Singapore’s reinsurance market is set for strong growth in 2025 as the government seeks to solidify the country’s position as a leading hub in Asia. Industry experts cite supportive regulations, a stable financial ecosystem, and a growing focus on climate risk management as key drivers. In 2023, Singapore’s reinsurance premiums surged 31% year-on-year to SGD27.6bn, accounting for 21% of Asia’s market. The city-state hosts regional headquarters for 16 of the world’s top 25 reinsurers, reinforcing its role as a strategic hub. The Monetary Authority of Singapore (MAS) is enhancing oversight and promoting innovation in artificial intelligence and alternative risk transfer markets. Recent regulatory changes align the industry with global standards, ensuring long-term resilience.