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  4. > Hong Kong Insurance Report Q4 2015

Hong Kong Insurance Report Q4 2015

  • September 2015
  • -
  • Business Monitor International
  • -
  • 73 pages

Includes 3 FREE quarterly updates

BMI View: Hong Kong remains an insurance market that, by world standards, is large, rapidly growingand highly sophisticated. The expansion is being driven by: the continuing accumulation of savings; sales ofwealth and protection products to mainland visitors; product innovation; rising demand for accident andhealth insurance; greater volumes (and prices) for general liability insurance; and the ongoing expansionof China's economy.Recent events in Hong Kong's insurance sector highlight how it is remains one of the most sophisticatedand dynamic of any worldwide. The sector is dominated by the life insurance segment which, itself, has anumber of key elements.

These include the provision of protection and savings products in a territory thatlacks the social security systems that are the norm in (very) rich countries in other parts of the world. Theinsurers and their affiliates are also providers of annuities, Mandatory Provident Fund (MPF) and otherretirement savings solutions - most of which would normally be regarded as the traditional offerings of assetmanagement companies rather than life insurance companies. The Special Administrative Region's status asthe regional services centre for South China and Greater China means that the provision of group/corporatelife insurance solutions to multi-national corporates is also a very substantial business.

Table Of Contents

Hong Kong Insurance Report Q4 2015
BMI Industry View 7
SWOT 10
Insurance 10
Political 12
Economic 13
Operational Risk 14
Industry Forecast 16
Life Premiums Forecast 16
Life Premiums 17
Table: Gross Life Premiums Written (Hong Kong 2012-2019) 18
Life Insurance Claims 18
Table: Life Insurance Claims (Hong Kong 2007-2014) 19
Life Insurance Drivers 19
Table: Life Expectancy by Gender (Hong Kong 2012-2019) 20
Table: Demographic Breakdown (Hong Kong 2012-2019) 20
Non-Life Premiums Forecast 21
Non-Life Premiums 22
Table: Gross Non-Life Premiums Written (Hong Kong 2012-2019) 22
Table: Net Non-Life Premiums Written (Hong Kong 2012-2019) 23
Non-Life Reinsurance 23
Table: Reinsurance Non-Life Premiums Written (Hong Kong 2012-2019) 23
Non-Life Claims 24
Table: Non-Life Insurance Claims (Hong Kong 2007-2014) 24
Table: Non-Life Insurance Claims by Line (Hong Kong 2007-2014) 25
Non-Life Insurance Assets 25
Table: Assets (Hong Kong 2007-2013) 26
Non-Life Sub-Sectors Forecast 27
Table: Non-Life % Breakdown (Hong Kong 2012-2019) 27
Motor and Transport Insurance 28
Table: Motor Vehicle Insurance (Hong Kong 2012-2019) 29
Table: Insurance Key Drivers, Autos (Hong Kong 2012-2019) 29
Table: Transport Insurance (Hong Kong 2012-2019) 30
Table: Insurance Key Drivers, Freight Tonnage (Hong Kong 2012-2019) 31
Property Insurance 31
Table: Property Insurance (Hong Kong 2012-2019) 32
Health and Personal Accident Insurance 32
Table: Health and Personal Accident Insurance (Hong Kong 2012-2019) 32
Table: Insurance Key Drivers, Private Health Expenditure (Hong Kong 2012-2019) 33
Liability and Credit Insurance 33
Table: General Liability Insurance (Hong Kong 2012-2019) 34
Table: Credit/Financial Guarantee Insurance (Hong Kong 2012-2019) 35
Industry Risk Reward Ratings 36
Asia Pacific Industry Risk/Reward Index 36
Table: Asia Pacific Insurance Risk/Reward Index 37
Market Overview 38
Life Market Overview 38
The Product Offering 38
Table: Life Insurance Market (USDmn), 2007-2014 39
The Competitive Landscape 40
Table: Life Insurance Market (%), 2007-2014 40
Non-Life Market Overview 42
The Product Offering 43
Table: Non-Life Insurance Market (2007-2014), USDmn 43
The Competitive Landscape 44
Table: Non-Life Insurance Market (%) 2007-2014 45
Company Profile 46
AIA Group 46
AXA 50
HSBC Insurance 53
Manulife Financial 55
Prudential plc 57
Sun Life Financial 60
Demographic Forecast 62
Table: Population Headline Indicators (Hong Kong 1990-2025) 63
Table: Key Population Ratios (Hong Kong 1990-2025) 63
Table: Urban/Rural Population And Life Expectancy (Hong Kong 1990-2025) 64
Table: Population By Age Group (Hong Kong 1990-2025) 64
Table: Population By Age Group % (Hong Kong 1990-2025) 65
Methodology 67
Industry Forecast Methodology 67
Risk/Reward Index Methodology 70
Table: Indicators 72
Table: Weighting of Indicators 73

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