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Hong Kong Insurance Report Q3 2015


Attention: There is an updated edition available for this report.

Hong Kong Insurance Report Q3 2015

BMI View: Despite already high rates of penetration, particularly in the life sector, Hong Kong's insurancemarket continues to expand, driven by domestic economic growth and strong demand for a broad range ofinsurance products across both life and non-life insurance. We expect premiums across most lines toincrease throughout the forecast period, although motor insurance will underperform due to a stalled autossegment, while general liability insurance will be the star performer.

Despite being one of the top 10 most penetrated insurance markets in the world, with a life insurancepenetration of 12.8% of GDP, we expect the Hong Kong insurance market to continue growing steadilyover the coming years and as a result life insurance penetration will rise to 13.8% by the end of our currentforecast period in 2019. With the Hong Kong dollar pegged to the US dollar (USD) historically, growth inlocal currency terms is synonymous with growth in USD terms.


BMI Industry View
SWOT
Insurance
Political SWOT
Economic SWOT
Operational Risk SWOT
Industry Forecast
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Hong Kong 2012-2019)
Life Insurance Claims
Table: Life Insurance Claims (Hong Kong 2007-2014)
Life Insurance Drivers
Table: Life Expectancy By Gender (Hong Kong 2012-2019)
Table: Demographic Breakdown (Hong Kong 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Hong Kong 2012-2019)
Table: Net Non-Life Premiums Written (Hong Kong 2012-2019)
Non-Life Reinsurance
Table: Reinsurance Non-Life Premiums Written (Hong Kong 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Hong Kong 2007-2014)
Table: Non-Life Insurance Claims By Line (Hong Kong 2007-2014)
Non-Life Insurance Assets
Table: Assets (Hong Kong 2007-2014)
Non-Life Sub-Sectors Forecast
Table: Non-Life % Breakdown (Hong Kong 2012-2019)
Motor and Transport Insurance
Table: Motor Vehicle Insurance (Hong Kong 2012-2019)
Table: Insurance Key Drivers, Autos (Hong Kong 2012-2019)
Table: Transport Insurance (Hong Kong 2012-2019)
Table: Insurance Key Drivers, Freight Tonnage (Hong Kong 2012-2019)
Property Insurance
Table: Property Insurance (Hong Kong 2012-2019)
Health and Personal Accident Insurance
Table: Health and Personal Accident Insurance (Hong Kong 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Hong Kong 2012-2019)
Liability and Credit Insurance
Table: General Liability Insurance (Hong Kong 2012-2019)
Table: Credit/Financial Guarantee Insurance (Hong Kong 2012-2019)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index
Market Overview
Life Market Overview
Table: Life Insurance Market (USDmn) 2007-2014
Table: Life Insurance Market (%) 2007-2014
Non-Life Market Overview
Table: Non-Life Insurance Market (USDmn) 2007-2014
Table: Non-Life Insurance Market (%) 2007-2014
Company Profile
Ageas
AIA Group
American International Group (AIG)
AXA
HSBC Insurance
Manulife Financial
MetLife
Prudential plc
Sun Life Financial
Zurich Insurance Group
Demographic Forecast
Table: Population Headline Indicators (Hong Kong 1990-2025)
Table: Key Population Ratios (Hong Kong 1990-2025)
Table: Urban/Rural Population And Life Expectancy (Hong Kong 1990-2025)
Table: Population By Age Group (Hong Kong 1990-2025)
Table: Population By Age Group % (Hong Kong 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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