Life Insurance in Hong Kong, Key Trends and Opportunities to 2019

Published: Mar, 2016 | Pages: 195 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Life Insurance in Hong Kong, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Hong Kong life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).

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

The report brings together Timetric's 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
Timetric's 'Life Insurance in Hong Kong, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into Hong Kong life insurance segment, including:

The Hong Kong life insurance segment's growth prospects by life insurance category

Key trends, drivers and challenges for the life insurance segment

A comprehensive overview of Hong's Kong economy and demographics

The various distribution channels in the Hong Kong life insurance segment

Details of the competitive landscape in the life 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 life insurance segment in Hong Kong:

It provides historical values for the Hong Kong life insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

It offers a detailed analysis of the key categories in the Hong Kong life insurance segment, and market forecasts to 2019.

It analyzes the various distribution channels for life insurance products in Hong Kong.

It profiles the top life 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 life insurance segment, and each category within it.

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

Assess the competitive dynamics in the life 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
The life segment accounted for 87.0% of the Hong Kong insurance industry's gross written premium in 2014.

The segment was driven by rising consumer demand and awareness of life insurance, favorable regulation and product innovations.

Bancassurance was the leading distribution channel during the review period, with 50.6% of the new business gross written premium in 2014.

The life segment is highly populated with 49 insurers, and competition is very high.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual general annuity insurance
5.5.3 Individual endowment insurance
5.5.4 Individual term life insurance
5.5.5 Other individual life insurance
5.6 Group Life Insurance
5.6.1 Group whole life insurance
5.6.2 Group superannuation insurance
5.7 Life Insurance Growth Prospects by Product Type
5.7.1 Individual single-premium insurance
5.7.2 Individual non-single-premium insurance
5.7.3 Group single-premium insurance
5.7.4 Group non-single-premium insurance
5.7.5 Total linked insurance business
5.7.6 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 Brokers
6.5 Other Channels
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Hong Kong Life Insurance Market
7.2.1 HSBC Life (International) Ltd - company overview
7.2.2 AIA International Ltd - company overview
7.2.3 Prudential Hong Kong Ltd - company overview
7.2.4 China Life Insurance (Overseas) Company Ltd - company overview
7.2.5 Manulife (International) Ltd - company overview
7.2.6 BOC Group Life Assurance Company Ltd - company overview
7.2.7 Axa China Region Insurance Company

