Non-Life Insurance in Hong Kong

December 2025 | 40 pages | ID: N5FBFC364618EN
MarketLine

Abstracts

Summary

Non-Life Insurance in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
• The Hong Kongese non-life insurance market recorded gross written premiums of $8.6 billion in 2024, representing a compound annual growth rate (CAGR) of 5.4% between 2019 and 2024.
• The liability segment accounted for the market's largest proportion in 2024, with total gross written premiums of $1.9 billion, equivalent to 22.1% of the market's overall value.
• In 2024, Hong Kong accounted for 1.7% of the Asia-Pacific non-life insurance market.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Hong Kong
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Hong Kong
• Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong non-life insurance market with five year forecasts

Reasons to Buy

• What was the size of the Hong Kong non-life insurance market by value in 2024?
• What will be the size of the Hong Kong non-life insurance market in 2029?
• What factors are affecting the strength of competition in the Hong Kong non-life insurance market?
• How has the market performed over the last five years?
• What are the main segments that make up Hong Kong's non-life insurance market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the strengths of the leading players?

8 COMPANY PROFILES

8.1. The People's Insurance Company (Group) of China Ltd
8.2. Ping An Insurance (Group) Company of China Ltd
8.3. China Pacific Insurance (Group) Co Ltd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Hong Kong non-life insurance market value: $ billion, 2019-24
Table 2: Hong Kong non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Hong Kong non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Hong Kong non-life insurance market geography segmentation: $ billion, 2024
Table 5: Hong Kong non-life insurance market value forecast: $ billion, 2024-29
Table 6: The People's Insurance Company (Group) of China Ltd: Key Facts
Table 7: The People's Insurance Company (Group) of China Ltd: Annual Financial Ratios
Table 8: The People's Insurance Company (Group) of China Ltd: Key Employees
Table 9: Ping An Insurance (Group) Company of China Ltd: Key Facts
Table 10: Ping An Insurance (Group) Company of China Ltd: Annual Financial Ratios
Table 11: Ping An Insurance (Group) Company of China Ltd: Key Employees
Table 12: China Pacific Insurance (Group) Co Ltd: Key Facts
Table 13: China Pacific Insurance (Group) Co Ltd: Annual Financial Ratios
Table 14: China Pacific Insurance (Group) Co Ltd: Key Employees
Table 15: Hong Kong Size of Population (Million), 2020-24
Table 16: Hong Kong Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: Hong Kong GDP (Current Prices, $ Billion), 2020-24
Table 18: Hong Kong Inflation, 2020-24
Table 19: Hong Kong Consumer Price Index (Absolute), 2020-24
Table 20: Hong Kong Exchange Rate, 2019-24

List Of Figures

LIST OF FIGURES

Figure 1: Hong Kong non-life insurance market value: $ billion, 2019-24
Figure 2: Hong Kong non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Hong Kong non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Hong Kong non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Hong Kong, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Hong Kong, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Hong Kong, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Hong Kong, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Hong Kong, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Hong Kong, 2024