Lewes, DE -- (SBWIRE) -- 12/02/2014 -- The Hong Kong personal accident and health segment's gross written premium grew at a review-period CAGR of 6.4%. Health insurance accounted for 77.2% of the personal accident and health insurance gross written premium value in 2013, followed by personal accident and travel insurance. The gross written premium of health insurance rose at a review-period CAGR of 6.4%.

The increase in healthcare expenditure, a rise in outbound tourist volume, favorable government initiatives and growing consumer awareness of the benefits of insurance products all supported this growth. Hong Kong's positive economic outlook is also expected to drive the segment's growth over the forecast period. According to the IMF Hong Kong's GDP at current prices is expected to increase at a forecast-period CAGR of 6.9%in 2018.

This growth is expected to result in a rise in average income levels, and increase demand for personal accident and health insurance. Specifically, the number of personal accident and health insurance policies sold in Hong Kong is expected to increase, at a forecast-period CAGR of 5.2% in 2018.

The report provides in-depth market analysis, information and insights into Hong Kong personal accident and health insurance segment, including:
- The Hong Kong personal accident and health insurance segment's growth prospects by insurance category
- Key trends and drivers for the personal accident and health insurance segment
- The various distribution channels in the Hong Kong personal accident and health insurance segment
- The detailed competitive landscape in the personal accident and health insurance segment in Hong Kong
- Detailed regulatory policies of Hong Kong insurance industry
- Analysis of various consumer segments in Hong Kong personal accident and health insurance
- Key developments in the Hong Kong personal accident and health insurance segment
- New products launched by Hong Kong personal accident and health insurers

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Hong Kong:
- It provides historical values for the Hong Kong personal accident and health insurance segment for the report's 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
- It offers a detailed analysis of the key categories in the Hong Kong personal accident and health insurance segment, along with market forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for personal accident and health insurance products in Hong Kong.
- It profiles the top personal accident and health insurance companies in Hong Kong and outlines the key regulations affecting them.

Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Hong Kong personal accident and health insurance segment and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Hong Kong personal accident and health insurance segment.
- Assess the competitive dynamics in the personal accident and health insurance segment.
- Identify the 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
- 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

Spanning over 244 pages, 156 Tables and 162 Pages "Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2018" report Covering Key Facts and Events, Executive Summary, Introduction, Hong Kong Insurance Industry Attractiveness, Personal Accident and Health Insurance Segment Outlook, Analysis by Distribution Channel, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Appendix. This report Covered 10 Companies - Bupa (Asia) Ltd, Axa General Insurance Hong Kong Ltd, Axa China Region Insurance Company Ltd, Blue Cross (Asia-Pacific) Insurance Ltd, American International Assurance Company (Bermuda) Ltd, Prudential General Insurance Hong Kong Ltd, Bank of China Group Insurance Company Ltd, AIG Insurance Hong Kong Ltd, Liberty International Insurance Ltd, ACE Insurance Limited (Hong Kong).

Know more about this report at – http://www.marketresearchreports.com/timetric/personal-accident-and-health-insurance-hong-kong-key-trends-and-opportunities-2018

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