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Research and Markets: Hong Kong Insurance Market to 2013 Report States That the Market Is Strongly Biased Towards Long-Term Insurance
Wednesday April 22, 09:00 PM
Research and Markets (http://www.researchandmarkets.com/research/4b4cc5/hong_kong_insuranc)
has announced the addition of the "Hong
Kong Insurance Market to 2013" report to their offering.
Hong Kong is one of the most dynamic insurance markets in the world. Its
geographic location, credible legal system and effective regulatory
framework have helped it to become a leading insurance centre in Asia
that has attracted many of the world's top insurers, says a new research
report "Hong
Kong Insurance Market to 2013."
Demand for insurance products has been rising rapidly in recent years,
and is expected to continue growing substantially during our forecast
period (2009-2013). There will not be any significant impact of the
economic turmoil on the market as consumers have not stopped buying
insurance products but simply changed their choices for insurance
products. They are now opting for less risky products which have least
exposure to the open markets. Thus, the decline in demand for
investment-linked products is being offset by increase in traditional
(non-linked) insurance products up to some extent.
Gross premium income has witnessed double-digit annual growth rates
since 1990s, rising by 26.5% in 2007 on YOY basis. The market is
strongly biased towards long-term insurance, which accounts for over 86%
of the market, while general insurance premium make up 14%, as on 2008
end.
The report provides extensive research and rational analysis of the
insurance industry in Hong Kong. The report thoroughly examines the
current industry trends which are adding to the growth of the insurance
industry. The report also gives future outlook considering the possible
impact of recession on various segments of the industry.
The report also features forecast (2009-2013) on premium of following
insurance branches/sub-branches:
Long-term Insurance
Life & Annuity
Retirement Scheme
General Insurance
Accident & Health
General Liability
Property
Motor
The forecast given in this report is not based on a complex economic
model, but is intended as a rough guide to the direction in which the
market is likely to move. This forecast is based on correlations between
past market growth and growth of base drivers.
Key Topics Covered:
Analyst View
Macroeconomic Outlook
Insurance Market Overview
Market Performance & Future Outlook to 2013
Market Trends
Competitive Landscape
List of Tables
List of Figures
For more information visit http://www.researchandmarkets.com/research/4b4cc5/hong_kong_insuranc.
Contact:Research and MarketsLaura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
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