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Reinsurance in Hong Kong, Key Trends and Opportunities to 2017

Hong Kong reinsurance industry increased at a CAGR of 17.5% between 2008-12


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2014-03-20 10:37:02 - Reinsurance in Hong Kong, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

The popularity of Hong Kong as a reinsurance hub and the anticipated growth of the life, non-life, and personal accident and health segments are expected to drive the growth of the Hong Kong reinsurance segment over the forecast period.

Reinsurance companies operating in Hong Kong generate a considerable proportion of their revenue from offshore business, with the frequent occurrence of natural disasters in primary offshore markets of the Asia-Pacific region forcing insurance companies to cede part of their premiums to reinsurers to avoid substantial incurred loss. Overall, the written premium of the Hong Kong reinsurance segment increased at a review-period CAGR of 17.5%.

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