Boston, MA -- (SBWIRE) -- 03/21/2013 -- Macau is one of the two special administrative regions of the People's Republic of China. The region's economy is predominantly dependent on tourism, gambling and the manufacturing sector. However, the contribution of the financial services sector, including the insurance industry, is gradually increasing. The value of the Macau insurance industry grew during the review period (2007-2011), with life insurance being the largest segment. The growth of the insurance industry is being driven by expanding casino-related infrastructure development projects and a favorable regulatory framework, including a wide range of compulsory insurance categories such as motor third-party liability and various professional liability insurance categories. Macau has the second highest life expectancy in the world, which also contributed to the overall growth of the insurance industry during the review period. These factors are expected to remain important over the forecast period (2011-2016), which is likely to continue to witness insurance industry growth.

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Key Highlights

- Macau is one of the two special administrative regions of the People's Republic of China.
- The region's economy is predominantly dependent on tourism, gambling and the manufacturing sector.
- However, the contribution of the financial services sector, including the insurance industry, is gradually increasing.
- The value of the Macau insurance industry grew during the review period (2007-2011), with life insurance being the largest segment.
- The growth of the insurance industry is being driven by expanding casino-related infrastructure development projects and a favorable regulatory framework, including a wide range of compulsory insurance categories such as motor third-party liability and various professional liability insurance categories.
- Macau has the second highest life expectancy in the world, which also contributed to the overall growth of the insurance industry during the review period. These factors are expected to remain important over the forecast period (2011-2016), which is likely to continue to witness insurance industry growth.

Scope

This report provides a comprehensive analysis of the insurance industry in Macau:

- It provides historical values for the Macau insurance industry for the report's 2007-2011 review period and forecast figures for the 2011-2016 forecast period
- It offers a detailed analysis of the key segments and categories in the Macau insurance industry, along with industry forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Macau and outlines the key regulations affecting them

Reasons to Get This Report

Companies Mentioned in this Report: American International Assurance Co. (B) Ltd, China Life Insurance (Overseas) Company Limited, Macau Life Insurance Company Limited, Manulife (International) Limited

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