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Hong Kong Non-Life Insurance Market to 2027

Publisher MarketLine
Published Nov 17, 2023
Length 45 Pages
SKU # MTLN18457182

Description

Hong Kong Non-Life Insurance Market to 2027


Summary
Non-Life Insurance in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Hong Kongese non-life insurance market had total gross written premiums of $6.2 billion in 2022, representing a compound annual growth rate (CAGR) of 6% between 2017 and 2022.
  • The liability segment accounted for the market's largest proportion in 2022, with total gross written premiums of $1.6 billion, equivalent to 25.8% of the market's overall value.
  • In 2022, the Hong Kongese non-life insurance market witnessed an annual growth of 5.4% due to the higher rates for the medical subclass and new coverages.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Hong Kong
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Hong Kong
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the Hong Kong non-life insurance market by value in 2022?
  • What will be the size of the Hong Kong non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Hong Kong non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Hong Kong's non-life insurance market?

Table of Contents

45 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. China Life Insurance Co Ltd
8.2. China Pacific Insurance (Group) Co Ltd
8.3. PICC Property and Casualty Co Ltd
8.4. Ping An Insurance (Group) Company of China, Ltd.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Hong Kong non-life insurance market value: $ billion, 2017–22
Table 2: Hong Kong non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Hong Kong non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Hong Kong non–life insurance market geography segmentation: $ billion, 2022
Table 5: Hong Kong non-life insurance market value forecast: $ billion, 2022–27
Table 6: China Life Insurance Co Ltd: key facts
Table 7: China Life Insurance Co Ltd: Key Employees
Table 8: China Life Insurance Co Ltd: Key Employees Continued
Table 9: China Pacific Insurance (Group) Co Ltd: key facts
Table 10: China Pacific Insurance (Group) Co Ltd: Annual Financial Ratios
Table 11: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 12: PICC Property and Casualty Co Ltd: key facts
Table 13: PICC Property and Casualty Co Ltd: Annual Financial Ratios
Table 14: PICC Property and Casualty Co Ltd: Key Employees
Table 15: Ping An Insurance (Group) Company of China, Ltd.: key facts
Table 16: Ping An Insurance (Group) Company of China, Ltd.: Annual Financial Ratios
Table 17: Ping An Insurance (Group) Company of China, Ltd.: Key Employees
Table 18: Ping An Insurance (Group) Company of China, Ltd.: Key Employees Continued
Table 19: Hong Kong size of population (million), 2018–22
Table 20: Hong Kong gdp (constant 2005 prices, $ billion), 2018–22
Table 21: Hong Kong gdp (current prices, $ billion), 2018–22
Table 22: Hong Kong inflation, 2018–22
Table 23: Hong Kong consumer price index (absolute), 2018–22
Table 24: Hong Kong exchange rate, 2018–22
List of Figures
Figure 1: Hong Kong non-life insurance market value: $ billion, 2017–22
Figure 2: Hong Kong non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Hong Kong non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: Hong Kong non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in Hong Kong, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Hong Kong, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Hong Kong, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Hong Kong, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Hong Kong, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Hong Kong, 2022

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