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Research and Markets: Life Insurance in Hong Kong - Key Trends and Opportunities to 2018
[November 27, 2014]

Research and Markets: Life Insurance in Hong Kong - Key Trends and Opportunities to 2018


Research and Markets (http://www.researchandmarkets.com/research/smv2qj/life_insurance_in) has announced the addition of the "Life Insurance in Hong Kong, Key Trends and Opportunities to 2018" report to their offering.

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' markeing 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



Key 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.

Key Topics Covered:


1 Key Facts and Events

2 Executive Summary

3 Introduction

4 Hong Kong Insurance Industry Attractiveness

5 Life Insurance Outlook

6 Analysis by Distribution Channel

7 Governance, Risk and Compliance

8 Competitive Landscape and Strategic Insights

Companies Mentioned

  • HSBC Life (International) Ltd
  • AIA International Ltd
  • Prudential Hong Kong Ltd
  • Manulife (International) Ltd
  • China Life Insurance (Overseas) Company Ltd
  • BOC Group Life Assurance Company Ltd
  • Axa China Region Insurance Company (Bermuda) Ltd
  • Hang Seng Insurance Company Ltd
  • FWD Life Insurance Company (Bermuda) Ltd
  • Sun Life Hong Kong Ltd

For more information visit http://www.researchandmarkets.com/research/smv2qj/life_insurance_in


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