Hong Kong Insurance Report Q4 2010: New research report available at Fast Market Research

Oct. 7, 2010 - PRLog -- Writing in August 2010, we have been able to include final data for 2009 and to amend projections for the current year in order to take into account H110 results actually released by major cross-border insurers in Asia-Pacific. Total insurance premiums in Hong Kong in 2009 amounted to HKD185,674mn. This includes non-life premiums of HKD28,550mn and life premiums of HKD157,124mn. In 2014, the corresponding figures should be HKD222,950mn, HKD40,742mn and HKD182,208mn. In terms of the key drivers that underpin our forecasts, we are looking for non-life penetration to rise from 1.74% of GDP in 2009 to 1.93% in 2014. We envisage that life density will increase from US$2,852 per capita in 2009 to US$3,200 in 2014. BMI's proprietary Insurance Business Environment Rating for Hong Kong is 76.0.

As in previous quarters, we provide a ranking of the major players in each of the two main segments as they are seen by the organisation providing the data (which, in practice, is usually the regulator or the trade association). In Hong Kong the three largest non-life companies in terms of gross written premiums were HSBC Insurance, American Home and BOC Group Insurance, whose market shares were 8.2%, 6.6% and 6.4% respectively. In the life segment, the leaders were AIA (Bermuda), Hang Seng Insurance and HSBC Life, whose market shares were 16.8%, 12.0% and 10.2% respectively. Over time, we hope to derive insights from observing how market shares change. We emphasise, though, that a decline in share of gross written premiums is not automatically a bad thing, and is often the result of a corporate decision to focus on more profitable business lines.

We also provide a breakdown of the insurance sector by line from the point of view of the regulator or the trade association. In Hong Kong the largest non-life lines in were accident and health - medical, statutory general liability and property damage. These accounted for 28.1%, 15.6% and 14%.0 respectively of total non-life premiums. Over time, we should be able to use this information to bring greater sophistication to our forecasting process.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/87212_hong_kong_insurance_repo...

Report Table of Contents:

Executive Summary
- Table: Overview Of Hong Kong's Insurance Sector
- Key Insights On Hong Kong's Insurance Sector
SWOT Analysis
- Hong Kong Insurance Industry SWOT
- Hong Kong Political SWOT
- Hong Kong Economic SWOT
- Hong Kong Business Environment SWOT
MetLife's Acquisition Of ALICO
- Table: ALICO At A Glance
- Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%)
- Table: ALICO - A Market Leader In Japan
- Table: MetLife's Acquisition Of ALICO
- Table: MetLife And ALICO Combined
Asia Pacific Overview
- Table: Asia Pacific Non-Life Markets At A Glance, 2008-2010
- Table: Asia Pacific Life Markets At A Glance, 2008-2010
Projections and Forecasts
- Table: Premium Growth And Annual % Change, 2007-2014
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2007-2014
- Country Update
- Macroeconomic Outlook
- Table: Hong Kong - Economic Activity, 2007-2014
- Domestic Politics
- Long-Term Political Outlook
Insurance Business Environment Rating
- Table: Hong Kong's Insurance Business Environment Ratings
- Table: Asia Pacific Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2009
- Table: Life Premiums In A Regional Context, 2009
Major Players In Hong Kong's Insurance Sector
- Table: Gross Written Premiums Of Principal Insurance Lines, H109 (HKDmn)
- Table: Major Non-Life Insurance Companies By Gross Written Premiums, 2008 *
- Table: Major Life Insurance Companies By Segment And Premiums, H109 (HKDmn)
Analysis Of Regional Competitive Conditions
Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA
- Cardif
- Fortis
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential Plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.