1、Hong Kong General Insurance Market Analysis 2022Taiping Reinsurance Co.,Ltd.May 2023PREFACEForewordHong Kong General Insurance Market Analysis to 2022To ensure the most relevant and up-to-date information is available to our clients,Taiping Reinsurance Co.,Ltd.(“TPRe”)has completed the Hong Kong Gen

2、eralInsurance Market Analysis 2022(“the report”)with fresh information released by HongKong Insurance Authority(“HKIA”).ScopeThe report offers a uniquely detailed and comprehensive insight into Hong Kongsgeneral insurance industry,combining the legislative and regulatory requirements,insurance marke

3、t developments,and insurance market statistics of Hong Kong.Data The report is based on information disclosed by HKIA in 2012-2022.For breakdowns ofthe markets key lines of business and the latest year 2022,quarterly release ofprovisional statistics for general business is used.For the rest analysis

4、,annual generalbusiness statistics are used.ContactWe hope you are inspired.For more information,please contact us.1ABSTRACTKey Insights1.As a mature insurance market,Hong Kong has a high ranking on insurance density andpenetration in the world.2.Total gross written premiums grew modestly during the

5、 past ten years.3.Hong Kong insurance market is currently dominated by foreign players,where largeinternational insurance groups tend to set up regional headquarters.4.HKIA continues its efforts to implement the Risk-based Capital(“RBC”)regime,whichwill align Hong Kongs regulatory regime with intern

6、ational standards.5.Hong Kong market has a wide range of global asset classes,which enables insurers tooptimize their investment strategies and create a dynamic asset portfolio.Overview2Performance1.Market size maintained stable with a growing pace slowed down in recent years.2.The competitive lands