Strategic Market Intelligence: Insurance in HongKong

insurance.m3-w800-16-9GlobalData’s Strategic Market Intelligence reports provide key trends and opportunities to 2022, within the Insurance industries for key countries across the globe. Today’s set of reports provide a detailed outlook by product category on the Hong Kong Insurance Market.

Reports Info

Get a detailed outlook on the General insurance, Life insurance and Reinsurance segment of Hong Kong, including values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and net earned premium during the review period (2013-2017) and forecast period (2017-2022).
The reports analyze distribution channels operating in the segment, gives a comprehensive overview of the Hong Kong economy and demographics, and provides detailed information on the competitive landscape in the country.

Why should I buy these reports?

  • Make strategic business decisions using in-depth historic and forecast market data related to the Hong Kong insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Hong Kong General Insurance, Life insurance, and Reinsurance segment.
  • Assess the competitive dynamics in the General Insurance, Life insurance, and Reinsurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Hong Kong insurance industry, and their impact on companies and the industry’s future.

 

Strategic Market Intelligence: Insurance in HongKong

Report Information:
Single User License Price: $3999
Publisher: GlobalData
Report Format: electronic pdf

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Virtual and Augmented Reality in Aerospace and Defense

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Over the next five years, VR/AR apps will transform numerous industries from e-commerce to social media to publishing to manufacturing design, increasing productivity and creating new ways of working, playing, and shopping. AR is likely to revolutionize specific vertical industries within the enterprise market in the near future, while VR depends on the apps in development.

Engineers and technicians can benefit from VR rooms to simulate systems and platforms designs before starting to fabricate the first piece of hardware. Military personnel’s are already using VR for trainings and are now exploring the potential of AR glasses for intelligence and information communication on the battlefield.

The report covers –

  • Top themes, its predictions and identifies winners and losers.
  • Our thematic investment research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world as well as institutional investors.
  • Corporations: Helps CEOs in all industries understand the disruptive threats to their competitive landscape.
  • Investors: Helps fund managers focus their time on the most interesting investment opportunities in global Aerospace & Defense.
  • Our unique differentiator, compared to all our rival thematic research houses, is that our thematic engine has a proven track record of predicting winners and losers.

 

Virtual and Augmented Reality in Aerospace and Defense

Report Information:
Single User License Price: $1950
Published: February 2019
Publisher: GlobalData
Report Format: electronic pdf

 

New Tourism Source Market Insight Report on Spain

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Spanish Outbound Tourism set to be Worth US$64bn By 2021

Spanish outbound tourism is expected to grow from US$47.9bn in 2019 to US$64bn in 2021, expanding at a compound annual growth rate (CAGR) of 15.6%, according to GlobalData.

GlobalData’s latest report; ‘Tourism Source Market Insight: Spain – Analysis of tourist profiles & flows, spending patterns, destination markets, risks and future opportunities’, reveals that Spain’s economy has been growing for 17 consecutive quarters. As a result of this, Spanish tourists will have an increase in disposable income to travel abroad, reflected by GlobalData’s high growth forecast.

Ralph Hollister, Travel and Tourism Associate Analyst at GlobalData, commented, “After major reforms in the Spanish economy earlier this decade, Spain has well exceeded its pre crises level of gross domestic product in 2008. The combination of a decrease in unemployment rate, increase in pay and the rise of low-cost carriers (LCC’s) means outbound travel is now financially possible for a much higher percentage of the Spanish population.”

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GlobalData forecasts that Spanish outbound spending will start to increase at a higher rate on sightseeing and entertainment activities. The country’s financial situation going from strength to strength enables Spanish tourists to spend more money on ‘add-on’ activities such as these. 

Hollister continues, “Spanish tourists have travelled domestically for years, to regions such as Andalusia for sun and beach holidays due to financial restrictions and a lack of desire for new experiences. Now, due to social media and the millennial market segment becoming more prevalent, Spanish tourists are visiting cities all over Europe in search for different cultural experiences through entertainment and sightseeing activities.”

Whilst outbound tourism expenditure is expected to grow continuously for years to come, domestic overnight stays are expected to slow down in 2021. This forecast may be as a result of usual domestic tourists now utilising LCC’s to travel internationally.

Hollister adds, “New Spanish LCC’s such as Vueling are making destinations such as Latin America more attractive with new routes. The stereotypical cost conscious Spanish tourist who needs affordability and accessibility will be attracted to these airlines who can offer them value for money and a direct route to long-haul destinations.”

