Asia’s rising wealth has also driven private banking and asset management activities. Singapore is recognised as one of the premier asset management locations in Asia, positioned to offer global investors access to fast-growing Asia Pacific markets.
As a base for the full range of insurance services, Singapore today has a diverse mix of direct insurers, reinsurers and captive insurance. Key activities in Singapore include insurance broking, captive management and risk management.
Singapore’s role as a Renminbi (RMB) Regional Gateway has also brought key opportunities for Singapore’s wider function in intermediating trade and investment ties between China and the world.