Synopsis:
The report provides in-depth market analysis, information and insights into Hong Kong personal accident and health insurance segment, including:
• The Hong Kong personal accident and health insurance segment’s growth prospects by insurance category
• Key trends and drivers for the personal accident and health insurance segment
• The various distribution channels in the Hong Kong personal accident and health insurance segment
• The detailed competitive landscape in the personal accident and health insurance segment in Hong Kong
• Detailed regulatory policies of Hong Kong insurance industry
• Analysis of various consumer segments in Hong Kong personal accident and health insurance
• Key developments in the Hong Kong personal accident and health insurance segment
• New products launched by Hong Kong personal accident and health insurers
Executive Summary :
The Hong Kong personal accident and health segment’s gross written premium grew at a review-period CAGR of 6.4%. Health insurance accounted for 77.2% of the personal accident and health insurance gross written premium value in 2013, followed by personal accident and travel insurance. The gross written premium of health insurance rose at a review-period CAGR of 6.4%. The increase in healthcare expenditure, a rise in outbound tourist volume, favorable government initiatives and growing consumer awareness of the benefits of insurance products all supported this growth. Hong Kong’s positive economic outlook is also expected to drive the segment’s growth over the forecast period. According to the IMF Hong Kong’s GDP at current prices is expected to increase at a forecast-period CAGR of 6.9%in 2018. This growth is expected to result in a rise in average income levels, and increase demand for personal accident and health insurance. Specifically, the number of personal accident and health insurance policies sold in Hong Kong is expected to increase, at a forecast-period CAGR of 5.2% in 2018....