About Us

EQ Insurance Company Limited is a homegrown general insurance provider.

Established since 2007, we built our initial insurance success through the construction-related industry and have since grown to underwrite all classes of non-life insurances to a diverse group of personal and commercial clients.

Our key business segments are motor, property, casualty, and accident and health insurance.  To provide a more holistic suite of products to our clients, we are also underwriting marine (cargo and pleasure craft) and selected specialty lines.

We are a rapidly growing company backed by a proven management team and a strong network of intermediaries, including agents, brokers and financial advisers.

EQ Insurance is part of the Citystate Group – a service oriented group of diversified companies with established brands in travel, general insurance underwriting and broking, food processing and distribution, preschool education and enrichment programmes, restaurants, property management and events managements.

Citystate Capital Asia Pte Ltd is headquartered in Singapore.  It owns both general insurance companies and insurance brokerage firms.  In particular, it has 100% shareholdings in EQ Insurance.

 

 

News
Annual Publication - Reaching New Growth Heights
Singapore’s economy grew by 3.6% in 2022. This came on the back of easing COVID-19 border restrictions and the return of international visitors, although growth was mitigated by weaker external demand.

Annual Publication - Embracing A Digital Future
In 2020, Singapore entered its deepest recession on record, with the local economy shrinking over 5%. Business Uncertainty was at a high as many industries were brought to their knees due to border restrictions and safe management measures - including the nearly two month-long Circuit Breaker - due to COVID-19.

Annual Publication - Paving The Way for Future Growth
Singapore’s economy staged a strong recovery in 2021, expanding 7.6% compared to a 4.1% contraction in FY2020.1 This was a result of the measured response by the Singapore Government to gradually lift various safe management measures (“SMMs”).

Annual Publication - 2018
EQI posted significant gross premium growth of 26% in 2018 amidst another year characterised by cut-throat competition and rock-bottom underwriting rates in the general insurance industry. In a new milestone for EQI, our revenue has surpassed S$50 million for the first time in 13 years.

Annual Publication - 2019
During 2019, Singapore’s economy grew 0.7%, the slowest rate since 2009, and a drop from the 3.4% growth in 2018. Against this backdrop, EQ Insurance (“EQI”) achieved a 6% drop in gross written premium (“GWP”) of S$51.7 million in 2019. Despite the drop, we still surpassed a revenue milestone of above S$50 million for the second consecutive year.

Annual Publication - The Future Unveiled
With GDP growth in Singapore likely to stay muted in the short-term future and hovering at the 1% to 3% mark in 2017, EQ Insurance is expecting the next few years to be a challenging environment for the industry.

Annual Publication - Shaping Our Future Together
In spite of the challenging economic climate, EQ Insurance was able to show an increase in gross written premium for 2015, compared to the preceding year.