6 Best Insurance Brokers in Singapore

6 Best Insurance Brokers in Singapore

You might be thinking, “I’m not in the market for an insurance broker.” But you never know when something unexpected might happen to yourself or your business.

Or maybe just getting insurance can be a confusing process. It’s hard to know what you’re getting and how much it will cost or whether that policy will cover you when you need it most.

It can also be hard to know where to start when looking for an insurer, available coverage options, or how the process works. 

The best insurance broker in Singapore is not just someone who helps you find the best deal for your monthly premiums, but it is so much more than that. They help you determine risk and manage costs in a business to decide on the right coverages and policies for yourself or your organization. This blog post is about the 6 best insurance brokers in Singapore – who they are and how they can help you!

Special Mention(s) In Alphabetical Order

#1. G&M Pte Ltd

Image Credit: G&M Pte Ltd
Websitehttps://www.gnm.com.sg/
Address8 Shenton Way, #13-03 AXA Tower, Singapore 068811
Operating Hours9:00 AM to 6:00 PM (Weekdays)
Closed On Weekends
Contact+65 6220 9266 or marketing@gnm.com.sg 

Key Highlights:

  • Best Hassle-free coverage for Motor, Lifestyle, Personal Health & Business Insurance
  • Established in 1975 (as General & Marine Underwriting Agents Pte Ltd) 
  • Over 100,000 Clients from multiple MNCs, SMEs, C-Class Individuals and more

G&M is one of the top insurance brokers in Singapore. As a leading insurance broker with over 40 years of experience, they have successfully transformed Singaporeans accessibility towards tailored insurance solutions to match their specific needs. 

They’ve made this complicated process as easy as possible by making multiple comparisons across a wide range of insurance policies from leading insurance companies in Singapore. G&M can effectively come up with the best policy with your best interest in mind and at a competitive rate.

G&M is not just a car insurance broker in Singapore. Their services also cover a wide range of insurance products, including supercar, motor, commercial, corporate, health and lifestyle insurance. They even offer work-from-home insurance in lieu of the recent surge in work from home practices!

And you know what else? Their professional advisory team understands that getting insured can be complicated and strive to make it fuss-free by guiding you step by step through the details and process! Pretty efficient, right?

As one of the best insurance brokers in Singapore, they also provide free consultation for tailored and unbiased advice, so click here to find out more!

Best Insurance Brokers In Singapore In Alphabetical Order

#2. AVA Insurance Brokers

Image Credit: AVA Pte Ltd
Websitehttps://www.ava-ins.com/
Address91 Bencoolen Street, #08-03 Sunshine Plaza, 189652
Operating Hours9:00 AM to 6:00 PM (Weekdays)
Closed On Weekends
Contact+65 6535 1828 or gi_broker@ava-ins.com

 Key Highlights:

  • Led by a management team with combined industry experience of over 90 years
  • Established in 2007 (as a General Insurance Broker)
  • Service-Oriented 

When you search for a list of top insurance brokers in Singapore, AVA Insurance Brokers is always on the list. And there is a good reason for it. They are renowned for the implementation and management of tailored insurance programs as a direct insurance broker. Besides providing competitive pricing and tailored coverage for personal & commercial lines, they also focus intensely on their core values when engaging with clients.

They provide coverage for personal insurance ranging from motor, travel, individual, foreign worker and home. Corporate or business owners may seek to engage them for an extensive range of services ranging from employee benefits, property, WICA and more. 

As a professional insurance broking firm, they aim to deliver a customer-centric approach towards all clients. To get an insurance quote or find out more information on the different types of insurance solutions, drop them a call today!

#3. Howden Insurance Brokers (Singapore) Pte Ltd

Image Credit: Howden Group
Websitehttps://www.howdengroup.com/sg-en
Address79 Robinson Road, #13-01, Singapore 068897
Operating Hours9:00 AM to 6:00 PM (Weekdays)
Closed On Weekends
Contact+65 6258 1919 

Key Highlights:

  • Third largest insurance broker in Singapore
  • Founded in London, the UK, in 1994
  • Steadfast commitment to independence

Howden Insurance Brokers is an independent insurance broker with specialist experience in serving the public sector, statutory boards and providing employee benefits solutions. Among the best insurance brokers in Singapore, they stand out in creative problem solving and fastidious yet friendly service.

Their range of value-added services covers more than just business solutions for MNCs and SMEs. Other industries such as medical, education, finance, marine, technology and real estate are included. It is not too much to say that they provide coverage for the A-Z of insurance!

With their unique culture, they are always client-focused and heavily invested in their client’s interests. If you are looking to get insured for local businesses, you can rest assured by their expertise and vast experience within the local business industry. 

They provide competitive insurance quotes by comparing financial products from different insurance partners to match your needs. And in the words of David Howden – CEO of Howden Group, “Make the client happy and everything else will follow”. Check them out today!

#4. Pacific Prime Singapore

Image Credit: Pacific Prime Singapore
Websitehttps://www.pacificprime.sg/
AddressCross Street Exchange #14-05, 18 Cross Street Singapore 048423
Operating Hours8:00 AM to 7:00 PM (Weekdays)
Closed On Weekends
Contact+65 6346 3781 

Key Highlights:

  • 3rd Largest Employee Benefits Broker in the Asia Pacific
  • Founded in 1999
  • Simplifying health insurance coverage for every client 

Pacific Prime has become one of the largest top insurance brokers in Singapore after acquiring CXA Group’s Brokerage arms in Singapore and Hongkong. The company offers medical insurance plans and other personal or commercial insurance (for cars, homes, and businesses) for local residents and expatriates. 

