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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 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.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 $60.9bn in 2017, representing a compound annual growth rate (CAGR) of 13.2% between 2013 and 2017.
  • The life segment was the market's most lucrative in 2017, with total gross written premiums of $56.0bn, equivalent to 92% of the market's overall value.
  • Hong Kong has some of the highest insurance penetration rates globally. According to Swiss Re, Hong Kong’s insurance penetration was 17.9% of GDP, primarily down to its extremely high life insurance penetration rates.
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 2017?
  • What will be the size of the Hong Kong insurance market in 2022?
  • 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 share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
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 Hong Kong (Holdings) Ltd
China Life Insurance Co Ltd
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, 2013-17
Table 2: Hong Kong insurance market category segmentation: $ billion, 2017
Table 3: Hong Kong insurance market geography segmentation: $ billion, 2017
Table 4: Hong Kong insurance market share: % share, by value, 2017
Table 5: Hong Kong insurance market value forecast: $ billion, 2017-22
Table 6: AIA Group Limited: key facts
Table 7: AIA Group Limited: key financials ($)
Table 8: AIA Group Limited: key financial ratios
Table 9: BOC Hong Kong (Holdings) Ltd: key facts
Table 10: BOC Hong Kong (Holdings) Ltd: key financials ($)
Table 11: BOC Hong Kong (Holdings) Ltd: key financials (HK$)
Table 12: BOC Hong Kong (Holdings) Ltd: key financial ratios
Table 13: China Life Insurance Co Ltd: key facts
Table 14: China Life Insurance Co Ltd: key financials ($)
Table 15: China Life Insurance Co Ltd: key financials (CNY)
Table 16: China Life Insurance Co Ltd: key financial ratios
Table 17: Prudential Plc: key facts
Table 18: Prudential Plc: key financials ($)
Table 19: Prudential Plc: key financials (£)
Table 20: Prudential Plc: key financial ratios
Table 21: Hong Kong size of population (million), 2013-17
Table 22: Hong Kong gdp (constant 2005 prices, $ billion), 2013-17
Table 23: Hong Kong gdp (current prices, $ billion), 2013-17
Table 24: Hong Kong inflation, 2013-17
Table 25: Hong Kong consumer price index (absolute), 2013-17
Table 26: Hong Kong exchange rate, 2013-17
List of Figures
Figure 1: Hong Kong insurance market value: $ billion, 2013-17
Figure 2: Hong Kong insurance market category segmentation: % share, by value, 2017
Figure 3: Hong Kong insurance market geography segmentation: % share, by value, 2017
Figure 4: Hong Kong insurance market share: % share, by value, 2017
Figure 5: Hong Kong insurance market value forecast: $ billion, 2017-22
Figure 6: Forces driving competition in the insurance market in Hong Kong, 2017
Figure 7: Drivers of buyer power in the insurance market in Hong Kong, 2017
Figure 8: Drivers of supplier power in the insurance market in Hong Kong, 2017
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Hong Kong, 2017
Figure 10: Factors influencing the threat of substitutes in the insurance market in Hong Kong, 2017
Figure 11: Drivers of degree of rivalry in the insurance market in Hong Kong, 2017
Figure 12: AIA Group Limited: revenues & profitability
Figure 13: AIA Group Limited: assets & liabilities
Figure 14: BOC Hong Kong (Holdings) Ltd: revenues & profitability
Figure 15: BOC Hong Kong (Holdings) Ltd: assets & liabilities
Figure 16: China Life Insurance Co Ltd: revenues & profitability
Figure 17: China Life Insurance Co Ltd: assets & liabilities
Figure 18: Prudential Plc: revenues & profitability
Figure 19: Prudential Plc: assets & liabilities

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