Commercial, Data insight, Data story, Group medical, Life, Life and Health, Market report

Singapore’s new group life policies continue to climb, but insured lives drop sharply from 2024 peak

Group policies rose 47.3% in Q2, but the number of lives insured under new group coverage fell to historical range following 2024’s spike.

Joanne Madrid

October 6, 2025

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3 min read

Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.