866-997-4948(US-Canada Toll Free)

Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020

Published By :

Timetric

Published Date : May 2017

Category :

Insurance

No. of Pages : 108 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020' report provides a detailed 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 provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Hong Kong economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetrics 'Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Hong Kong personal accident and health insurance segment, including:

An overview of the Hong Kong personal accident and health insurance segment

The Hong Kong personal accident and health insurance segments growth prospects by category

A comprehensive overview of the Hong Kong economy and demographics

A comparison of the Hong Kong personal accident and health insurance segment with its regional counterparts

The various distribution channels in the Hong Kong personal accident and health insurance segment

Details of the competitive landscape in the personal accident and health insurance segment in Hong Kong

Details of regulatory policy applicable to the Hong Kong insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Hong Kong:

It provides historical values for the Hong Kong personal accident and health insurance segment for the reports 20112015 review period, and projected figures for the 20152020 forecast period.

It offers a detailed analysis of the key categories in the Hong Kong personal accident and health insurance segment, and market forecasts to 2020.

It provides a comparison of the Hong Kong personal accident and health insurance segment with its regional counterparts

It provides an overview of the various distribution channels for personal accident and health insurance products in Hong Kong.

It profiles the top personal accident and health insurance companies in Hong Kong, and outlines the key regulations affecting them.

Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Hong Kong personal accident and health insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Hong Kong personal accident and health insurance segment.

Assess the competitive dynamics in the personal accident and health insurance segment.

Identify 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.

Key Highlights
Health insurance accounted for 76.6% of the segments direct written premium in 2015.

Personal accident insurance was the smallest category, accounting for 23.4% of the segments direct written premium in 2015.

The Hong Kong personal accident and health segment was moderately concentrated, with the top 10 insurers accounting for 79.0% of the segments gross written premium in 2015.

The segments penetration rose from 0.49% in 2011 to 0.58% in 2015.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Claims
5.1.3 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Bupa Asia Ltd company overview
7.1.2 Axa General Insurance Hong Kong Ltd company overview
7.1.3 Axa China Region Insurance Company Ltd company overview
7.1.4 Blue Cross (Asia-Pacific) Insurance Ltd company overview
7.1.5 CTPI (Hong Kong) Ltd company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Employee compensation insurance
8.4.3 Building owners corporations third-party liability insurance
8.4.4 Professional indemnity insurance for insurance brokers
8.4.5 Civil aviation liability insurance
8.4.6 Fidelity insurance for licence institutions dealing in securities and future contracts
8.4.7 Liability insurance for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 The Office of the Commissioner of Insurance (OCI)
8.5.3 The Hong Kong Federation of Insurers (HKFI)
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Databook
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Personal Accident Insurance
9.5 Health Insurance
9.6 Health Insurance by Product
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetrics Services
11.4 Disclaimer



