hong kong insurance market statistics

6.1 Hong Kong GDP (Gross Domestic Product, Current Prices) Outlook, 2006- 2026 Fill in the form below to get instant access: Free Trial for 15 days HONG KONG ECONOMY NEWS AND ANALYSIS DIGEST *Please note that Insurance industry in Hong Kong (China): Business Report 2021 is a half ready publication. 2.5.1 Key Strengths The report will be delivered to your email address in PDF format. Growing life expectancy, tax incentives on insurance products, favourable savings associated with insurance are further encouraging the customers across insurance segments. The Insurance Authority (IA) has released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2020, indicating a growth of total gross premiums by 5.5% to $461.1 billion … The Excel spreadsheet will be emailed to you. 4.2 Demand Index Data sources: Hong Kong Federation of Insurers and PriceWaterhouseCoopers. 1 - 5 USERS Online Access (For Databases). The report is sent in PDF format. It provides values for key performance indicators such as gross written premium, claims paid, penetration and ... Read More, ... result of extensive research into the insurance regulatory framework in Hong Kong. This report provides in-depth market analysis, information and insights into the the Hong Kong general insurance … HONG KONG INSURANCE INDUSTRY PORTER FIVE FORCES ANALYSIS. 5. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total ... 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The companies generally compete mainly based on two factors including the quality of the services and price that they provide. The Office of the Commissioner of Insurance today (March 24) released provisional statistics of the Hong Kong insurance industry for 2016. Total gross premiums of the Hong Kong insurance industry … –Compile statistics on the operating characteristics of the storage, communications, financing, insurance and business service industries –Gauge the insurance sector’s contribution to the Gross Domestic Product of Hong Kong. Although there are many players giving a variety of choice in the PHI market, some hidden concerns might be found in the growing PHI market. This statistic shows the year-on-year percentage of change in real GDP of finance and insurance sector in Hong Kong from 2013 to 2019. The report is sent in PDF format. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. Swiss Re’s 2019 world insurance study is based on direct premium data … The license allows all users within a given geographical location of your organization access to the product. The government's policy of insuring the uninsured has progressively pushed the insurance penetration in Hong Kong and the proliferation of insurance schemes. Hong Kong Insurance Demand Outlook to 2026 Quick Help: The report will be emailed to you. Key Highlights Sun Life Hong Kong Ltd (Sun Life Hong Kong), a ... Read More, ... of the leading players including key financial metrics and analysis of competitive pressures within the market. 3.6 Health insurance Market Outlook, 2016- 2026 Appendix 4.4 Growth Index GlobalData’s 'Hong Kong General Insurance: Key Trends and Opportunities to 2023’ report provides a detailed outlook by product category for the Hong Kong general insurance segment. [4 Mar 2021] Statistics on vessels, port cargo and containers for the fourth quarter of 2020 [3 Mar 2021] Provisional statistics of retail sales for January 2021 [26 Feb 2021] Hong Kong's trade in services statistics for 2019 [25 Feb 2021] External merchandise trade statistics … 6.4.3 Population Outlook by Area, 2006-2026 7. The Hong Kong insurance industry posted growth of 6% in total gross premiums to HK$313.7bn ($40.5bn) for the first half of 2020, compared to the corresponding period in 2019, according to data released yesterday by the Insurance … The total gross premiums of Hong Kong insurance industry in 2019 amounted to HK$580.2 billion. 6. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and ... Read More, ... Hong Kong life insurance segment, and a comparison of the Hong Kong insurance industry with its regional counterparts. susbcription for 1 month USD $50 Hong Kong population and economic outlook are also presented in the report to provide insights and forecasts of macroeconomic factors shaping the future of Insurance markets. Hong Kong Insurance Industry Benchmarking This is projected to reach HKD42.1 billion by 2022, at a CAGR of 12.2% during the forecast period (2017-2022). It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. Strategic Market Intelligence: General Insurance in Hong Kong - Key trends and Opportunities to 2022 Jun 28, 2019 | USD 3,999... trend over the review period (2013-2017) showed that the share has been … Figure 1 – Market structure, 2013 and 2018 . The report focuses on market dynamics, recent trends, and insights on the insurance market. A printed copy of the report will be shipped to you. You will receive a username and password via email to access to the online directory. 2.5 SWOT Analysis 5.2 Company B It provides values for key performance indicators such as premium accepted, premium ceded and cession rates, during the review period ... Read More, ... life insurance segment. The report is sent in PDF format. 