Boston, MA -- (SBWIRE) -- 12/10/2013 -- The popularity of Hong Kong as a reinsurance hub and the anticipated growth of the life, non-life, and personal accident and health segments are expected to drive the growth of the Hong Kong reinsurance segment over the forecast period. Reinsurance companies operating in Hong Kong generate a considerable proportion of their revenue from offshore business, with the frequent occurrence of natural disasters in primary offshore markets of the Asia-Pacific region forcing insurance companies to cede part of their premiums to reinsurers to avoid substantial incurred loss. Overall, the written premium of the Hong Kong reinsurance segment increased at a review-period CAGR of 17.5%.

Key Highlights

- The Hong Kong reinsurance segment is dominated by international reinsurers
- Reinsurance companies operating in Hong Kong generate the majority of their revenues from offshore markets such as Mainland China, Japan, Taiwan and other Asian countries
- The Hong Kong reinsurance segment is one of the largest in the Asia-Pacific region, with total written premiums increasing from HKD5.4 billion (US$0.70 billion) in 2008 to HKD10.3 billion (US$1.33 billion) in 2012, at a CAGR of 17.5% during the review period
- Hong Kong's liberal trade policies have made the country, alongside Singapore, a leading reinsurance hub in the Asia-Pacific region

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Scope

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

- It provides historical values for Hong Kong's reinsurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key sub-segments in Hong Kong's reinsurance segment, along with market forecasts until 2017
- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Hong Kong and its growth prospects

Reasons to Get This Report

- Make strategic business decisions using in depth historic and forecast market data related to Hong Kong's reinsurance segment and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within Hong Kong's reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing Hong Kong's insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: CNOOC Insurance Ltd, Zurich Insurance, Lloyd's, Taiping Reinsurance Company Ltd, Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re), Schweizerische Ruckversicherungs-Gesellschaft AG (Swiss Re), Asia Insurance Company Ltd, XL Insurance, Coface, Asia Capital Reinsurance Group Pte Ltd

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