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Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Hong Kong personal accident and health insurance segment, and a comparison of the Hong Kong insurance industry with its regional counterparts.

It provides 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, 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 'Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Hong Kong personal accident and health insurance segment, including:

  • An overview of the Hong Kong personal accident and health insurance segment
  • The Hong Kong personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Hong Kong economy and demographics
  • A comparison of the Hong Kong personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Hong Kong personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health 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 personal accident and health insurance segment in Hong Kong:
  • It provides historical values for the Hong Kong personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Hong Kong personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Hong Kong.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Hong Kong personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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
  • Health insurance accounted for 76.6% of the segment’s direct written premium in 2015.
  • Personal accident insurance was the smallest category, accounting for 23.4% of the segment’s direct written premium in 2015.
  • The Hong Kong personal accident and health segment was moderately concentrated, with the top 10 insurers accounting for 79.0% of the segment’s gross written premium in 2015.
  • The segment’s penetration rose from 0.49% in 2011 to 0.58% in 2015.


  • Key Facts and Highlights
    • Table Hong Kong Personal Accident and Health Insurance - Key Facts, 2015
    • Table Hong Kong Personal Accident and Health Insurance - Segment Shares of the 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 Personal Accident and Health Insurance - Gross Written Premium (HKD Billion and US$ Billion), 2011-2015
        • Table Hong Kong Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Hong Kong Personal Accident and Health Insurance - Gross Written Premium (HKD Billion and US$ Billion), 2015-2020
        • Table Hong Kong Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Hong Kong Personal Accident and Health Insurance - Premium per Capita (HKD and US$), 2011-2015
        • Table Hong Kong Personal Accident and Health Insurance - Premium per Capita (HKD and US$), 2015-2020
      • Claims
        • Table Hong Kong Personal Accident and Health Insurance - Paid Claims (HKD Billion and US$ Million), 2011-2015
        • Table Hong Kong Personal Accident and Health Insurance - Paid Claims (HKD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Hong Kong Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Hong Kong Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Hong Kong Personal Accident and Health Insurance - Total Assets (HKD Billion and US$ Billion), 2011-2015
        • Table Hong Kong Personal Accident and Health Insurance - Total Assets (HKD Billion and US$ Billion), 2015-2020
        • Table Hong Kong Personal Accident and Health Insurance - Investment Portfolio (HKD Billion), 2011-2015
        • Table Hong Kong Personal Accident and Health Insurance - Investment Portfolio (HKD Billion), 2015-2020
  • Outlook by Category
    • Table Hong Kong Personal Accident and Health Insurance - Direct Written Premium by Category (HKD Billion), 2011-2015
    • Table Hong Kong Personal Accident and Health Insurance - Direct Written Premium by Category (HKD Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Hong Kong Personal Accident Insurance - Direct Written Premium (HKD Billion and US$ Million), 2011-2015
        • Table Hong Kong Personal Accident Insurance - Direct Written Premium (HKD Billion and US$ Million), 2015-2020
      • Claims
        • Table Hong Kong Personal Accident Insurance - Paid Claims (HKD Million and US$ Million), 2011-2015
        • Table Hong Kong Personal Accident Insurance - Paid Claims (HKD Million and US$ Million), 2015-2020
      • Profitability
        • Table Hong Kong Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Hong Kong Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Hong Kong Health Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2011-2015
        • Table Hong Kong Health Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2015-2020
      • Policies
        • Table Hong Kong Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Hong Kong Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Hong Kong Health Insurance - Paid Claims (HKD Billion and US$ Million), 2011-2015
        • Table Hong Kong Health Insurance - Paid Claims (HKD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Hong Kong Health Insurance - Loss Ratio (%), 2011-2015
        • Table Hong Kong Health Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
  • Competitive Landscape
    • Table Hong Kong Personal Accident and Health Insurance - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Bupa Asia Ltd - company overview
        • Table Bupa Asia Ltd Insurance Company - Key Facts
        • Table Bupa Asia Ltd Insurance Company - Key Financials (HKD Million), 2011-2015
      • Axa General Insurance Hong Kong Ltd - company overview
        • Table Axa General Insurance Hong Kong Ltd Insurance Company - Key Facts
      • Axa China Region Insurance Company Ltd - company overview
        • Table Axa China Region Insurance Company Ltd - Key Facts
        • Table Axa China Region Insurance Company Ltd - Key Financials (HKD Million), 2011-2015
      • Blue Cross (Asia-Pacific) Insurance Ltd - company overview
        • Table Blue Cross (Asia-Pacific) Insurance Ltd - Key Facts
        • Table Blue Cross (Asia-Pacific) Insurance Ltd - Key Financials (HKD Million), 2011-2015
      • CTPI (Hong Kong) Ltd - company overview
        • Table CTPI (Hong Kong) Ltd 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 Personal Accident and Health Insurance Industry- Policies and Premium, 2011-2015
      • Table Hong Kong Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Hong Kong Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
      • Table Hong Kong Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Hong Kong Personal Accident and Health Insurance - Assets and Investments, 2011-2015
      • Table Hong Kong Personal Accident and Health Insurance - Assets and Investments, 2015-2020
    • Personal Accident Insurance
      • Table Hong Kong Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
      • Table Hong Kong Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
    • Health Insurance
      • Table Hong Kong Personal Accident and Health Insurance - Health Insurance, 2011-2015
      • Table Hong Kong Personal Accident and Health Insurance - Health Insurance, 2015-2020
    • Health Insurance by Product
      • Table Hong Kong Personal Accident and Health Insurance - Health by Product, 2011-2015
      • Table Hong Kong Personal Accident and Health Insurance - Health by Product, 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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