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Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020

Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Hong Kong non-life insurance segment, and a comparison of the Hong Kong insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Hong Kong economy and demographics, explains the various types of natural hazard and their impact on the Hong Kong insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Hong Kong non-life insurance segment, including:

  • The Hong Kong non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Hong Kong economy and demographics
  • A comparison of the Hong Kong non-life insurance segment with its regional counterparts
  • The various distribution channels in the Hong Kong non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Hong Kong insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Hong Kong
  • Details of regulatory policy applicable to the Hong Kong insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Hong Kong:
  • It provides historical values for the Hong Kong non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Hong Kong non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Hong Kong non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Hong Kong.
  • It analyzes various natural and man-made hazards and their impact on the Hong Kong insurance industry
  • It profiles the top non-life insurance companies in Hong Kong, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Hong Kong non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Hong Kong non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Hong Kong insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Liability insurance was the largest category during the review period, in terms of direct written premium. The category accounted for 43.8% of the segment’s direct written premium.
  • Property insurance was the second-largest category, accounting for 34.9% of the segment’s gross written premium in 2015.
  • The Hong Kong non-life insurance segment is fragmented, with 10 leading insurers accounting for 48.1% of the gross written premium in 2015.


  • Key Facts and Highlights
    • Table Hong Kong Non-Life Insurance - Key Facts, 2014
    • Table Hong Kong Non-Life Insurance - Segment Shares of Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Hong Kong Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Hong Kong Non-Life Insurance - Gross Written Premium (HKD Billion and US$ Billion), 2011-2015
        • Table Hong Kong Non-Life Insurance - Penetration (%), 2011-2015
        • Table Hong Kong Non-Life Insurance - Gross Written Premium (HKD Billion and US$ Billion), 2015-2020
        • Table Hong Kong Non-Life Insurance - Penetration (%), 2015-2020
        • Table Hong Kong Non-Life Insurance - Premium per Capita (HKD and US$), 2011-2015
        • Table Hong Kong Non-Life Insurance - Premium per Capita (HKD and US$), 2015-2020
      • Claims
        • Table Hong Kong Non-Life Insurance - Paid Claims (HKD Billion and US$ Billion), 2011-2015
        • Table Hong Kong Non-Life Insurance - Paid Claims (HKD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Hong Kong Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Hong Kong Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Hong Kong Non-Life Insurance - Total Assets (HKD Billion and US$ Billion), 2011-2015
        • Table Hong Kong Non-Life Insurance - Total Assets (HKD Billion and US$ Billion), 2015-2020
        • Table Hong Kong Non-Life Insurance - Investment Portfolio (HKD Billion), 2011-2015
        • Table Hong Kong Non-Life Insurance - Investment Portfolio (HKD Billion), 2015-2020
  • Outlook by Category
    • Table Hong Kong Non-Life Insurance - Direct Written Premium by Category (HKD Billion), 2011-2015
    • Table Hong Kong Non-Life Insurance - Direct Written Premium by Category (HKD Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Hong Kong Property Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2011-2015
        • Table Hong Kong Property Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2015-2020
      • Claims
        • Table Hong Kong Property Insurance - Paid Claims (HKD Million and US$ Million), 2011-2015
        • Table Hong Kong Property Insurance - Paid Claims (HKD Million and US$ Million), 2015-2020
      • Profitability
        • Table Hong Kong Property Insurance - Loss Ratio (%), 2011-2015
        • Table Hong Kong Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Hong Kong Motor Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2011-2015
        • Table Hong Kong Motor Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2015-2020
      • Policies sold
        • Table Hong Kong Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Hong Kong Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Hong Kong Motor Insurance - Paid Claims (HKD Billion and US$ Billion), 2011-2015
        • Table Hong Kong Motor Insurance - Paid Claims (HKD Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Hong Kong Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Hong Kong Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Hong Kong Liability Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2011-2015
        • Table Hong Kong Liability Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2015-2020
      • Claims
        • Table Hong Kong Liability Insurance - Paid Claims (HKD Billion and US$ Million), 2011-2015
        • Table Hong Kong Liability Insurance - Paid Claims (HKD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Hong Kong Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Hong Kong Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Hong Kong Transport Network - Global Rankings
      • Premium
        • Table Hong Kong Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2011-2015
        • Table Hong Kong Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2015-2020
      • Claims
        • Table Hong Kong Marine, Aviation and Transit Insurance - Paid Claims (HKD Million and US$ Million), 2011-2015
        • Table Hong Kong Marine, Aviation and Transit Insurance - Paid Claims (HKD Million and US$ Million), 2015-2020
      • Profitability
        • Table Hong Kong Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Hong Kong Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Flooding
    • Storms
    • Landslides
    • Exposure
  • Competitive Landscape
    • Table Hong Kong Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • China Taiping Insurance (HK) Company Ltd - company overview
        • Table Insurance Company - Key Facts
      • Zurich Insurance (Hong Kong) Ltd - company overview
        • Table Insurance Company - Key Facts
      • Axa General Insurance Hong Kong Ltd - company overview
        • Table Insurance Company - Key Facts
      • QBE Hong Kong & Shanghai Insurance Ltd - company overview
        • Table Insurance Company - Key Facts
      • Bank of China Group Insurance Company Ltd - company overview
        • Table Insurance Company - Key Facts
  • Governance, Risk and Compliance
    • Table Hong Kong - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Hong Kong - Life Insurance Regulatory Framework
      • Property insurance
        • Table Hong Kong - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Hong Kong- Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Hong Kong - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Employee compensation insurance
      • Building owners' corporations third-party liability insurance
      • Professional indemnity insurance for insurance brokers
      • Civil aviation liability insurance
        • Table Hong Kong - Minimum Cover for Aircraft Liability Per Accident Per Aircraft
      • Fidelity insurance for licence institutions dealing in securities and future contracts
      • Liability insurance for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • The Office of the Commissioner of Insurance (OCI)
      • The Hong Kong Federation of Insurers (HKFI)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Hong Kong - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Hong Kong Insurance Industry - Policies and Premium, 2011-2015
      • Table Hong Kong Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Hong Kong Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Hong Kong Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Hong Kong Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Hong Kong Non-Life Insurance - Assets and Investments, 2015-2020
    • Property Insurance
      • Table Hong Kong Non-Life Insurance - Property Insurance, 2011-2015
      • Table Hong Kong Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Hong Kong Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Hong Kong Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Hong Kong Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Hong Kong Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Hong Kong Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Hong Kong Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Hong Kong Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Hong Kong Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Hong Kong Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Hong Kong Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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