List of Tables
Table 1: Hong Kong Personal Accident and Health Insurance Key Facts, 2015
Table 2: Hong Kong Personal Accident and Health Insurance Segment Shares of the Top Insurers, 2015
Table 3: Hong Kong Government Credit Ratings
Table 4: Hong Kong Personal Accident and Health Insurance Gross Written Premium (HKD Billion and US$ Billion), 20112015
Table 5: Hong Kong Personal Accident and Health Insurance Penetration (%), 20112015
Table 6: Hong Kong Personal Accident and Health Insurance Gross Written Premium (HKD Billion and US$ Billion), 20152020
Table 7: Hong Kong Personal Accident and Health Insurance Penetration (%), 20152020
Table 8: Hong Kong Personal Accident and Health Insurance Premium per Capita (HKD and US$), 20112015
Table 9: Hong Kong Personal Accident and Health Insurance Premium per Capita (HKD and US$), 20152020
Table 10: Hong Kong Personal Accident and Health Insurance Paid Claims (HKD Billion and US$ Million), 20112015
Table 11: Hong Kong Personal Accident and Health Insurance Paid Claims (HKD Billion and US$ Million), 20152020
Table 12: Hong Kong Personal Accident and Health Insurance Profitability Ratio (%), 20112015
Table 13: Hong Kong Personal Accident and Health Insurance Profitability Ratio (%), 20152020
Table 14: Hong Kong Personal Accident and Health Insurance Total Assets (HKD Billion and US$ Billion), 20112015
Table 15: Hong Kong Personal Accident and Health Insurance Total Assets (HKD Billion and US$ Billion), 20152020
Table 16: Hong Kong Personal Accident and Health Insurance Investment Portfolio (HKD Billion), 20112015
Table 17: Hong Kong Personal Accident and Health Insurance Investment Portfolio (HKD Billion), 20152020
Table 18: Hong Kong Personal Accident and Health Insurance Direct Written Premium by Category (HKD Billion), 20112015
Table 19: Hong Kong Personal Accident and Health Insurance Direct Written Premium by Category (HKD Billion), 20152020
Table 20: Hong Kong Personal Accident Insurance Direct Written Premium (HKD Billion and US$ Million), 20112015
Table 21: Hong Kong Personal Accident Insurance Direct Written Premium (HKD Billion and US$ Million), 20152020
Table 22: Hong Kong Personal Accident Insurance Paid Claims (HKD Million and US$ Million), 20112015
Table 23: Hong Kong Personal Accident Insurance Paid Claims (HKD Million and US$ Million), 20152020
Table 24: Hong Kong Personal Accident Insurance Loss Ratio (%), 20112015
Table 25: Hong Kong Personal Accident Insurance Loss Ratio (%), 20152020
Table 26: Hong Kong Health Insurance Direct Written Premium by Sub-Category (HKD Billion), 20112015
Table 27: Hong Kong Health Insurance Direct Written Premium by Sub-Category (HKD Billion), 20152020
Table 28: Hong Kong Health Insurance Number of Policies Sold by Sub-Category (Thousand), 20112015
Table 29: Hong Kong Health Insurance Number of Policies Sold by Sub-Category (Thousand), 20152020
Table 30: Hong Kong Health Insurance Paid Claims (HKD Billion and US$ Million), 20112015
Table 31: Hong Kong Health Insurance Paid Claims (HKD Billion and US$ Million), 20152020
Table 32: Hong Kong Health Insurance Loss Ratio (%), 20112015
Table 33: Hong Kong Health Insurance Loss Ratio (%), 20152020
Table 34: Hong Kong Personal Accident and Health Insurance Market Shares of Leading Insurers (%), 2015
Table 35: Bupa Asia Ltd Insurance Company Key Facts
Table 36: Bupa Asia Ltd Insurance Company Key Financials (HKD Million), 20112015
Table 37: Axa General Insurance Hong Kong Ltd Insurance Company Key Facts
Table 38: Axa China Region Insurance Company Ltd Key Facts
Table 39: Axa China Region Insurance Company Ltd Key Financials (HKD Million), 20112015
Table 40: Blue Cross (Asia-Pacific) Insurance Ltd Key Facts
Table 41: Blue Cross (Asia-Pacific) Insurance Ltd Key Financials (HKD Million), 20112015
Table 42: CTPI (Hong Kong) Ltd Insurance Company Key Facts
Table 43: Hong Kong Insurance Regulatory Framework Key Features
Table 44: Hong Kong Life Insurance Regulatory Framework
Table 45: Hong Kong Property Insurance Regulatory Framework
Table 46: Hong Kong Motor Insurance Regulatory Framework
Table 47: Hong Kong Liability Insurance Regulatory Framework
Table 48: Hong Kong Minimum Cover for Aircraft Liability Per Accident Per Aircraft
Table 49: Hong Kong Corporate Tax Rates for the Financial Year 2016
Table 50: Hong Kong Personal Accident and Health Insurance Industry Policies and Premium, 20112015
Table 51: Hong Kong Personal Accident and Health Insurance Industry Policies and Premium, 20152020
Table 52: Hong Kong Personal Accident and Health Insurance Claims and Expenses, 20112015
Table 53: Hong Kong Personal Accident and Health Insurance Claims and Expenses, 20152020
Table 54: Hong Kong Personal Accident and Health Insurance Assets and Investments, 20112015
Table 55: Hong Kong Personal Accident and Health Insurance Assets and Investments, 20152020
Table 56: Hong Kong Personal Accident and Health Insurance Personal Accident Insurance, 20112015
Table 57: Hong Kong Personal Accident and Health Insurance Personal Accident Insurance, 20152020
Table 58: Hong Kong Personal Accident and Health Insurance Health Insurance, 20112015
Table 59: Hong Kong Personal Accident and Health Insurance Health Insurance, 20152020
Table 60: Hong Kong Personal Accident and Health Insurance Health by Product, 20112015
Table 61: Hong Kong Personal Accident and Health Insurance Health by Product, 20152020
Table 62: Insurance Industry Definitions