8. On the other hand, a soft market beyond auto and property-catastrophe lines continues to prevail, with global insurance renewal rates falling for the seventeenth consecutive period in the second quarter of 2017. Sources: Company data, GF Securities (Hong Kong) Figure 5: Key P&C insurance financial figures Sources: Company data, GF Securities (Hong Kong) Ping An Life (Rmb m) 9M17 … and medical insurance policies in Hong Kong during the first quarter, or 26.4 per cent of all premium income sold during the three months, according to the Insurance Authority’s data. The report will be emailed to you. 1 - 10 USERS Online Access(For Databases), 1 - 15 USERS Online Access(For Databases). This databook provides values for key performance indicators such as premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP)and ... Read More, ... life segment, demand is being boosted by highsavings rates, the central role played by insurers in the organised savings landscape and mainland visitors.In the non-life segment, growth has been driven by accident and health insurance. Figure 2 –Total premium and per capita premium of the health insurance market in Hong Kong, 2006-2016 . The value of the market is ... Read More, ... with steady growth over the past few years. 6.2 Private Final Consumption Growth, 2016- 2026 The license allows up to ten users have access to the product. Hong Kong Life Insurance: Key trends and Opportunities to 2023 report is published on March 9, 2020 and has 44 pages in it. Global Insurance, Asia Pacific, Europe, Middle East Africa, North America, and South & Central America Insurance market outlook is also presented in the report to provide a global perspective of the industry. This report provides in-depth market analysis, information and insights into the the Hong Kong general insurance segment. In 2018, Mainland Chinese contributed 460,000 Insurance policies to Hong Kong, averaging about 40,000 policies per month. The increasing number of digital distribution channels is favouring the insurers to easily obtain insurance policies. 1. During the past 5 years, the overall Hong Kong insurance industry achieved an average annual growth of 11.3%. The report will be sent in PDF format. Faced with Hong Kong’s rapidly ageing population, and a call for better healthcare services as the market turns affluent, demand for private health insurance (PHI) will indeed continue to rise. The annual premium was HK$47.6 billion, averaging about HK$4 billion per month. The license allows up to fifteen users have access to the product. Hong Kong Insurance Market, Size, Share, Outlook 2020 to 2026 is a premium market research report focusing on factors driving and challenging the industry, Market Trends, recent industry developments, Key Players Analysis, market … 2.1 Industry Overview, 2019 All … On the global front, the world insurance market is dominated by vehicle insurance with the market for motor vehicle insurance is expected to register growth at a CAGR of 6.45% during the forecast period owing to increasing regulatory requirement for vehicle insurance. This databook provides values for key performance indicators such as premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP) ... Read More, ... contains detailed historic and forecast data covering Marine, Aviation and Transit Insurance in Hong Kong. The report also analyzes the competitive landscape of companies in the Hong Kong insurance market. 3.4 Transport insurance Market Outlook, 2016- 2026 3.5 Personal accident insurance Market Outlook, 2016- 2026 Furthermore, it is the retail consumer segment that drives this market, considering the 94% share attributed in this regard. The report will be emailed to you. This is a 1-15 user licence, allowing up to fifteen users have access to the product. Insurance companies in Asia including the biggest players in Hong Kong have been adapting new technology to cut costs and better manage risks related to car accidents as well as … Year 2013 2018 Number of authorized insurers Long term 44 49 General 92 93 Composite (both long term and general business) 19 19 Total 155 161 Number of individual insurance intermediaries Insurance … The Hong Kong insurance industry is dominated by life insurance segment, which accounts for more than 90% share. It only requires updating with the help of new data … Quick Help: The report will be emailed to you. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Hong Kong Life Insurance Premiums, Hong Kong Motor Vehicle Insurance, Hong Kong Property Insurance, Hong Kong Personal Accident Insurance, Hong Kong Health Insurance, Hong Kong General Liability Insurance, Hong Kong Credit/Financial Guarantee Insurance, and Other Insurance Markets are analyzed and forecast to 2026 in the report. Hong Kong Insurance Market is compared against five of its competitive markets in the region to analyze the role of Hong Kong on the regional front and benchmark its operations. … 4. Many large organizations self-insure for most of their employee benefits like health coverage that lowers market scope for insurance companies. Local market players in the country are focusing on marketing their competitive edge by rolling out more plans customized to diverse sectors and developing more innovative digital features. 6.4.1 Population Outlook by Age, 2006-2026 3.7 General liability insurance Market Outlook, 2016- 2026 3.2 Hong Kong Motor vehicle insurance Market Outlook, 2016- 2026 Coyright © 2010-2021 OG Analysis. