Yes. AI companies buy records from insurance brokers, and micro1, Mercor and Handshake AI accept companies in Singapore. Published payouts for this kind of company run S$130K to S$640K ($100K to $500K), from micro1's qualified-partnership tier. MAS regulates insurance brokers under the Insurance Act, and health details need care under the PDPA.
What insurance broker records AI buyers want
Broker servicing records for regional clients often span several countries, so each country's rules apply.
Mercor and Handshake AI both name finance and insurance; Mercor lists statements, underwriting files and claims.
| Record | Why buyers want it |
|---|---|
| Underwriting files | Mercor lists underwriting files and claims among the records it wants. |
| Claims workflows | Multi-step decisions with clear outcomes. |
| Policy servicing tickets | High-volume, repeatable work. |
| Quoting and renewal processes | Document how risk is priced in practice. |
Which AI data buyers accept Singapore insurance brokers
With no tax treaty, the full 30% US withholding applies unless the deal is structured as a service performed abroad.
| Buyer | Fit for Singapore | What to know |
|---|---|---|
| micro1 | Partial fit | Closed companies with 50+ peak staff; operating companies considered case by case; lists financial services |
| Mercor | Good fit | Names finance and insurance; wants underwriting files and claims; pays by wire on delivery |
| Handshake AI | Possible | Names finance and insurance; 20+ staff and 3+ years; accepts companies outside the US |
| Turing | Possible | Full operating records up to $1M; strongest demand in the US, UK, Canada and EU |
Published payouts in SGD
Micro1's qualified-partnership tier is the closest published figure for insurance brokers, converted to SGD. Larger programs pay more for long, linked histories.
| Published figure | USD | SGD |
|---|---|---|
| micro1, qualified partnership | $100K to $500K | S$130K to S$640K |
| micro1, large-scale datasets | $500K to $2M | S$640K to S$2.6M |
| Handshake AI, advertised range | $100K to $4M+ | S$130K to S$5.1M+ |
Singapore rules for insurance brokers
MAS regulates insurance brokers under the Insurance Act, and health details need care under the PDPA.
Any personal data left in the records falls under Personal Data Protection Act 2012 (PDPA); the Singapore privacy steps apply to every industry. Before anything leaves, exclude:
- Policyholder health and claims details.
- Payment and identity information.
- Carrier data restricted by agency agreements.
Can an insurance agency license claims files?
Claims files often contain health and injury details, which are special-category or sensitive data in most countries. Quoting, renewal and servicing workflows carry the same judgment with far less personal data, so they are the usual starting point.
Our guide covers this in depth: Licensing healthcare operational data for AI.
US tax on the license fee
For Singapore: 30%: there is no US-Singapore income tax treaty.
Source: IRS: Tax treaty tables
Common questions
Do AI companies buy insurance broker data in Singapore?
Yes. micro1, Mercor, Handshake AI and Turing accept companies in Singapore. Broker servicing records for regional clients often span several countries, so each country's rules apply.
How much do AI companies pay for insurance broker data?
Published payouts for this kind of company run S$130K to S$640K ($100K to $500K), from micro1's qualified-partnership tier, with larger tiers for big or unique datasets. Actual offers depend on your records and rights.
Is it legal for an insurance broker in Singapore to sell company data?
MAS regulates insurance brokers under the Insurance Act, and health details need care under the PDPA.
Can an insurance agency license claims files?
Claims files often contain health and injury details, which are special-category or sensitive data in most countries. Quoting, renewal and servicing workflows carry the same judgment with far less personal data, so they are the usual starting point.
Sources and further reading
Origin Data Partners is independent and not affiliated with any buyer named on this page.