Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2018

Date: 2015-09

The Hong Kong non-life insurance segment grew at a review-period (2009โ€“2013) compound annual growth rate (CAGR) of 10.6%, primarily supported by rising motor vehicle sales, increased construction activity and a favorable regulatory environment. The increasing volume of construction and infrastructure projects drove demand for property insurance during the review period, supported the non-life segment. The non-life segmentโ€™s gross written premium grew at a review-period CAGR of 10.6%, and is expected to increase at a forecast-period (2014โˆ’2018) CAGR of 8.9%) in 2018. Property insurance was the largest category, in terms of gross written premium, during the review period accounting for 37.6% of the segmentโ€™s gross written premium in 2013. Liability insurance was the second-largest category in 2013.

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