List of Tables
Table 1: Hong Kong Life Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Hong Kong Government Credit Ratings
Table 4: Hong Kong Life Insurance - New Business Direct Written Premium (HKD Billion), 2010-2014
Table 5: Hong Kong Life Insurance - New Business Direct Written Premium (HKD Billion), 2014-2019
Table 6: Hong Kong Life Insurance - Net Earned Premium (HKD Billion), 2010-2014
Table 7: Hong Kong Life Insurance - Net Earned Premium (HKD Billion), 2014-2019
Table 8: Hong Kong Life Insurance - Sum Assured (HKD Billion), 2010-2014
Table 9: Hong Kong Life Insurance - Sum Assured (HKD Billion), 2014-2019
Table 10: Hong Kong Life Insurance - Paid Claims (HKD Billion), 2010-2014
Table 11: Hong Kong Life Insurance - Paid Claims (HKD Billion), 2014-2019
Table 12: Hong Kong Life Insurance - Incurred Loss (HKD Billion), 2010-2014
Table 13: Hong Kong Life Insurance - Incurred Loss (HKD Billion), 2014-2019
Table 14: Hong Kong Life Insurance - Number of Policies per Capita, 2010-2014
Table 15: Hong Kong Life Insurance - Number of Policies per Capita, 2014-2019
Table 16: Hong Kong Life Insurance - Commissions and Expenses (HKD Billion), 2010-2014
Table 17: Hong Kong Life Insurance - Commissions and Expenses (HKD Billion), 2014-2019
Table 18: Hong Kong Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
Table 19: Hong Kong Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Table 20: Hong Kong Life Insurance - Renewal Business Direct Written Premium (HKD Billion), 2010-2014
Table 21: Hong Kong Life Insurance - Renewal Business Direct Written Premium (HKD Billion), 2014-2019
Table 22: Hong Kong Life Insurance - Net Written Premium (HKD Billion), 2010-2014
Table 23: Hong Kong Life Insurance - Net Written Premium (HKD Billion), 2014-2019
Table 24: Hong Kong Individual Life Insurance - Direct Written Premium by Category (HKD Billion), 2010-2014
Table 25: Hong Kong Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 26: Hong Kong Individual Life Insurance - Direct Written Premium by Category (HKD Billion), 2014-2019
Table 27: Hong Kong Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 28: Hong Kong Individual Life Insurance - Policies by Category (Thousand), 2010-2014
Table 29: Hong Kong Individual Life Insurance - Policies by Category (Thousand), 2014-2019
Table 30: Hong Kong Individual Whole Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 31: Hong Kong Individual Whole Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 32: Hong Kong Individual Whole Life Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 33: Hong Kong Individual Whole Life Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 34: Hong Kong Individual General Annuity Insurance - Number of Active Policies (Thousand), 2010-2014
Table 35: Hong Kong Individual General Annuity Insurance - Number of Active Policies (Thousand), 2014-2019
Table 36: Hong Kong Individual General Annuity Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 37: Hong Kong Individual General Annuity Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 38: Hong Kong Individual Endowment Insurance - Number of Active Policies (Thousand), 2010-2014
Table 39: Hong Kong Individual Endowment Insurance - Number of Active Policies (Thousand), 2014-2019
Table 40: Hong Kong Individual Endowment Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 41: Hong Kong Individual Endowment Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 42: Hong Kong Individual Term Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 43: Hong Kong Individual Term Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 44: Hong Kong Individual Term Life Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 45: Hong Kong Individual Term Life Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 46: Hong Kong Other Individual Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 47: Hong Kong Other Individual Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 48: Hong Kong Other Individual Life Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 49: Hong Kong Other Individual Life Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 50: Hong Kong Group Life Insurance - Direct Written Premium by Category (HKD Billion), 2010-2014
Table 51: Hong Kong Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 52: Hong Kong Group Life Insurance - Direct Written Premium by Category (HKD Billion), 2014-2019
Table 53: Hong Kong Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 54: Hong Kong Group Life Insurance - Policies by Category (Thousand), 2010-2014
Table 55: Hong Kong Group Life Insurance - Policies by Category (Thousand), 2014-2019
Table 56: Hong Kong Group Whole Life Insurance - Number of Active Policies (Thousand), 2010-2014
Table 57: Hong Kong Group Whole Life Insurance - Number of Active Policies (Thousand), 2014-2019
Table 58: Hong Kong Group Whole Life Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 59: Hong Kong Group Whole Life Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 60: Hong Kong Group Superannuation Insurance - Number of Active Policies (Thousand), 2010-2014
Table 61: Hong Kong Group Superannuation Insurance - Number of Active Policies (Thousand), 2014-2019
Table 62: Hong Kong Group Superannuation Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 63: Hong Kong Group Superannuation Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 64: Hong Kong Individual Single-Premium Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 65: Hong Kong Individual Single-Premium Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 66: Hong Kong Individual Non-Single-Premium Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 67: Hong Kong Individual Non-Single-Premium Insurance - Direct Written Premium  (HKD Billion), 2014-2019
