[November 27, 2014]

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

Research and Markets (http://www.researchandmarkets.com/research/22srfq/nonlife) has announced the addition of the "Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2018" report to their offering.

The Hong Kong non-life insurance segment grew at a review-period (2009-2013) compound annual growth rate (CAGR) of 10.6%, primarily supported by rising motor vehicle sales, increased construction activity and a favorable regulatory environment. The increasing volume of construction and infrastructure projects drove demand for property insurance during the review period, supported the non-life segment. The non-life segment's gross written premium grew at a review-period CAGR of 10.6%, and is expected to increase at a forecast-period (2014-2018) CAGR of 8.9%) in 2018. Property insurance was the largest category, in terms of gross written premium, during the review period acounting for 37.6% of the segment's gross written premium in 2013. Liability insurance was the second-largest category in 2013.

Key Highlights

• Despite the global financial crisis, the Hong Kong non-life insurance segment grew at a review-period CAGR of 10.6%.
• Property insurance was the segment's leading category in 2013, accounting for 37.6% of its gross written premium.
• The OCI is reviewing insurers' solvency and capital regimes, and plans to set up a risk-based capital framework for Hong Kong to be implemented by 2016.
• Property insurance is expected to be the second-largest category in 2018
• Rising motor vehicle sales, increased construction activity and the presence of mandatory employees' compensation, and motor third-party liability insurance supported the non-life segment's growth

Key Topics Covered:

1 Key Facts and Events

2 Executive Summary

3 Introduction

4 Hong Kong Insurance Industry Attractiveness

5 Non-Life Insurance Outlook

6 Analysis by Distribution Channel

7 Governance, Risk and Compliance

8 Competitive Landscape and Strategic Insights

9 Appendix

Companies Mentioned

• Zürich Insurance (Hong Kong) Ltd
• China Taiping Insurance (HK) Company Ltd
• Axa General Insurance Hong Kong Ltd
• Bank of China Group Insurance Company Ltd
• QBE Hongkong & Shanghai Insurance Ltd
• AIG Insurance Hong Kong Ltd
• Asia Insurance Company, Ltd
• MSIG Insurance (Hong Kong) Ltd
• Lloyd's Underwriters
• ACE Insurance Ltd (Hong Kong)

For more information visit http://www.researchandmarkets.com/research/22srfq/nonlife

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