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Reinsurance in Hong Kong, Key Trends and Opportunities to 2019

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Date: 31-Mar-2016
No. of pages: 51
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Synopsis

Timetric's 'Reinsurance in Hong Kong, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in Hong Kong reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010-2014) and forecast period (2014-2019).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of Hong Kong's economy and demographics, and provides detailed analysis of natural hazards and their impact on the Hong Kong insurance industry.

The report brings together Timetric's research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric's 'Reinsurance in Hong Kong, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into Hong Kong reinsurance segment, including:

• The Hong Kong reinsurance segment's growth prospects by reinsurance ceded from direct insurance

• A comprehensive overview of Hong Kong's economy and demographics

• Detailed analysis of natural hazards and their impact on Hong Kong insurance industry

• The competitive landscape in Hong Kong reinsurance segment

Scope

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

• It provides historical values for the Hong Kong reinsurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

• It offers a detailed analysis of the key categories in the Hong Kong reinsurance segment, and market forecasts to 2019.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Hong Kong, and the reinsurance segment's growth prospects.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to Hong Kong reinsurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in Hong Kong reinsurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Hong Kong insurance industry, and their impact on companies and the industry's future.

Key Highlights

• Reinsurers operating in Hong Kong generate a considerable proportion of their revenues from offshore business.

• Facultative reinsurance was the dominant category during the review period, as the risk associated is specific to each country.

• Non-life insurers ceded the highest percentage of premium to reinsurers in 2014, with 35.4%, which was followed by personal accident and health insurers with 17.4%.

• The five leading reinsurers collectively accounted for 79.1% of the segment's gross written premium in 2014.

Reinsurance in Hong Kong, Key Trends and Opportunities to 2019

Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2010-2019
5.2 Reinsurance Segment Size by Premium Ceded, 2010-2019
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Natural Hazards
7.1 Typhoon
7.2 Floods
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Hong Kong Reinsurance Segment
8.2.1 Taiping Reinsurance Company Ltd - company overview
8.2.2 Schweizerische Rückversicherungs-Gesellschaft AG (Swiss Re) - company overview
8.2.3 Münchener Rückversicherungs-Gesellschaft (Munich Re) - company overview
8.2.4 BC Reinsurance Ltd - company overview
8.2.5 Toa Reinsurance Company Ltd - company overview
8.2.6 SCOR Reinsurance Company (Asia) Ltd - company overview
8.2.7 Transatlantic Reinsurance Company - company overview
8.2.8 Hannover Rück SE (Hannover Re) - company overview
8.2.9 Peak Reinsurance Company Ltd - company overview
8.2.10 Berkley Insurance Company - company overview
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Hong Kong Reinsurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Hong Kong Government Credit Ratings
Table 4: Hong Kong Reinsurance - Premium Accepted by Category (HKD Billion), 2010-2014
Table 5: Hong Kong Reinsurance - Premium Accepted by Category (US$ Billion), 2010-2014
Table 6: Hong Kong Reinsurance - Premium Accepted by Category (HKD Billion), 2014-2019
Table 7: Hong Kong Reinsurance - Premium Accepted by Category (US$ Billion), 2014-2019
Table 8: Hong Kong Reinsurance - Premium Ceded by Type of Insurance (HKD Billion), 2010-2014
Table 9: Hong Kong Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2010-2014
Table 10: Hong Kong Reinsurance - Premium Ceded by Type of Insurance (HKD Billion), 2014-2019
Table 11: Hong Kong Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2014-2019
Table 12: Hong Kong Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 13: Hong Kong Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 14: Hong Kong Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 15: Hong Kong Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 16: Hong Kong Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 17: Hong Kong Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 18: Hong Kong Average Annual Loss by Hazard, 1990-2014
Table 19: Shares of Key Insurers in the Hong Kong Reinsurance Segment (%), 2014
Table 20: Taiping Reinsurance Company Ltd - Key Facts
Table 21: Taiping Reinsurance Company Ltd - Key Financials (HKD Million)
Table 22: Schweizerische Rückversicherungs-Gesellschaft AG (Swiss Re) - Key Facts
Table 23: Schweizerische Rückversicherungs-Gesellschaft AG (Swiss Re) - Key Financials (HKD Million)
Table 24: Münchener Rückversicherung-Gesellschaft (Munich Re) - Key Facts
Table 25: Munich Re (Münchener Rückversicherung-Gesellschaft) - Key Financials (HKD Million)
Table 26: BC Reinsurance Ltd - Key Facts
Table 27: BC Reinsurance Ltd - Key Financials (HKD Million)
Table 28: Toa Reinsurance Company Ltd - Key Facts
Table 29: Toa Reinsurance Company Ltd - Key Financials (HKD Million)
Table 30: SCOR Reinsurance Company (Asia) Ltd - Key Facts
Table 31: SCOR Reinsurance Company (Asia) Ltd - Key Financials (HKD Million)
Table 32: Transatlantic Reinsurance Company - Key Facts
Table 33: Transatlantic Reinsurance Company - Key Financials (HKD Million)
Table 34: Hannover Rück SE (Hannover Re) - Key Facts
Table 35: Hannover Rück SE (Hannover Re) - Key Financials (HKD Million)
Table 36: Peak Reinsurance Company Ltd - Key Facts
Table 37: Peak Reinsurance Company Ltd - Key Financials (HKD Million)
Table 38: Berkley Insurance Company - Key Facts
Table 39: Berkley Insurance Company - Key Financials (HKD Million)

List of Figures
Figure 1: Hong Kong Real GDP, 2010-2019
Figure 2: Hong Kong HKD/US$ Exchange Rate, 2010-2019
Figure 3: Hong Kong Consumer Price Inflation, 2010-2019
Figure 4: Hong Kong Current Account Balance (Percentage of GDP), 2010-2014
Figure 5: Hong Kong Unemployment Rate, 2010-2019
Figure 6: Hong Kong Population by Age Group, 1991-2025
Figure 7: Hong Kong Reinsurance - Premium Accepted by Category (HKD Billion), 2010-2019
Figure 8: Hong Kong Reinsurance - Premium Accepted by Category (Percentage Share), 2014 and 2019
Figure 9: Hong Kong Reinsurance - Premium Accepted Dynamics by Category, 2010-2019
Figure 10: Hong Kong Reinsurance - Premium Ceded by Type of Insurance (HKD Billion), 2010-2019
Figure 11: Hong Kong Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2010-2019
Figure 12: Hong Kong Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 13: Hong Kong Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 14: Hong Kong Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 15: Hong Kong Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 16: Hong Kong Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 17: Hong Kong Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 18: Economic Losses by Natural Hazards (Percentage Share), 1990-2014
Figure 19: Shares of Key Insurers in the Hong Kong Reinsurance Segment (%), 2014
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