Table 68: Hong Kong Group Single-Premium Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 69: Hong Kong Group Single-Premium Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 70: Hong Kong Group Non-Single-Premium Insurance - Direct Written Premium (HKD Billion), 2010-2014
Table 71: Hong Kong Group Non-Single-Premium Insurance - Direct Written Premium (HKD Billion), 2014-2019
Table 72: Hong Kong Linked Insurance Business - Number of Active Policies (Thousand), 2010-2014
Table 73: Hong Kong Linked Insurance Business - Number of Active Policies (Thousand), 2014-2019
Table 74: Hong Kong Linked Insurance Business - Direct Written Premium (HKD Billion), 2010-2014
Table 75: Hong Kong Linked Insurance Business - Direct Written Premium (HKD Billion), 2014-2019
Table 76: Hong Kong Non-Linked Insurance Business - Number of Active Policies (Thousand), 2010-2014
Table 77: Hong Kong Non-Linked Insurance Business - Number of Active Policies (Thousand), 2014-2019
Table 78: Hong Kong Non-Linked Insurance Business - Direct Written Premium (HKD Billion), 2010-2014
Table 79: Hong Kong Non-Linked Insurance Business - Direct Written Premium  (HKD Billion), 2014-2019
Table 80: Hong Kong Life Insurance - Direct Marketing Value of Commissions (HKD Million), 2010-2014
Table 81: Hong Kong Life Insurance - Direct Marketing Value of Commissions (HKD Million), 2014-2019
Table 82: Hong Kong Life Insurance - Direct Marketing New Business Direct Written Premium (HKD Million), 2010-2014
Table 83: Hong Kong Life Insurance - Direct Marketing New Business Direct Written Premium (HKD Million), 2014-2019
Table 84: Hong Kong Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2010-2014
Table 85: Hong Kong Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2014-2019
Table 86: Hong Kong Life Insurance - Sales Force, 2010-2014
Table 87: Hong Kong Life Insurance - Sales Force, 2014-2019
Table 88: Hong Kong Life Insurance - Bancassurance Value of Commissions (HKD Billion), 2010-2014
Table 89: Hong Kong Life Insurance - Bancassurance Value of Commissions (HKD Billion), 2014-2019
Table 90: Hong Kong Life Insurance - Bancassurance New Business Direct Written Premium (HKD Billion), 2010-2014
Table 91: Hong Kong Life Insurance - Bancassurance New Business Direct Written Premium (HKD Billion), 2014-2019
Table 92: Hong Kong Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2010-2014
Table 93: Hong Kong Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2014-2019
Table 94: Hong Kong Life Insurance - Number of Banking Entities, 2010-2014
Table 95: Hong Kong Life Insurance - Number of Banking Entities, 2014-2019
Table 96: Hong Kong Life Insurance - Agencies' Value of Commissions (HKD Billion), 2010-2014
Table 97: Hong Kong Life Insurance - Agencies' Value of Commissions (HKD Billion), 2014-2019
Table 98: Hong Kong Life Insurance - Agencies' New Business Direct Written Premium (HKD Billion), 2010-2014
Table 99: Hong Kong Life Insurance - Agencies' New Business Direct Written Premium (HKD Billion), 2014-2019
Table 100: Hong Kong Life Insurance - New Policies Sold Through Agencies (Thousand), 2010-2014
Table 101: Hong Kong Life Insurance - New Policies Sold Through Agencies (Thousand), 2014-2019
Table 102: Hong Kong Life Insurance - Number of Insurance Agents, 2010-2014
Table 103: Hong Kong Life Insurance - Number of Insurance Agents, 2014-2019
Table 104: Hong Kong Life Insurance - Brokers' Value of Commissions (HKD Billion), 2010-2014
Table 105: Hong Kong Life Insurance - Brokers' Value of Commissions (HKD Billion), 2014-2019
Table 106: Hong Kong Life Insurance - Brokers' New Business Direct Written Premium (HKD Billion), 2010-2014
Table 107: Hong Kong Life Insurance - Brokers' New Business Direct Written Premium (HKD Billion), 2014-2019
Table 108: Hong Kong Life Insurance - New Policies Sold Through Brokers (Thousand), 2010-2014
Table 109: Hong Kong Life Insurance - New Policies Sold Through Brokers (Thousand), 2014-2019
Table 110: Hong Kong Life Insurance - Number of Insurance Brokers, 2010-2014
Table 111: Hong Kong Life Insurance - Number of Insurance Brokers, 2014-2019
Table 112: Hong Kong Life Insurance - Other Channels' Value of Commissions (HKD Million), 2010-2014
Table 113: Hong Kong Life Insurance - Other Channels' Value of Commissions (HKD Million), 2014-2019
Table 114: Hong Kong Life Insurance - Other Channels' New Business Direct Written Premium (HKD Million), 2010-2014
Table 115: Hong Kong Life Insurance - Other Channels' New Business Direct Written Premium (HKD Million), 2014-2019
Table 116: Hong Kong Life Insurance - New Policies Sold Through Other Channels, 2010-2014
Table 117: Hong Kong Life Insurance - New Policies Sold Through Other Channels, 2014-2019
Table 118: Shares of Key Insurers in the Hong Kong Life Insurance Segment (%), 2014
Table 119: HSBC Life (International) Ltd - Key Facts
Table 120: AIA International Ltd - Key Facts
Table 121: Prudential Hong Kong Ltd - Key Facts
Table 122: China Life Insurance (Overseas) Company Ltd - Key Facts
Table 123: Manulife (International) Ltd - Key Facts
Table 124: BOC Group-life Assurance Company Ltd - Key Facts
Table 125: Axa China Region Insurance Company�(Bermuda)�Ltd - Key Facts
Table 126: Hang Seng Insurance Company Ltd - Key Facts
Table 127: FWD Life Insurance Company (Bermuda) Ltd - Key Facts
Table 128: Sun Life Hong Kong Limited - Key Facts
Table 129: Hong Kong - Insurance Regulatory Framework Key Features
Table 130: Hong Kong - Life Insurance Regulatory Framework
Table 131: Hong Kong - Property Insurance Regulatory Framework
Table 132: Hong Kong - Motor Insurance Regulatory Framework
Table 133: Hong Kong - Liability Insurance Regulatory Framework
Table 134: Hong Kong - Minimum Cover for Aircraft Liability Per Accident Per Aircraft
Table 135: Hong Kong - Corporation Tax Rates for the Financial Year 2016