With their partnership with major insurance companies and access to different health insurance products, they can provide better options for medical coverage that suit you best and assist with other services such as (claims process & renewal) at no extra cost! By acting as an intermediary, they have made the whole process frictionless for their clients.

If you are interested in learning about the medical insurance plans they offer, you may reach out to their team of experts today!

#5. Tan Insurance Brokers Pte Ltd

Image Credit: Tan Insurance
Websitehttps://tib.com.sg/
Address3A/5A Aliwal Street, Chenn Leonn Building, Singapore 199896
Operating Hours9:00 AM to 6:00 PM (Weekdays)
9:00 AM to 11:00 AM (Saturdays)
Closed On Weekends
Contact+65 6742 6766 or info@tib.com.sg

Key Highlights:

  • One-stop centre for all risk management needs and trusted business consultancy
  • Founded in 1975
  • Commitment to exceptional customer service

Tan Insurance Brokers Pte Ltd (TIB) started in the 1960s as an insurance agency but was incorporated in 1975 and became a licensed broker under the Monetary Authority of Singapore (MAS). 

Their expertise includes construction and engineering, transport and logistics, food and retail, marine and offshore, small-medium enterprise (SME). Other services include:

  • Commercial and Employee insurance
  • Motor insurance
  • Speciality insurance covering (legal expense, cyber, trade credit, merger & acquisition and IPO)

TIB also has a dedicated insurance claims team to lighten clients’ frustration in the claims process or require a second opinion/advice on insurance claims. No matter which industry it is, they will look out for you and operate with peace of mind. 

As a client, you will have access to a broad range of products and services from them, giving you the best of both worlds!

#6. Time Insurance Brokers Pte Ltd

Image Credit: Times Insurance Brokers
Websitehttps://www.timesinsurance.com.sg/
Address2 Balestier Road, #03-659 to 663Balestier Hill Shopping Centre, Singapore 320002
Operating Hours8:45 AM to 6:00 PM (Monday to Thursdays)
8:45 AM to 5:45 PM (Fridays)
Closed On Weekends
Contact+65 6252 8888 or info@timesinsurance.com.sg

Key Highlights:

  • Committed to providing personalised products and customer service
  • Established since 1976
  • Over 40 years of combined experience and professional expertise in General Insurance

Times Insurance Brokers has broking advisors with highly recognized industry qualifications such as QCT, ANZIIF and ASI. This means, they have professional knowledge and combined with multiple years of experience, they can achieve the best cost-effective insurance solution for their clients.

They provide solutions for your businesses, covering property/casualty, sureties and guarantees, employee benefits, motor, marine and financial protection.

Other personal solutions include:

  • Domestic helper/Maid Insurance
  • Golfer’s Insurance
  • Homeowner/Tenant Insurance
  • Medical Insurance
  • Personal Accident Insurance
  • Pets Insurance
  • Private Motor Insurance
  • Travel Insurance

Should you require a solution not indicated on their website, you may get in touch with them. They will be able to craft a customized plan to the best of their capabilities for you. 

Conclusion About The Best Insurance Brokers In Singapore

Insurance is a necessity for all businesses. It protects your company from unforeseen accidents and incidents and provides a safety net for you and your employees in the event of unfortunate events. Choosing the right insurance broker can make all the difference in achieving peace of mind, but it’s not always easy to know what to look out for when choosing an insurance broker.

But we’re confident that after reading this article you have a better understanding of what insurance brokers are and how to find the best one for your needs. 

If you are still unsure about finding an insurance broker, do consider going for a free consultation to understand more about the right policy which fits your needs without compromising on any financial protection or business protection!

Frequently Asked Questions About The Best Insurance Brokers In Singapore

What Is The Difference Between An Insurance Agent And An Insurance Broker In Singapore?

An insurance agent works for an insurance company to find new clients. A broker works specifically for their client, helping them find the right insurance company and policy to meet their specific needs. 

An insurance broker also helps you save time and money. With their access to a list of insurance companies in Singapore, they can provide you with professional advice and act in your interest.

Are Brokers Good For Insurance In Singapore?

While it might not be necessary for everyone, how you choose to buy insurance is a personal preference. Brokers are usually more suited for individuals with particular needs or various business needs (like business owners). A broker can also understand your plans or risks associated with your business and better advise you on the policies. 

Are Insurance Brokers In Singapore Cheaper?

Most individuals tend to assume that a direct approach towards buying insurance might be cheaper and less time-consuming.

While buying directly from an insurance agent or firm might skip the consultation stage and get right into the paperwork, you have to make sure that you are clear on the coverage for potential losses and the various types of insurance policies that are only applicable to you.

A good broker or agent can provide a better second opinion based on their expertise at no extra cost.

Do The Best Insurance Brokers In Singapore Work For Insurance Companies?

No. Brokers do not directly represent insurance firms but only act as intermediaries between the client and an insurance company. They help the client find a policy that fits their needs and cannot bind any coverage on behalf of the insurer.

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