Singapore Insurance Market

FIN3119 RISK AND restitution GROUP PROJECT REPORT SINGAPORES redress policy MARKET jampack ANALYSIS AND RECOMMENDATIONS Table of Contents administrator abridgment1 INTRODUCTION TO THE MARKET3 TYPES OF INSURANCE AND MARKET SHARE4 SWOT ANALYSIS OF MARKET4 STRENGTHS4 EASE AND CONVENIENCE4 REGULATORY dodging5 EDUCATED WORKFORCE & Strategic Location5 swan INFRASTRUCTURE5 INTELLECTUAL CAPITAL6 ECONOMY OF AGGLOMERATION7 PROFESSIONAL service7 WEAKNESSES7 VULNERABILITY8 HIGH SET UP COST8 thin SIZE9 STRICT REGULATIONS10 OPPORTUNITIES10 ASIA MARKET10 REINSURANCE MARKET11 CAPTIVE INSURANCE MARKET12 THREATS12 TAX REGIME IN HONG KONG12 GEOGRAPHICAL post OF HONG KONG MARKET13 NO CORPORATE AND INCOME TAXES IN BERMUDA MARKET13 financial CRISIS AND IMPACT ON MARKET14 LEARNING POINTS16 RECOMMENDATIONS16 CONCLUSION19 REFERENCES21 EXECUTIVE SUMMARY Singapore is one of the most open economies in the sphere and the Singapore Government has strived to commercialise Singapore as the Asian hub for all notees.

Keeping in line with that ambition, this report seeks to establish the feasibility of Singapore being the Asian hub for the insurance market and make recommendations to enhance growth of the local insurance market. A SWOT (strengths, weakness, opportunities and threats) analysis on the Singapore insurance business environment was first conducted to determine the current condition of the insurance market, as well as growth projections in perspective of the recent global economic recovery. This report will in any case evaluate the competitiveness of the Singapore insurance market on both a regional and global basis, such as cross-referencing to the Hong Kong and Bermuda insurance market throughout the SWOT analysis. The analysis is summarized as follows: Strengths * Ease and convenience in doing business * Stable governmental environment and effective financial regulatory system * enlightened workforce and... If you want to get a full essay, fiat it on our website: Ordercustompaper.com

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