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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