Insurance industry in Hong Kong to reach USD 120.98 billion by 2025

reogma|Insurance industry in Hong Kong to reach USD 120.98 billion by 2025

The Insurance Industry Market size was valued at USD 73.75 billion in 2019 and is estimated to reach USD 80.09 billion by the year 2020.

It is expected to grow at the CAGR of  8.6% within the time horizon of 2020-2025. It will reach USD 120.98 billion by the year 2025.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Competitive Landscape
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

Insurance is the contract between insured person and insurance company as a means of protection from the financial loss and a form of risk management.

Basically, the insurance company provides the insurance policy to the interested customers to bear their financial losses through the investment of the pre-paid premium form the insured persons.

Insurance schemes can be classified into long-term business such as life and annuity and general business such as accident and sickness.

In the context of Hong Kong, there are 162 authorized insurers in which 92 are pure general insurers, 50 are pure long-term insurers and the remaining 20 insurers are composite ones.

The life and health insurers sell the life and health insurance products, annuities, mutual funds, pension plans, and other related financial products.

Property and casualty insurers sell the property and casualty insurance lines, which includes marine, surety and fidelity bonds and other coverages.

On the basis of the type of business, distribution pattern and premium payment system, the insurance industry can be categorized into the following segments:

reogma|Insurance industry in Hong Kong to reach USD 120.98 billion by 2025


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The Insurance Industry Market size was valued at USD 73.75 billion in 2019 and is estimated to reach USD 80.09 billion by the year 2020. It is expected to grow at the CAGR of  8.6% within the time horizon of 2020-2025. It will reach USD 120.98 billion by the year […]
reogma|Insurance industry in Hong Kong to reach USD 120.98 billion by 2025reogma|Insurance industry in Hong Kong to reach USD 120.98 billion by 2025

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