New market study, "Hong Kong Insurance Report Q2 2011", has been published

New Financial Services market report from Business Monitor International: "Hong Kong Insurance Report Q2 2011"
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Listed Under

* Insurance
* Premiums
* Non-life
* Asia
* Prudential
* Hkdmn
* Aia
* Hsbc
* Ratings
* 9m10

* Finance
* Research
* Banking

* Massachusetts - US

April 1, 2011 - PRLog -- Key Insights On Hong Kong's Insurance Sector

In this report, we have been able to include final data for 2009 and to amend estimates for 2010 in order to take into account of H110 results released by major cross-border insurers in the Asia Pacific region. The insurance sector is therefore estimated to have enjoyed growth of 15% in the non-life segment and 13% in the life category in 2010, well ahead of real GDP growth of an estimated 6.3% in 2010. Total insurance premiums in Hong Kong in 2010 are estimated at HKD210,098mn. This includes non-life premiums of HKD32,696,mn and life premiums of HKD177,402mn. In 2015, the corresponding figures are forecast to be HKD229,720mn, HKD41,634mn and HKD188,086mn. In terms of the key drivers that underpin our forecasts, we predict non-life penetration to remain constant at 1.85% from 2010 to 2015, and for life density to rise from US$3,212 per capita to US$3,303 per capita over the same period. BMI's proprietary Insurance Business Environment Rating for Hong Kong is 75.1.

As in previous quarters, we provide rankings of the major players in each of the two main segments as they are reported by the organisation providing the data (which in practice is usually the regulator or trade associations). In Hong Kong, the three largest non-life companies in terms of gross written premiums are HSBC Insurance, American Home and BOC Group Insurance. In the life segment, the leaders are AIA, Hang Seng Insurance and HSBC Life. 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 breakdowns of the insurance sector by line from the point of view of the regulator or trade associations. In Hong Kong, the largest non-life lines in were accident and health - medical, statutory general liability and property damage. 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:

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
What Might Have Been: Prudential's Acquisition Of AIA
- Tale: AIA - Key Facts
- Table: AIA's Market Positions
- Table: What The Combined Group Would Have Looked Like - Latest Rankings In Asia Pacific Life Insurance
- Table: Asia Highlights Of Prudential plc's 2009 Annual Report
- Table: Prudential plc's New Business In Annualised Premium Equivalent, 2009
- Table: Global Life Insurance Profitability - Selected Figures
- Table: Who's Who - Life Insurance Joint Ventures And Businesses In India And China
Asia Pacific Market Overview
- Table: Premium's In Asia Pacific's Non-Life Segment (US$mn)
- Table: Premiums In Asia Pacific's Life Segment (US$mn)
Projections And Forecasts
- Table: Insurance Premiums, 2008-2015
- Projections And Drivers of Growth
- Table: Growth Drivers, 2007-2015
Country Update
- Macroeconomic Outlook
- Table: Hong Kong Economic Activity, 2007-2015
- Political Outlook
- Long-Term Political Outlook
Insurance Business Environment Ratings
- Table: Hong Kong's Insurance Business Environment Rating
- 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: Non-Life Companies' Performance, 2009 (HKDmn)
- Table: Non-Life Lines Overview, 9M10 (HKDmn)
- Table: Life Segment - New Business, 9M10 (HKDmn)
- Table: Life Segment - In-force Premiums, 9M10 (HKDmn)
Analysis Of Regional Competitive Conditions
Regional Company Profiles
- Allianz
- Aviva
- Cardif
- Fortis
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential plc
- Sun Life Financial
- The Principal
- Zurich Financial Services
Country Snapshot: Hong Kong Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown
- Section 2: Education And Healthcare
- Table: Vital Statistics, 2005-2030
- Table: Education, 2002-2005
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Average Annual Wages, 2005-2012
- Table: Consumer Expenditure, 2000-2012 (US$)
BMI 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

About Fast Market Research

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For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

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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.
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Tags:Insurance, Premiums, Non-life, Asia, Prudential, Hkdmn, Aia, Hsbc, Ratings, 9m10
Industry:Finance, Research, Banking
Location:Massachusetts - United States
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