The Hong Kong non-life insurance segment recorded strong growth during the review period, primarily supported by rising motor vehicle sales, an increase in construction activity and a favorable regulatory framework. Hong Kong's increasing volume of construction and infrastructure projects drove demand for property insurance during the review period. The written premium of the non-life segment increased, at a compound annual growth rate (CAGR) of 7.5% during the review period (2008–2012). General liability was the leading category in the segment, accounting for 43.1% of the written premium in 2012, followed by property insurance with a 27.9% share, motor insurance with 18.2%, and marine, aviation and transit insurance with 10.8%.
The report provides in depth market analysis, information and insights into Hong Kong's non-life insurance segment, including:
- Hong Kong's non-life insurance segment's growth prospects by non-life insurance categories
- Key trends and drivers for the non-life insurance segment
- The various distribution channels in Hong Kong's non-life insurance segment
- Detailed competitive landscape in the non-life insurance segment in Hong Kong
- Detailed regulatory framework of Hong Kong's insurance industry
- A description of the non-life reinsurance segment in Hong Kong
- Porter's Five Forces Analysis of the non-life insurance segment
- Benchmarking section on Hong Kong's non-life insurance segment in comparison to other countries in the South-East Asian region
Scope:
This report provides a comprehensive analysis of the non-life insurance segment in Hong Kong:
- It provides historical values for Hong Kong's non-life insurance segment for the report's 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It offers a detailed analysis of the key sub-segments in Hong Kong's non-life insurance segment, along with market forecasts until 2017
- It covers an exhaustive list of parameters including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for non-life insurance products in Hong Kong
- Using Porter's industry-standard “Five Forces” analysis, it details the competitive landscape in Hong Kong for the non-life insurance segment
- It provides a detailed analysis of the reinsurance segment in Hong Kong and its growth prospects
- It profiles the top non-life insurance companies in Hong Kong and outlines the key regulations affecting them
Reasons To Buy:
- Make strategic business decisions using in depth historic and forecast market data related to Hong Kong's non-life insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within Hong Kong's non-life insurance segment
- Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing Hong Kong's insurance industry and its impact on companies and the market's future
Key Highlights:
- The Hong Kong non-life insurance segment recorded strong growth during the review period, primarily supported by rising motor vehicle sales, an increase in construction activity and a favorable regulatory framework
- The written premium of the non-life segment increased from HKD14.3 billion (US$1.8 billion) in 2008 to HKD19.1 billion (US$2.5 billion) in 2012, at a compound annual growth rate (CAGR) of 7.5% during the review period
- General liability was the leading category in the segment in 2012, accounting for 43.1% of written premiums. Property insurance was the second-largest category in the segment in 2012, accounting for 27.9% of written premiums
- Insurance brokers represented the second-largest distribution channel in the non-life segment in 2012, accounting for 26.1% of the written premium
- The Hong Kong non-life segment is fragmented with the 10 leading companies collectively accounting for 50.4% of the segment's written premium in 2011.
Spanning over 279 pages, 183 tables and 202 figures, “Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2017” report provides information on market overview, drivers and challenge, competition and key trends.
In addition to covering The Regional Market Dynamics, Non-Life Insurance Segment– Regional Benchmarking, Hong Kong Insurance Industry Attractiveness, Non-Life Insurance Outlook, Analysis by Distribution Channels, Porter's Five Forces Analysis – Hong Kong Non-Life Insurance, Reinsurance Growth Dynamics and Challenges, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Business Environment and Country Risk and Appendix. The report cover 10 companies- AIG Insurance Hong Kong Ltd, Bank of China Group Insurance Company Ltd, Zurich Insurance (Hong Kong), China Taiping Insurance Holdings Company Ltd, QBE Hong Kong & Shanghai Insurance Ltd, MSIG Insurance (Hong Kong) Ltd, HSBC Insurance (Asia) Ltd, The Hong Kong Mortgage Corporation Ltd, Wing Lung Insurance Company Ltd, Axa General Insurance Hong Kong Ltd.
For more information visit: http://www.marketresearchreports.com/timetric/non-life-insurance-hong-kong-key-trends-and-opportunities-2017
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