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Growth in Hong Kong's health insurance industry grew almost 7% between 2008-12

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Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-20 10:35:02
The Hong Kong personal accident and health insurance segment recorded growth during the review period, with the segment´s written premium value increasing at a CAGR of 6.9%. This growth was driven by an increase in healthcare expenditure, a rise in the volume of outbound tourists, favorable government initiatives and growing consumer awareness of the benefits of insurance products.

Furthermore, Hong Kong´s positive economic outlook is expected to drive the growth of the segment over the forecast period. According to the IMF, Hong Kong´s GDP at current price is expected to increase at a CAGR of 8.1% over the forecast period, to reach a projected value of HKD3.0 trillion (US$387.2 billion) in 2017.

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