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ... Read More, ... life insurance segment, and a comparison of the Hong Kong life insurance with its regional counterparts. Insurtech, messaging platforms, and online sales channels are contributing to the insurance landscape in the country. The report will be shipped to you in CD ROM format. 6.4 Hong Kong Population Growth Outlook, 2006-2026 This market research report provides information about Insurance, Country Overview (Banking & Finance), Banking & Finance industry. This report provides a snapshot of the impact on the Hong Kong insurance industry in light of the COVID-19 outbreak. Subscription for one year USD $300, Please Subscribe or register for Free Trial, Information and Communications Technology, If you have a more general question about our products please try our. TThis is a site license, allowing all users within a given geographical location of your organisation access to the product. This databook provides values for key performance indicators such as policies and premiums (gross written premiums, direct written premiums, net ... Read More, ... covering Property Insurance in Hong Kong. 1.2 Study Assumptions Key Highlights The insurance market consists of the non-life and life insurance sectors. 2.4 Key strategies Planned by Market Leaders Hong Kong Insurance Industry Insights decline in the non-life sector reflects an organisational rearrangement in the insurance industry though) and ... OECD Global Insurance Statistics. This databook provides values for key performance indicators such as policies and premiums (direct written premiums , insurance penetration (ratio of direct premiums to GDP) and ... Read More, ... covering Liability Insurance in Hong Kong. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market … All rights reserved. Discover the latest market trends and uncover sources of future market growth for the Pet Care industry in Hong Kong, China with research from Euromonitor's team of in-country analysts. HSBC Life led the ranking in 2015, with gross premiums written … Quick Help: The report will be emailed to you. 2.5.3 Potential Opportunities As of the end of 2017, the total general insurance business was valued at HKD45.4 billion ... Read More, ... 14.6% during the review period (2013-2017). This is a 1-5 user licence, allowing up to five users have access to the product. Hong Kong’s $66b insurance industry is set to register a 1.46% insurance premium growth in 2020, barely a quarter of the 6.3% expansion in 2019, reports data and analytics company GlobalData. INSURANCE MARKETS IN FIGURES ... the world. Browse by Statistical Subject; Search for Tables, Publications and Other Products; All Tables, Publications, Charts and Articles; Hong Kong in Figures (Latest Figures) The report is sent in PDF format. This report provides in-depth market analysis, information and insights into the Hong Kong life insurance segment. This report provides in-depth market analysis, information and insights into the Hong Kong reinsurance segment. Introduction Facultative reinsurance accounts for the predominant share, at 97.5% of ... Read More, ... general insurance segment, and a comparison of the Hong Kong general insurance with its regional counterparts. The report will be emailed to you. As of end-2017, the life insurance industry was valued at ... Read More, ... trend over the review period (2013-2017) showed that the share has been declining, as in 2013 it was 13%. Total gross premiums of the Hong Kong insurance industry in the first quarter of 2017 amounted to $122 billion, representing an increase of 20.7 per cent over the corresponding period in 2016. 1.3 Research Methodology 3.3 Property insurance Market Outlook, 2016- 2026 This will provide ways to meet the emerging demands of every end use customer and propel net sales. 2.2 Hong Kong Total Insurance Market Value Outlook, 2016- 2026 The FSDC was established in 2013 by the Hong Kong Special Administrative Region Government as a high-level, cross-sectoral advisory body to engage the industry in formulating proposals to promote the further development of the financial services industry of Hong Kong … 3.8 Credit/financial guarantee insurance Market Outlook, 2016- 2026 This is a single user license, allowing one specific user access to the product. “This CBIRC rule is perfect for the … 8.3 Contacts. Market Research Report Summary. This market research report provides information about Insurance, Country Overview (Banking & Finance), Banking & Finance industry. ... Read More, ... the Hong Kong reinsurance segment. 5.1 Company A It provides values for key performance indicators such as premium accepted, premium ceded, cession rates, and total investment income during the review period ... Read More, ... covering Motor Insurance in Hong Kong. This is a single user license, allowing one specific user access to the product. As one of the largest asset management centres in Asia, Hong Kong … The Hong Kong Insurance Market, Size, Share, Outlook and Growth Opportunities 2020-2026 presents a comprehensive analysis of the country’s Insurance activities. The report covers the 2019 scenario and growth prospects of the Insurance Market for 2020-2026. Hong Kong Demographic and Macroeconomic Outlook to 2026 4.3 Supply Index While the rate ofgrowth slowed in 2020 owing to the Covid-19 pandemic and the civic unrest, we expect the outlook to improve from 2021 as thechallenges begin ... Read More, ... the COVID-19 outbreak in the