New Market Report: Reinsurance in Hong Kong, Key Trends and Opportunities to 2017

From: Fast Market Research, Inc.
Published: Thu Dec 26 2013


The popularity of Hong Kong as a reinsurance hub and the anticipated growth of the life, non-life, and personal accident and health segments are expected to drive the growth of the Hong Kong reinsurance segment over the forecast period. Reinsurance companies operating in Hong Kong generate a considerable proportion of their revenue from offshore business, with the frequent occurrence of natural disasters in primary offshore markets of the Asia-Pacific region forcing insurance companies to cede part of their premiums to reinsurers to avoid substantial incurred loss. Overall, the written premium of the Hong Kong reinsurance segment increased at a review-period CAGR of 17.5%.

Key Highlights

* The Hong Kong reinsurance segment is dominated by international reinsurers
* Reinsurance companies operating in Hong Kong generate the majority of their revenues from offshore markets such as Mainland China, Japan, Taiwan and other Asian countries
* The Hong Kong reinsurance segment is one of the largest in the Asia-Pacific region, with total written premiums increasing from HKD5.4 billion (US$0.70 billion) in 2008 to HKD10.3 billion (US$1.33 billion) in 2012, at a CAGR of 17.5% during the review period
* Hong Kong's liberal trade policies have made the country, alongside Singapore, a leading reinsurance hub in the Asia-Pacific region

Full Report Details at
- http://www.fastmr.com/prod/724781_reinsurance_in_hong_kong_key_trends_and.aspx?afid=303

Scope

This report provides a comprehensive analysis of the reinsurance segment in Hong Kong:

* It provides historical values for Hong Kong's reinsurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key sub-segments in Hong Kong's reinsurance segment, along with market forecasts until 2017
* It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Hong Kong and its growth prospects

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast market data related to Hong Kong's reinsurance segment and each sector within it
* Understand the demand-side dynamics, key market trends and growth opportunities within Hong Kong's reinsurance segment
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing Hong Kong's insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: CNOOC Insurance Ltd, Zurich Insurance, Lloyd's, Taiping Reinsurance Company Ltd, Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re), Schweizerische Ruckversicherungs-Gesellschaft AG (Swiss Re), Asia Insurance Company Ltd, XL Insurance, Coface, Asia Capital Reinsurance Group Pte Ltd

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2017
- Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2017
- Life Insurance in Hong Kong, Key Trends and Opportunities to 2017
- Life Insurance in Malaysia, Key Trends and Opportunities to 2017
- Life Insurance in Russia, Key Trends and Opportunities to 2017
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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