Report Published: "Life Insurance in Hong Kong, Key Trends and Opportunities to 2018"

From: Fast Market Research, Inc.
Published: Thu Dec 18 2014


The Hong Kong life insurance segment grew at a compound annual growth rate (CAGR) of 13.3% in 2013 during the review period. The growth was driven by rising consumer awareness, favorable regulation, product innovation and marketing campaigns. The life segment accounted for 85.7% of the Hong Kong insurance industry's gross written premium in 2013. Consumers' low risk-bearing capacity encouraged them to invest in whole life and endowment products instead of unit-linked products, which are highly exposed to market conditions. These categories' growth was also a result of rising acceptance of these products due to insurers' marketing campaigns, which encouraged traditional products as an investment vehicle during the economic downturn. The life segment is expected to grow at a projected forecast period CAGR of 7.5% in 2018 over the forecast period

Full Report Details at
- http://www.fastmr.com/prod/911435_life_insurance_in_hong_kong_key_trends_and.aspx?afid=301

Report Highlights

* The life segment accounted for 85.7% of the Hong Kong insurance industry's gross written premium in 2013.
* The Mandatory Provident Fund(MPF) scheme was a key driver of the life insurance segment's growth during the review period.
* The individual whole life category accounted for 50.0% of the segment's total gross written premium in 2013,
* The country's aging population was an important driver of the life segment during the review period.
* Bancassurance accounted for 40.8% of the new business gross written premium in 2013.

Report Scope

This report provides a comprehensive analysis of the life insurance segment in Hong Kong:

* It provides historical values for the Hong Kong life insurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period.
* It offers a detailed analysis of the key categories in the Hong Kong life insurance segment, along with market forecasts until 2018.
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
* It analyses the various distribution channels for life insurance products in Hong Kong.
* It profiles the top life insurance companies in Hong Kong and outlines the key regulations affecting them.

Reasons to Get this Report

* Make strategic business decisions using in-depth historic and forecast market data related to the Hong Kong life insurance segment and each category within it.
* Understand the demand-side dynamics, key market trends and growth opportunities in the Hong Kong life insurance segment.
* Assess the competitive dynamics in the life insurance segment.
* Identify the 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.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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