.9 million(43.43% of the total general insurance net premiums), an increased of 3.24% or S$36.1 million compares to S$1,112.8 million in 2010. In 2011, 68.3% net claim on motor insurance is recorded against the total net premiums.

The total gross premium written for motor insurance in Singapore in 2012 is S$1,244.8 million(34.32% of the total general insurance gross premiums), an increased of 2.49% or S$30.3 million compares to S$1,214.5 million in 2011.
Whereas the total net premium written for motor insurance in Singapore in 2012 is S$1,182.5 million(42.46% of the total general insurance net premiums), an increased of 2.92% or S$33.6 million compares to S$1,148.9 million in 2011. In 2012, 65.6% net claim on motor insurance is recorded against the total net premiums.

The total gross premium written for motor insurance in Singapore in 2013 is S$1,218.2 million(32.59% of the total general insurance gross premiums), a decreased of 2.14% or S$26.6 million compares to S$1,244.8 million in 2012.
Whereas the total net premium written for motor insurance in Singapore in 2013 is S$1,169.7 million(40.80% of the total general insurance net premiums), a decreased of 1.08% or S$12.8 million compares to S$1,182.5 million in 2012. In 2013, 62.1% net claim on motor insurance is recorded against the total net premiums.

The total gross premium written for motor insurance in Singapore in 2014 is S$1,182.8 million(30.72% of the total general insurance gross premiums), a decreased of 2.91% or S$35.4 million compares to S$1,218.2 million in 2013.
Whereas the total net premium written for motor insurance in Singapore in 2014 is S$1,123.1 million(38.25% of the total general insurance net premiums), a decreased of 3.98% or S$46.6 million compares to S$1,169.7 million in 2013. In 2014, 53.5% net claim on motor insurance is recorded against the total net premiums.

The total gross premium written for motor insurance in Singapore in 2015 is S$1,137.3 million(28.44% of the total general insurance gross premiums), a decreased of 3.85% or S$45.5 million compares to S$1,182.8 million in 2014.
Whereas the total net premium written for motor insurance in Singapore in 2015 is S$943.0 million(35.59% of the total general insurance net premiums), a decreased of 16.04% or S$180.1 million compares to S$1,123.1 million in 2014. In 2015, 56.0% net claim on motor insurance is recorded against the total net premiums.

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