DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jvbxw9/reinsurance_in) has announced the addition of the "Reinsurance in Hong Kong, Key Trends and Opportunities to 2018" report to their offering.
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%.
Key Highlights
- The premium accepted by the Hong Kong reinsurance segment grew, at a review-period (2009-2013) compound annual growth rate (CAGR) of 19.3%.
- The reinsurance segment is one of the largest in the Asia-Pacific region, with its total written premium rising at a review-period CAGR of 17.5%, supported by the strong performance of Hong Kong's insurance segments
- The premium ceded by the life segment grew at a review-period CAGR of 21.3% in 2013.
- Hong Kong is rapidly becoming a regional hub for reinsurance in Asia-Pacific, with the segment depending heavily on offshore business and generating a large proportion of its business from overseas markets.
- The reinsurance segment is expected to be driven by favorable FDI policies and the growth of primary insurance segments.
- The premium accepted by the Hong Kong reinsurance segment is projected to record a forecast-period CAGR of 15.2%.
Key Topics Covered:
1 Key Facts and Events
2 Executive Summary
3 Introduction
4 Hong Kong Insurance Industry Attractiveness
5 Reinsurance Growth Dynamics and Challenges
6 Key Industry Drivers
7 Competitive Landscape and Strategic Insights
8 Appendix
Companies Mentioned
- Münchener Rückversicherungs - Gesellschaft
- Taiping Reinsurance Company Ltd
- Schweizerische Rückversicherungs-Gesellschaft AG (Swiss Re)
- Asia Capital Reinsurance Group Pte. Ltd
- BC Reinsurance Ltd
- SCOR Reinsurance Company (Asia) Ltd
- Toa Reinsurance Company, Ltd
- Transatlantic Reinsurance Company
- Hannover Rück SE
- Berkley Insurance Company
For more information visit http://www.researchandmarkets.com/research/jvbxw9/reinsurance_in
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