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

  • ID: 4243442
  • Report
  • Region: Hong Kong
  • 108 pages
  • Timetric
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FEATURED COMPANIES

  • AIA International Company
  • Bupa (Asia) Ltd
  • CTPI (Hong Kong) Ltd
  • MORE
The '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 (2011-2015) and forecast period (2015-2020).

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 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:

The '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 segment’s 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 report’s 2011-2015 review period, and projected figures for the 2015-2020 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 segment’s direct written premium in 2015.

- Personal accident insurance was the smallest category, accounting for 23.4% of the segment’s 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 segment’s gross written premium in 2015.

- The segment’s penetration rose from 0.49% in 2011 to 0.58% in 2015.
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FEATURED COMPANIES

  • AIA International Company
  • Bupa (Asia) Ltd
  • CTPI (Hong Kong) Ltd
  • MORE
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
11.1 Contact
11.2 About
11.3 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), 2011-2015
Table 5: Hong Kong Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 6: Hong Kong Personal Accident and Health Insurance - Gross Written Premium (HKD Billion and US$ Billion), 2015-2020
Table 7: Hong Kong Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 8: Hong Kong Personal Accident and Health Insurance - Premium per Capita (HKD and US$), 2011-2015
Table 9: Hong Kong Personal Accident and Health Insurance - Premium per Capita (HKD and US$), 2015-2020
Table 10: Hong Kong Personal Accident and Health Insurance - Paid Claims (HKD Billion and US$ Million), 2011-2015
Table 11: Hong Kong Personal Accident and Health Insurance - Paid Claims (HKD Billion and US$ Million), 2015-2020
Table 12: Hong Kong Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 13: Hong Kong Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 14: Hong Kong Personal Accident and Health Insurance - Total Assets (HKD Billion and US$ Billion), 2011-2015
Table 15: Hong Kong Personal Accident and Health Insurance - Total Assets (HKD Billion and US$ Billion), 2015-2020
Table 16: Hong Kong Personal Accident and Health Insurance - Investment Portfolio (HKD Billion), 2011-2015
Table 17: Hong Kong Personal Accident and Health Insurance - Investment Portfolio (HKD Billion), 2015-2020
Table 18: Hong Kong Personal Accident and Health Insurance - Direct Written Premium by Category (HKD Billion), 2011-2015
Table 19: Hong Kong Personal Accident and Health Insurance - Direct Written Premium by Category (HKD Billion), 2015-2020
Table 20: Hong Kong Personal Accident Insurance - Direct Written Premium (HKD Billion and US$ Million), 2011-2015
Table 21: Hong Kong Personal Accident Insurance - Direct Written Premium (HKD Billion and US$ Million), 2015-2020
Table 22: Hong Kong Personal Accident Insurance - Paid Claims (HKD Million and US$ Million), 2011-2015
Table 23: Hong Kong Personal Accident Insurance - Paid Claims (HKD Million and US$ Million), 2015-2020
Table 24: Hong Kong Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 25: Hong Kong Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 26: Hong Kong Health Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2011-2015
Table 27: Hong Kong Health Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2015-2020
Table 28: Hong Kong Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
Table 29: Hong Kong Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
Table 30: Hong Kong Health Insurance - Paid Claims (HKD Billion and US$ Million), 2011-2015
Table 31: Hong Kong Health Insurance - Paid Claims (HKD Billion and US$ Million), 2015-2020
Table 32: Hong Kong Health Insurance - Loss Ratio (%), 2011-2015
Table 33: Hong Kong Health Insurance - Loss Ratio (%), 2015-2020
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), 2011-2015
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), 2011-2015
Table 40: Blue Cross (Asia-Pacific) Insurance Ltd - Key Facts
Table 41: Blue Cross (Asia-Pacific) Insurance Ltd - Key Financials (HKD Million), 2011-2015
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, 2011-2015
Table 51: Hong Kong Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 52: Hong Kong Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 53: Hong Kong Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 54: Hong Kong Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 55: Hong Kong Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 56: Hong Kong Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 57: Hong Kong Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 58: Hong Kong Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 59: Hong Kong Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 60: Hong Kong Personal Accident and Health Insurance - Health by Product, 2011-2015
Table 61: Hong Kong Personal Accident and Health Insurance - Health by Product, 2015-2020
Table 62: Insurance Industry Definitions

List of Figures:
Figure 1: Hong Kong Real GDP (HKD Billion), 2011-2020
Figure 2: Hong Kong Consumer Price Inflation (%), 2011-2020
Figure 3: Hong Kong Current Account Balance as Percentage of GDP (%), 2011-2020
Figure 4: HKD-US$ Exchange Rate, 2011-2020
Figure 5: Hong Kong Unemployment Rate, 2011-2020
Figure 6: Hong Kong Population by Age Group, 1991-2025
Figure 7: Hong Kong Personal Accident Insurance - Number of Road Accidents, 2011-2015
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), 2011-2020
Figure 11: Hong Kong Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 12: Hong Kong Personal Accident and Health Insurance - Premium per Capita (HKD), 2011-2020
Figure 13: Hong Kong Personal Accident and Health Insurance - Paid Claims (HKD Billion), 2011-2020
Figure 14: Hong Kong Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 15: Hong Kong Personal Accident and Health Insurance - Total Assets (HKD Billion), 2011-2020
Figure 16: Hong Kong Personal Accident and Health Insurance - Investment Portfolio (HKD Billion), 2011-2020
Figure 17: Hong Kong Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 18: Hong Kong Personal Accident and Health Insurance - Direct Written Premium by Category (HKD Billion), 2011-2020
Figure 19: Hong Kong Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 20: Hong Kong Personal Accident Insurance - Direct Written Premium (HKD Billion), 2011-2020
Figure 21: Hong Kong Personal Accident Insurance - Paid Claims (HKD Billion), 2011-2020
Figure 22: Hong Kong Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (HKD Billion and %), 2011-2020
Figure 23: Hong Kong Health Insurance - Direct Written Premium by Sub-Category (HKD Billion), 2011-2020
Figure 24: Hong Kong Health Insurance - Direct Written Premium Dynamics by Sub-Category, 2011-2020
Figure 25: Hong Kong Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2020
Figure 26: Hong Kong Health Insurance - Paid Claims (HKD Billion), 2011-2020
Figure 27: Hong Kong Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (HKD Billion and %), 2011-2020
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
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  • Bupa (Asia) Ltd
  • Axa General Insurance Hong Kong Ltd
  • Axa China Region Insurance Company Ltd
  • Blue Cross (Asia-Pacific) Insurance Ltd
  • CTPI (Hong Kong) Ltd
  • AIA International Company
  • Prudential (Hong Kong) General
  • Liberty International Insurance Ltd
  • Bank of China Group Insurance Ltd
  • Zurich Insurance (Hong Kong) Ltd
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