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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.

The Company's ultimate holding company is Citystate Capital Asia Pte Ltd, a corporate entity incorporated in Singapore which owns 100% of EQ Insurance. The wider Group operates both general insurance companies and insurance brokerage firms with an established corporate presence across Singapore, Indonesia, China, and India. The Company maintains no material holding companies or operational subsidiaries beneath its local Singapore entity.

More information about our profile, key products and business objectives can be found under ‘About Us’ on our website.

 

 

News
Annual Publication - From Strength to Strength
Annual Publication - From Strength to Strength
Despite rising geopolitical tensions and global economic uncertainties, Singapore’s economy demonstrated resilience by expanding 5.0% in 2025. The local insurance sector, though, grew at a more moderate pace of 2.0% during the year.
Annual Publication - Reaching New Growth Heights
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 - Delivering Excellence
Annual Publication - Delivering Excellence
In 2023, Singapore navigated global economic headwinds, including inflation, high interest rates, and geopolitical uncertainties. Despite these challenges, Singapore GDP grew 1.1% albeit at a slower pace than last year.
Annual Publication - Geared Toward The Future, Primed For Performance
Annual Publication - Geared Toward The Future, Primed For Performance
2024 was not an easy year for the global economy, but Singapore stood firm with a solid 4.4% GDP growth. The Finance & Insurance sector played a key role in this resilience, but within it, the insurance sub-sector posted relatively slower growth at 3.4%.
Annual Publication - Embracing A Digital Future
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
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
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
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
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
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.

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