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Insurance in Hong Kong

  • January 2016
  • -
  • MarketLine
  • -
  • 39 pages

Introduction

Insurance in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Hong Kong insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Hong Kong insurance market is expected to generate total gross written premiums of $52.8bn in 2015, representing a compound annual growth rate (CAGR) of 16.2% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $48.5bn, equivalent to 91.9% of the market's overall value.

- Non-life insurance premium growth has been weaker than life-insurance growth, with any growth seen driven largely by accident and health policies.

Features

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Hong Kong

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Hong Kong

- Leading company profiles reveal details of key insurance market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong insurance market with five year forecasts

- Macroeconomic indicators provide insight into general trends within the Hong Kong economy

Key Questions Answered

- What was the size of the Hong Kong insurance market by value in 2015?

- What will be the size of the Hong Kong insurance market in 2020?

- What factors are affecting the strength of competition in the Hong Kong insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up Hong Kong's insurance market?

Table Of Contents

Insurance in Hong Kong
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 15
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
AIA Group Limited 20
AXA 23
Ping An Insurance (Group) Company of China, Ltd. 27
Prudential Financial, Inc. 30
Macroeconomic Indicators 34
Country Data 34
Methodology 36
Industry associations 37
Related MarketLine research 37
Appendix 38
About MarketLine 38

List of Tables
Table 1: Hong Kong insurance market value: $ billion, 2011-15(e)
Table 2: Hong Kong insurance market category segmentation: $ billion, 2015(e)
Table 3: Hong Kong insurance market geography segmentation: $ billion, 2015(e)
Table 4: Hong Kong insurance market value forecast: $ billion, 2015-20
Table 5: AIA Group Limited: key facts
Table 6: AIA Group Limited: key financials ($)
Table 7: AIA Group Limited: key financial ratios
Table 8: AXA: key facts
Table 9: AXA: key financials ($)
Table 10: AXA: key financials (€)
Table 11: AXA: key financial ratios
Table 12: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 13: Ping An Insurance (Group) Company of China, Ltd.: key financials ($)
Table 14: Ping An Insurance (Group) Company of China, Ltd.: key financials (CNY)
Table 15: Ping An Insurance (Group) Company of China, Ltd.: key financial ratios
Table 16: Prudential Financial, Inc.: key facts
Table 17: Prudential Financial, Inc.: key financials ($)
Table 18: Prudential Financial, Inc.: key financial ratios
Table 19: Hong Kong size of population (million), 2011-15
Table 20: Hong Kong gdp (constant 2005 prices, $ billion), 2011-15
Table 21: Hong Kong gdp (current prices, $ billion), 2011-15
Table 22: Hong Kong inflation, 2011-15
Table 23: Hong Kong consumer price index (absolute), 2011-15
Table 24: Hong Kong exchange rate, 2011-15

List of Figures
Figure 1: Hong Kong insurance market value: $ billion, 2011-15(e)
Figure 2: Hong Kong insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Hong Kong insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Hong Kong insurance market value forecast: $ billion, 2015-20
Figure 5: Forces driving competition in the insurance market in Hong Kong, 2015
Figure 6: Drivers of buyer power in the insurance market in Hong Kong, 2015
Figure 7: Drivers of supplier power in the insurance market in Hong Kong, 2015
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Hong Kong, 2015
Figure 9: Factors influencing the threat of substitutes in the insurance market in Hong Kong, 2015
Figure 10: Drivers of degree of rivalry in the insurance market in Hong Kong, 2015
Figure 11: AIA Group Limited: revenues and profitability
Figure 12: AIA Group Limited: assets and liabilities
Figure 13: AXA: revenues and profitability
Figure 14: AXA: assets and liabilities
Figure 15: Ping An Insurance (Group) Company of China, Ltd.: revenues and profitability
Figure 16: Ping An Insurance (Group) Company of China, Ltd.: assets and liabilities
Figure 17: Prudential Financial, Inc.: revenues and profitability
Figure 18: Prudential Financial, Inc.: assets and liabilities

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