List of Figures
Figure 1: Hong Kong Real GDP (HKD Billion), 20112020
Figure 2: Hong Kong Consumer Price Inflation (%), 20112020
Figure 3: Hong Kong Current Account Balance as Percentage of GDP (%), 20112020
Figure 4: HKD-US$ Exchange Rate, 20112020
Figure 5: Hong Kong Unemployment Rate, 20112020
Figure 6: Hong Kong Population by Age Group, 19912025
Figure 7: Hong Kong Personal Accident Insurance Number of Road Accidents, 20112015
Figure 8: Hong Kong Personal Accident and Health Insurance Penetration Regional Comparison (%), 2015
Figure 9: Hong Kong Insurance Direct Written Premium Shares Regional Comparison (%), 2015
Figure 10: Hong Kong Personal Accident and Health Insurance Gross Written Premium (HKD Billion), 20112020
Figure 11: Hong Kong Personal Accident and Health Insurance Penetration (%), 20112020
Figure 12: Hong Kong Personal Accident and Health Insurance Premium per Capita (HKD), 20112020
Figure 13: Hong Kong Personal Accident and Health Insurance Paid Claims (HKD Billion), 20112020
Figure 14: Hong Kong Personal Accident and Health Insurance Profitability Ratio (%), 20112020
Figure 15: Hong Kong Personal Accident and Health Insurance Total Assets (HKD Billion), 20112020
Figure 16: Hong Kong Personal Accident and Health Insurance Investment Portfolio (HKD Billion), 20112020
Figure 17: Hong Kong Personal Accident and Health Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 18: Hong Kong Personal Accident and Health Insurance Direct Written Premium by Category (HKD Billion), 20112020
Figure 19: Hong Kong Personal Accident and Health Insurance Direct Written Premium Dynamics by Category, 20112020
Figure 20: Hong Kong Personal Accident Insurance Direct Written Premium (HKD Billion), 20112020
Figure 21: Hong Kong Personal Accident Insurance Paid Claims (HKD Billion), 20112020
Figure 22: Hong Kong Personal Accident Insurance Earned Premium, Incurred Loss and Loss Ratio (HKD Billion and %), 20112020
Figure 23: Hong Kong Health Insurance Direct Written Premium by Sub-Category (HKD Billion), 20112020
Figure 24: Hong Kong Health Insurance Direct Written Premium Dynamics by Sub-Category, 20112020
Figure 25: Hong Kong Health Insurance Number of Policies Sold by Sub-Category (Thousand), 20112020
Figure 26: Hong Kong Health Insurance Paid Claims (HKD Billion), 20112020
Figure 27: Hong Kong Health Insurance Earned Premium, Incurred Loss and Loss Ratio (HKD Billion and %), 20112020
Figure 28: Hong Kong Personal Accident and Health Insurance Market Shares of Leading Insurers (%), 2015
Figure 29: Hong Kong Insurance Supervision and Control at Various Levels
Figure 30: Hong Kong Insurance Regulatory Frameworks for Company Registration and Operation

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title
  • Company
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *