Reinsurance in Hong Kong, Key Trends and Opportunities to 2018

Date: 2015-09

Hong Kong’s popularity as a reinsurance hub and anticipated growth of the life, non-life, and personal accident and health insurance segments are expected to drive the growth of Hong Kong reinsurance over the forecast period (2013–2018). Reinsurers operating in Hong Kong generate a considerable proportion of revenue from offshore business. The frequent occurrence of natural disasters in Asia-Pacific forced insurers to cede part of their premium to reinsurers to avoid substantial incurred loss. The premium accepted by the Hong Kong reinsurance segment rose at a review-period (2009–2013) compound annual growth rate (CAGR) of 19.3%.

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