Insurance in Hong Kong - Market Summary, Competitive Analysis and Forecast to 2025

Insurance in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
The Hong Kongese insurance market had total gross written premiums of $73.1bn in 2020, representing a compound annual growth rate (CAGR) of 6.5% between 2016 and 2020.
The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $67.4bn, equivalent to 92.2% of the market's overall value.
China’s Greater Bay Area plan could provide new opportunities for insurance companies to generate business and boost market growth across the forecast period.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Hong Kong
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Hong Kong
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong insurance market with five year forecasts

Reasons to Buy

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Frequently Asked Questions about the Insurance Market in Hong Kong

What is the estimated value of the Insurance Market in Hong Kong?

The Insurance Market in Hong Kong was estimated to be valued at $73.13 Billion in 2020.

What is the growth rate of the Insurance Market in Hong Kong?

The growth rate of the Insurance Market in Hong Kong is 5.2%, with an estimated value of $94.24 Billion by 2025.

What is the forecasted size of the Insurance Market in Hong Kong?

The Insurance Market in Hong Kong is estimated to be worth $94.24 Billion by 2025.

Who are the key companies in the Insurance Market in Hong Kong?

Key companies in the Insurance Market in Hong Kong include AIA Group Ltd, Manulife (International) Limited, Sun Life Hong Kong Limited and China Life Insurance Co Ltd.

Report Attribute	Details
No. of Pages	46
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 73.13 Billion
Forecasted Market Value ( USD ) by 2025	$ 94.24 Billion
Compound Annual Growth Rate	5.2%
Regions Covered	Hong Kong

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. AIA Group Ltd
8.2. Manulife (International) Limited
8.3. Sun Life Hong Kong Limited
8.4. China Life Insurance Co Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About The Publisher

List of Tables

Table 1: Hong Kong insurance market value: $ billion, 2016 - 20
Table 2: Hong Kong insurance market category segmentation: $ billion, 2020
Table 3: Hong Kong insurance market geography segmentation: $ billion, 2020
Table 4: Hong Kong insurance market value forecast: $ billion, 2020 - 25
Table 5: Hong Kong insurance market share: % share, by value, 2020
Table 6: AIA Group Ltd: key facts
Table 7: AIA Group Ltd: Annual Financial Ratios
Table 8: AIA Group Ltd: Key Employees
Table 9: AIA Group Ltd: Key Employees Continued
Table 10: Manulife (International) Limited: key facts
Table 11: Manulife (International) Limited: Key Employees
Table 12: Sun Life Hong Kong Limited: key facts
Table 13: Sun Life Hong Kong Limited: Key Employees
Table 14: China Life Insurance Co Ltd: key facts
Table 15: China Life Insurance Co Ltd: Annual Financial Ratios
Table 16: China Life Insurance Co Ltd: Key Employees
Table 17: China Life Insurance Co Ltd: Key Employees Continued
Table 18: Hong Kong size of population (million), 2016 - 20
Table 19: Hong Kong gdp (constant 2005 prices, $ billion), 2016 - 20
Table 20: Hong Kong gdp (current prices, $ billion), 2016 - 20
Table 21: Hong Kong inflation, 2016 - 20
Table 22: Hong Kong consumer price index (absolute), 2016 - 20
Table 23: Hong Kong exchange rate, 2016 - 20

List of Figures

Figure 1: Hong Kong insurance market value: $ billion, 2016 - 20
Figure 2: Hong Kong insurance market category segmentation: % share, by value, 2020
Figure 3: Hong Kong insurance market geography segmentation: % share, by value, 2020
Figure 4: Hong Kong insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the insurance market in Hong Kong, 2020
Figure 6: Drivers of buyer power in the insurance market in Hong Kong, 2020
Figure 7: Drivers of supplier power in the insurance market in Hong Kong, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Hong Kong, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Hong Kong, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Hong Kong, 2020
Figure 11: Hong Kong insurance market share: % share, by value, 2020