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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.

Citystate Capital Asia Pte Ltd owns 100% of EQ Insurance and is headquartered in Singapore.  It owns both general insurance companies and insurance brokerage firms, with a presence in Singapore, Indonesia, China and India.

 

 

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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 - 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 - 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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