Noida, India (PressExposure) November 04, 2009 -- As per our market research report âHong Kong Insurance Market to 2013â, Hong Kong has joined the worldâs leading nations that have witnessed outstanding growth in their insurance markets and provided new avenues of investments for both existing and new players. Its geographic location, credible legal system and effective regulatory framework have helped it to become a leading insurance centre in Asia that has attracted many of the worldâs top insurers.
Despite taking a strong hit from the global financial crisis, the insurance market is set to observe strong growth in coming years. The gross insurance premiums are expected to grow at a CAGR of close to 12% during 2009-2013. Life insurance products will contribute majority of insurance premiums in the country.
The report is an outcome of extensive research and in-depth analysis of Hong Kong insurance market. It analyzes all the important insurance industry aspects life and non-life in detail and gives unbiased view on each of them. Life & Annuity, Retirement Scheme, Accident & Health, General Liability, property and Motor insurance are few examples of them.
In addition, the report throws light on all the key driving forces, opportunities and critical issues which need to be addressed by both the government and industry, in detail. Most importantly, the report features forecasts for each of the important industry aspects considering the possible impact of global financial crisis on the insurance industry. The forecast is based on interrelation of past growth trends and current market drivers.
Moreover, âHong Kong Insurance Market to 2013â enlists the number of insurance players authorized to conduct insurance business by their class of businesses life & annuity, marriage & birth, linked long-term, permanent death, retirement schemes, accidents and sickness etc. It also discusses their distribution channels like agents, brokers etc. and related statistics.
The report lists top ten insurance players with their annual insurance premiums. Therefore, It answers all the possible queries of clients and comes with complete solutions for clients willing to bring fresh investments or to expand in the Hong Kong insurance market.
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