Research and Markets: Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/22srfq/nonlife) has announced the addition of the "Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2018" report to their offering.

The Hong Kong non-life insurance segment grew at a review-period (2009-2013) compound annual growth rate (CAGR) of 10.6%, primarily supported by rising motor vehicle sales, increased construction activity and a favorable regulatory environment. The increasing volume of construction and infrastructure projects drove demand for property insurance during the review period, supported the non-life segment. The non-life segment's gross written premium grew at a review-period CAGR of 10.6%, and is expected to increase at a forecast-period (2014-2018) CAGR of 8.9%) in 2018. Property insurance was the largest category, in terms of gross written premium, during the review period accounting for 37.6% of the segment's gross written premium in 2013. Liability insurance was the second-largest category in 2013.

Key Highlights

  • Despite the global financial crisis, the Hong Kong non-life insurance segment grew at a review-period CAGR of 10.6%.
  • Property insurance was the segment's leading category in 2013, accounting for 37.6% of its gross written premium.
  • The OCI is reviewing insurers' solvency and capital regimes, and plans to set up a risk-based capital framework for Hong Kong to be implemented by 2016.
  • Property insurance is expected to be the second-largest category in 2018
  • Rising motor vehicle sales, increased construction activity and the presence of mandatory employees' compensation, and motor third-party liability insurance supported the non-life segment's growth

Key Topics Covered:

1 Key Facts and Events

2 Executive Summary

3 Introduction

4 Hong Kong Insurance Industry Attractiveness

5 Non-Life Insurance Outlook

6 Analysis by Distribution Channel

7 Governance, Risk and Compliance

8 Competitive Landscape and Strategic Insights

9 Appendix

Companies Mentioned

  • Z├╝rich Insurance (Hong Kong) Ltd
  • China Taiping Insurance (HK) Company Ltd
  • Axa General Insurance Hong Kong Ltd
  • Bank of China Group Insurance Company Ltd
  • QBE Hongkong & Shanghai Insurance Ltd
  • AIG Insurance Hong Kong Ltd
  • Asia Insurance Company, Ltd
  • MSIG Insurance (Hong Kong) Ltd
  • Lloyd's Underwriters
  • ACE Insurance Ltd (Hong Kong)

For more information visit http://www.researchandmarkets.com/research/22srfq/nonlife

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance