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"Hong Kong Insurance Report Q1 2014" Published

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2013-12-29 16:50:06 - Fast Market Research recommends "Hong Kong Insurance Report Q1 2014" from Business Monitor International, now available

As of late 2013, developments in the industry highlight Hong Kong's position as a large, rapidly growing and dynamic market for non-life and life insurance.

Key Insights And Key Risks

As of late 2013, developments in the industry highlight Hong Kong's position as a large, rapidly growing and dynamic market for non-life and life insurance. The coming months will likely include the establishment of the new Independent Insurance Authority as the successor to the Office of the Commissioner for Insurance (OCI). Other protagonists include the local subsidiaries of many of the world's leading (re)insurance companies. Although they differ widely in their areas of interest and business models, almost all of them are able to achieve substantial economies of scale in their operations

across the Asia Pacific region as a whole.

Full Report Details at
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In the non-life segment, growth is being driven by: the economic expansion of China, for which Hong Kong is a crucial services centre; the general development of the Asia Pacific region; pricing discipline in what is quite a fragmented market; new regulations, such as those that require apartment block owners' corporations to take out liability cover; and initiatives carried out by particular companies. In relation to the latter, marine insurers, for instance, are looking for new opportunities from the further development of Hong Kong as a trading port. Health insurance premiums are being boosted by demographics given that the population is ageing. A key development in the last year or so has been the purchase in early March 2012 of the Hong Kong non-life insurance operations of HSBC Insurance and Hang Seng Insurance by AXA and QBE, respectively. Both of these insurers will benefit from long-term bancassurance deals with HSBC and Hang Seng. AXA is now the largest player in the Special Administrative Region's non-life segment, with a low double-digit market share.

Bancassurance is also a major theme in the SAR's life segment, and has contributed to the ongoing growth of premiums through 2013. Yuan-denominated life products and sales of life insurance to mainland Chinese visitors continue to grow in importance.

Report Table of Contents:

BMI Industry View
- Table: Total Premiums, 2010-2017
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Total Life Premiums, 2010-2017
- Non Life
- Table: Total Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Asia Pacific Industry Risk/Reward Ratings
- Table: Asia Pacific Insurance Risk/Reward Ratings
- Hong Kong Insurance Risk/Reward Ratings
- Table: Hong Kong's Insurance Risk/Reward Ratings
Market Overview
- Life Sector Update
- Non Life Sector Update
Industry Trends And Developments
- Life Growth Drivers and Risk Management Projections
- Population
- Table: Insurance Key Drivers, Demographics 2010-2017
- Non Life Growth Drivers and Risk Management Projections
- Macroeconomic Outlook
- Table: Hong Kong - Economic Activity
- Political Stability Outlook
- Table: Asia Pacific Regional Security Ratings
- Healthcare Sector
- Healthcare Financing
- Healthcare Insurance
- Epidemiology
- Motor
- Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
- Hong Kong Competitive Landscape
- Asia Pacific Competitive Landscape
Company Profile
- Ageas
- Allianz
- American International Group (AIG)
- HSBC Insurance
- Manulife Financial
- MetLife
- Prudential Financial
- Prudential plc
- Sun Life Financial
- Zurich Insurance Group
Regional Overview
- Asia Life Sector Overview
- Table: Asia Pacific Life Premiums, 2010-2017 (US$mn)
- Asia Non-Life Sector Overview
- Table: Asia Pacific's Non Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
- Demographic Outlook
- Table: Hong Kong's Population By Age Group, 1990-2020 ('000)
- Table: Hong Kong's Population By Age Group, 1990-2020 (% of total)
- Table: Hong Kong's Key Population Ratios, 1990-2020
- Table: Hong Kong's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

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