Hong Kong Personal Accident and Health Segment Grew at A Review-Period CAGR of 6.4%

Date: 2015-09-17

“• The gross written premium of the Hong Kong personal accident and health segment grew at a review-period CAGR of 6.4%.

• Health insurance was the segment’s largest category during the review period, accounting for a gross written premium share of 77.2% in 2013. 

• This increase was driven by a rise in healthcare expenditure, an increase in the volume of outbound tourists, favorable government initiatives and growing consumer awareness of the benefits of insurance. 

• Health insurance is expected to retain the largest share of the Hong Kong personal accident and health segment’s gross written premium over the forecast period

• E-commerce is expected to record a CAGR of 8.2% over the forecast period, as personal accident and health insurers increasingly use online distribution channels”

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