Insurance in Hong Kong

Insurance in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). 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 Kong insurance market had total gross written premiums of $65.9bn in 2018, representing a compound annual growth rate (CAGR) of 12.9% between 2014 and 2018.

– The life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $61.0bn, equivalent to 92.6% of the market's overall value.

– Increasing demand for life insurance products led to Hong Kong’s strong growth rates.

Scope

– Save time carrying out entry-level research by identifying the size, growth, major segments, 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

- What was the size of the Hong Kong insurance market by value in 2018?

- What will be the size of the Hong Kong insurance market in 2023?

- What factors are affecting the strength of competition in the Hong Kong insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in Hong Kong's insurance market?

Companies mentioned

AIA Group Limited

Prudential Plc

HSBC Insurance (Asia) Limited

BOC Group Life Assurance Company Limited

Table of Contents

Table of Contents

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 the leading players follow?

7.4. Has there been any M&A activity in recent years?

8 Company Profiles

8.1. AIA Group Limited

8.2. Prudential Plc

8.3. HSBC Insurance (Asia) Limited

8.4. BOC Group Life Assurance Company Limited

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Hong Kong insurance market value: $ billion, 2014-18

Table 2: Hong Kong insurance market category segmentation: $ billion, 2018

Table 3: Hong Kong insurance market geography segmentation: $ billion, 2018

Table 4: Hong Kong insurance market value forecast: $ billion, 2018-23

Table 5: Hong Kong insurance market share: % share, by value, 2018

Table 6: AIA Group Limited: key facts

Table 7: AIA Group Limited: Annual Financial Ratios

Table 8: AIA Group Limited: Key Employees

Table 9: Prudential Plc: key facts

Table 10: Prudential Plc: Annual Financial Ratios

Table 11: Prudential Plc: Key Employees

Table 12: HSBC Insurance (Asia) Limited: key facts

Table 13: HSBC Insurance (Asia) Limited: Key Employees

Table 14: BOC Group Life Assurance Company Limited: key facts

Table 15: BOC Group Life Assurance Company Limited: Key Employees

Table 16: Hong Kong size of population (million), 2014-18

Table 17: Hong Kong gdp (constant 2005 prices, $ billion), 2014-18

Table 18: Hong Kong gdp (current prices, $ billion), 2014-18

Table 19: Hong Kong inflation, 2014-18

Table 20: Hong Kong consumer price index (absolute), 2014-18

Table 21: Hong Kong exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: Hong Kong insurance market value: $ billion, 2014-18

Figure 2: Hong Kong insurance market category segmentation: % share, by value, 2018

Figure 3: Hong Kong insurance market geography segmentation: % share, by value, 2018

Figure 4: Hong Kong insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in Hong Kong, 2018

Figure 6: Drivers of buyer power in the insurance market in Hong Kong, 2018

Figure 7: Drivers of supplier power in the insurance market in Hong Kong, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Hong Kong, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in Hong Kong, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in Hong Kong, 2018

Figure 11: Hong Kong insurance market share: % share, by value, 2018

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