Hong Kong Reinsurance Market Research Report and Market Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit In Hong Kong, there is no implied duty to obtain the consent of reinsurers before the cedant settles the claims. Although, most of the contracts are explicit about the claims cooperation and claims control clauses. These clauses state that the insurer needs to notify the reinsurer of a claim under the underlying insurance and cooperate with the reinsurer to settle the claims. Sometimes these clauses also require the insurer to obtain reinsurer’s prior consent before settling the claim. In a reinsurance contract, it is the usual norm to include ‘follow the settlements’ clause which obliges reinsurers to follow any settlement reached by the insurer with the insured. This is legally binding as per the Hong Kong’s Court of Appeal. According to the study Strategic Market Intelligence: Reinsurance in Hong Kong-2017 gives a comprehensive analysis of the Hong Kong reinsurance market in the review period of 2012-2016 and also on forecast period of 2016-2021. The report offers a detailed analysis of various segments of the Hong Kong reinsurance market and compares it with its counterparts. The report provides analysis on various distribution channels, risk governance and its impact on general insurance in the country. This report will help in making strategic decisions based on forecasted data and helps in identifying competitive dynamics in the general insurance market. The key competitors in the reinsurance market segment of the country are Taiping Reinsurance Company Ltd, Swiss Reinsurance Company Ltd, Peak Reinsurance Company Ltd, and Asia Capital Reinsurance Group Pte. Ltd, Hannover Ruck SE, Munich Reinsurance Company, BC Reinsurance Ltd, SCOR Reinsurance Company (Asia) Ltd, Toa Reinsurance Company, Ltd, and BE Reinsurance Ltd. The products analyzed in the report are Reinsurance, Economy and Demographics, Premium Ceded, Premium Retained, Cession Rates, Distribution channels, Reinsurance brokers, Competitive Landscape, Legislation, Compulsory insurance, Supervision and control, and Non-admitted insurance. Recently in the news, China has agreed to provide preferential treatment to Hong Kong reinsurers. This comes under the Equivalence Assessment Framework Agreement on the Solvency Regulatory Regime between the Mainland and Hong Kong. As per this deal, if the mainland insurers cede businesses to qualify Hong Kong reinsurers, they will be applied only lower capital charges. This will thus encourage mainlanders to give priority to Hong Kong reinsurers. The new Belt and Road initiative (BRI) will give in more scope for both insurers and reinsurers, due to the different risks faced by businesses on overseas assets under this initiative. To know more, click on the link below:- https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-hong-kong/156712-93.html Related Reports:- https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-argentina-key/171414-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-thailand-key/171406-93.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Hong Kong Reinsurance Industry Research Report, Hong Kong Reinsurance Market Analysis, Hong Kong Reinsurance Market Forecast, Hong Kong Reinsurance Market Future, Hong Kong Reinsurance Market Growth Size, Hong Kong Reinsurance Market Major Players, Hong Kong Reinsurance Market Outlook, Hong Kong Reinsurance Market Research Report, Hong Kong Reinsurance Market Segmentation, Reinsurance Industry in Hong Kong, Reinsurance Market in Hong Kong, 香港再保险市场, 香港再保险业, 香港再保险市场分析 香港再保险市场展望 香港再保险市场研究报告 香港再保险业研究报告 香港再保险市场增长规模, 香港再保险市场未来, 香港再保险市场细分, 香港再保险市场预测, 香港再保险市场主要参与者