Life Insurance Market in Hong Kong - Size, Analysis, Key Trends, Opportunities and Forecast to 2018

Synopsis:

The report provides in-depth market analysis, information and insights into the Hong Kong life insurance segment, including:

• The Hong Kong life insurance segment’s growth prospects by life insurance category

• Key trends and drivers for the life insurance segment

• The various distribution channels in the Hong Kong life insurance segment

• The detailed competitive landscape in the life insurance segment in Hong Kong

• Detailed regulatory policies of the Hong Kong insurance industry

• Analysis of various consumer segments in Hong Kong life insurance

• Key developments in the Hong Kong life insurance segment

• New products launched by Hong Kong life insurers

Executive Summary :

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

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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...