Trinidad & Tobago

Life Report

Product Insurance Market Reports Life Rev Trinidad And Tobago

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Hong Kong's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in 7's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Hong Kong

The Hong Kong life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Hong Kong.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Hong Kong and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Hong Kong’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Hong Kong is available.

Axco’s report describes the regulatory framework that applies to the Hong Kong domestic life insurance sector, including whether non-admitted insurance is permitted in Hong Kong; as well as the legislation necessary to know regarding Hong Kong’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Hong Kong with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Hong Kong market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Hong Kong, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Hong Kong pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Hong Kong report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Hong Kong Life and Benefits Report Extract

Below are brief extracts of information from the Hong Kong Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Hong Kong is a special administrative region (SAR) of the People's Republic of China. Under the "one country, two systems" model, the territory has its own insurance regulatory system and has largely preserved its heritage of legal and economic freedoms.

Hong Kong has an outsize life insurance sector which generated premiums of HKD 511.45bn (USD 65.60bn) in 2019. These were equivalent to 17.9% of GDP. This high penetration results from a complex of reasons, including financial conservatism, the distributive power of ....


Hong Kong has a long tradition of voluntary company pensions which are regulated by the Occupational Retirement Schemes Ordinance and are therefore known as ORSO pensions. These were supplemented on 1 December 2000 by the introduction of compulsory individual pensions known as mandatory provident funds (MPF) ....


In 2019 private medical insurance (PMI) generated total premiums of HKD 26.99bn (USD 3.46bn), of which HKD 14.09bn (USD 1.81bn) were accounted in the non-life statistics and HKD 12.90bn (USD 1.65bn) in the life. Stand-alone health is classified as short-term and should therefore be written by non-life or composite insurers. Life insurers may write health on a rider basis but may also write the class on a stand-alone basis, provided the policy contains a compassionate death benefit. Group policies are written by both life and ....

Back to Report Store

You may also be interested in these reports...


Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch