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Insurance in Hong Kong

Insurance in Hong Kong

Summary

Insurance in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Hong Kong insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The Hong Kong insurance market had total gross written premiums of $56.4bn in 2016, representing a compound annual growth rate (CAGR) of 14.7% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $51.9bn, equivalent to 92% of the market's overall value.

The market is expected to sustain growth deceleration during the forecast period as the stimulus effect of higher interest rates for demand of life insurance will be curbed. In fact, no further interest rate hikes are anticipated in the short term in the future as the economy recorded a slight growth deceleration in 2016.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Hong Kong
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Hong Kong
  • Leading company profiles reveal details of key insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong insurance market with five year forecasts
Reasons to buy
  • What was the size of the Hong Kong insurance market by value in 2016?
  • What will be the size of the Hong Kong insurance market in 2021?
  • What factors are affecting the strength of competition in the Hong Kong insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Hong Kong's insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AIA Group Limited
BOC Group Life Assurance Company Limited
China Life Insurance Company Limited
Prudential Plc
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Hong Kong insurance market value: $ billion, 2012-16
Table 2: Hong Kong insurance market category segmentation: $ billion, 2016
Table 3: Hong Kong insurance market geography segmentation: $ billion, 2016
Table 4: Hong Kong insurance market value forecast: $ billion, 2016-21
Table 5: AIA Group Limited: key facts
Table 6: AIA Group Limited: key financials ($)
Table 7: AIA Group Limited: key financial ratios
Table 8: BOC Group Life Assurance Company Limited: key facts
Table 9: China Life Insurance Company Limited: key facts
Table 10: China Life Insurance Company Limited: key financials ($)
Table 11: China Life Insurance Company Limited: key financials (CNY)
Table 12: China Life Insurance Company Limited: key financial ratios
Table 13: Prudential Plc: key facts
Table 14: Prudential Plc: key financials ($)
Table 15: Prudential Plc: key financials (£)
Table 16: Prudential Plc: key financial ratios
Table 17: Hong Kong size of population (million), 2012-16
Table 18: Hong Kong gdp (constant 2005 prices, $ billion), 2012-16
Table 19: Hong Kong gdp (current prices, $ billion), 2012-16
Table 20: Hong Kong inflation, 2012-16
Table 21: Hong Kong consumer price index (absolute), 2012-16
Table 22: Hong Kong exchange rate, 2012-16
List of Figures
Figure 1: Hong Kong insurance market value: $ billion, 2012-16
Figure 2: Hong Kong insurance market category segmentation: % share, by value, 2016
Figure 3: Hong Kong insurance market geography segmentation: % share, by value, 2016
Figure 4: Hong Kong insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the insurance market in Hong Kong, 2016
Figure 6: Drivers of buyer power in the insurance market in Hong Kong, 2016
Figure 7: Drivers of supplier power in the insurance market in Hong Kong, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Hong Kong, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance market in Hong Kong, 2016
Figure 10: Drivers of degree of rivalry in the insurance market in Hong Kong, 2016
Figure 11: AIA Group Limited: revenues & profitability
Figure 12: AIA Group Limited: assets & liabilities
Figure 13: China Life Insurance Company Limited: revenues & profitability
Figure 14: China Life Insurance Company Limited: assets & liabilities
Figure 15: Prudential Plc: revenues & profitability
Figure 16: Prudential Plc: assets & liabilities

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