Hong Kong insurance industry. Market Research Report Summary. This report provides in-depth market analysis, information and insights into the the Hong Kong general insurance segment. ISSH26/18-19 . The license allows all employees within your organization in different geographic locations access to the product. It provides values for key performance indicators such as written premium, incurred loss, claims paid, commissions and expenses, combined ... Read More, ... and a comparison of the Hong Kong reinsurance with its regional counterparts. Database is accessed online through a secure website. Hong Kong General Insurance: Key trends and Opportunities to 2023 report is published on March 9, 2020 and has 58 pages in it. 6.3 Hong Kong Disposable Income Outlook, 2006-2026 For instance, Hong Kong… ... Read More, ... over 90% of the total business. 3.9 Other insurance Market Outlook, 2016- 2026 It provides values for key performance indicators such as written premium, loss ratio and general insurance … 3. Business and SWOT profiles of three of the leading Insurance companies in Hong Kong are detailed in the report along with strategic initiatives, recent developments and their impact on overall market growth. 26 Gabriel Olano, “Hong Kong blockchain motor insurance project in the works,” Insurance … The license allows up to five users have access to the product. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020). Insurance industry in Hong Kong . This databook provides values for key performance indicators such as policies and premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% ... Read More, ... forecast data covering Individual life insurance in Hong Kong. SWOT Profiles of Insurance Companies in Hong Kong Strong demand for insurance of vehicles, property, health and other insurances across Hong Kong are driving the revenues of insurance companies in the country. Hong Kong's insurance industry is facing stiff competition as the insurance companies not only compete with each other, but also compete with the risk retention groups, government, and self-insurance. 2.5.2 Key Weaknesses The license allows one specific user access to the product. 2.5 Inpatient … This statistic presents the total assets of insurance companies in Hong Kong from 2002 to 2014. The report also analyses information ... Read More, ... 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 is expected to grow by 1.51% in 2020 against the pre-COVID forecast of … Economic growth, rising government spending, technological innovations and increased consumer awareness about insurance products are key market drivers in Hong Kong. This statistic presents the leading life insurance companies in Hong Kong in 2015, based on gross premiums written. 1.1 Market Scope and Definition 6.4.2 Population Outlook by Gender, 2006-2026 4.1 Overall Ranking 2.3 Hong Kong Insurance Market Trends and Insights 3.1 Hong Kong Life Insurance Premiums Market Outlook, 2016- 2026 Through different distribution channels, insurance companies in Hong Kong are providing a wide variety of products with varying levels of complexity that are designed for different groups of businesses, individuals and other organizations. This is a 1-10 user licence, allowing up to ten users have access to the product. GlobalData’s 'Governance, Risk and Compliance – Hong Kong Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Hong Kong. 3 This appears mainly due to an overabundance of capital, particularly in the US market, with industry … Latest Insurance Industry Trends and Developments … As a result, the total gross premium of all reinsurance companies in Hong Kong reportedly rose 9.1% to HK$10 billion (US$1.27 billion) in the first nine months of 2018. 25 Gabriel Olano, “AIA Hong Kong debuts blockchain bancassurance solution,” Insurance Business Asia, November 17, 2017. 5.3 Company C 8.1 OG Analysis Expertise Insurance Market Reports (Non-Life) Extensive and detailed non-life (P&C) insurance market information from 170+ territories. Insurance Market research identifies that the competition continues to intensify year-on-year with emerging applications. 2.5.4 Potential Threats The report is sent in PDF format. It provides key performance indicators such as written ... Read More, ... Hong Kong non-life insurance segment, and a comparison of the Hong Kong insurance industry with its regional counterparts. 2. Hong Kong Society of Certified Insurance Practitioners HKCIP Forum: New Opportunities and New Challenges 2 November 2016 Protect, Respect Personal Data in Quick Help: The report will be emailed to you. Unbiased expert and local insight covering major lines of business, … The report is sent in CD/DVD. World Life And Nonlife Insurance In 2019 Outside the United States, the insurance industry is divided into life and nonlife (or general insurance), rather than life/annuities and property/casualty. 8.2 Sources and Research Methodology 6. Avail customized purchase options to meet your exact research needs: Request discounts available for Start-Ups & Universities, 1500 Corporate Circle , Suite # 17, Southlake, Tx-76092. This is an enterprise license, allowing all employees within your organisation access to the product. It provides the impact of COVID-19 ... Read More, ... general insurance segment. We have over 8 years of experience to help you 24 hours a day.

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