Report Information:
Single User License Price: $1495
Published: March 2019
Publisher: GlobalData
Report Format: electronic pdf

New Report on Colorectal Cancer Screening Tests – In Vitro Diagnostics Market

As National Colorectal Cancer Awareness Month Draws Attention to the Disease, Colorectal Cancer Screening Tests Market Expected to Surpass $2bn by 2028

March is observed as National Colorectal Cancer (CRC) Awareness Month, a time aimed at raising disease awareness and preventing future incident cases, primarily by encouraging individuals to participate in CRC screening programs.

Alison Casey, Medical Devices analysts at GlobalData, commented, “Aging populations and increasing disease awareness mean that CRC screening has become a priority for many countries. A greater number of eligible inhabitants (typically individuals aged 50 – 75 years) coupled with the implementation of numerous national screening campaigns, means that this in vitro diagnostics (IVD) market is expected to grow across all regions over the next 10 years.” 

GlobalData’s latest report: ‘Colorectal Cancer Screening Tests – In Vitro Diagnostics Market Analysis and Forecast Model’, reveals that, worldwide, over 155m IVD tests for CRC screening are sold each year. This annual figure is expected to reach 182.40m by 2028, growing at a compound annual growth rate (CAGR) of 1.62%. The global market value for IVD tests for CRC screening, currently estimated at $771.25m, is expected to increase even more strongly than test volumes to reach $2bn, a CAGR of 10.0% by 2028.

Casey continued,The IVD tests market value is being driven by the release of new more expensive devices, such as fecal DNA testing kits and blood-based assays for CRC screening as well as a switch occurring in many countries in device usage from gFOBT to FIT testing kits.”

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Casey added, “Increases in the number of asymptomatic, average-risk individuals being screened are expected to be driven by a number of factors, including aging populations, rising disease awareness, and the implementation of new, national CRC screening programs.

 

Report Information:
Publisher: GlobalData
Report Format: electronic pdf

New Report on the Global Zinc Mining Market

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Global Zinc Production to Reach 15.7Mt in 2022 to Meet Rising Demand

Global Zinc Production is expected to grow at a compound annual growth rate (CAGR) of 3.8% between 2019 and 2022, to reach 15.7Mt in 2022, according to GlobalData.

The company’s latest report: ‘Global Zinc Mining to 2022’ states that growth will be supported by production expansions and new mines commencing operations across China, Canada, India, Kazakhstan and Mexico.

Vinneth Bajaj, Senior Mining Analyst at GlobalData, comments: “After declining substantially in 2016, global zinc mine production increased in both 2017 and 2018, reaching 13.2Mt and 13.4Mt respectively. However, the market has remained in a severe deficit, impacted by several mine closures and production cuts over price concerns.”

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In 2018 the global production of zinc rose, supported by a 9.9% increase in production from Australia, with an increase in output from MMG’s Dugald River project, the commissioning of Century Resource’s New Century mine and the Hellyer Tailings project in Australia. This was supplemented by an 8.5% increase in production from Peru, 7.9% from India, and 5.9% from the US. However, output was still 1.1Mt short of global demand, which reached 14.5Mt due to increasing demand from China, Germany, the US and Belgium. Production from China, the world’s largest producer of zinc, is estimated to have declined, albeit marginally, by 1%, owing to environmental restrictions.

Bajaj adds:Looking ahead, there are almost 100 zinc projects expected to commence operations between 2019 and 2022, of which around 24 are currently under construction, while the remainder are under various stages of development. Of these projects, around 15 are located in Australia, 11 in Canada, eight in Mexico, six in Peru, five in the US and four each in Kazakhstan, Russia, and China.”

Report Information:
Single User License Price: $2495
Publisher: GlobalData
Report Format: electronic pdf

New Report on Payments Landscape in Russia

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Domestic Scheme Mir Disrupting Russian Payment Card Market

Russian Payment Card Market evolved at a rapid pace during 2014-18, with the country’s consumers enthusiastically embracing new technologies and increasingly favoring card-based payments for low-value transactions. The introduction of National Payment Scheme ‘Mir’ also provided a much-needed push to overall payment card market growth, says GlobalData.

GlobalData’s latest report, Payments Landscape in Russia: Opportunities and Risks to 2022 states that while international scheme providers Mastercard and Visa continue to dominate the Russian card market, they have experienced a dip in their cumulative market share owing to rising adoption of Mir Cards.

Mir was launched in December 2015 by the Central Bank of Russia.  There were over 40 million Mir debit cards and 1.3 million credit cards in circulation in 2018, issued by over 140 banks. To increase acceptance in international markets, these cards are co-badged with international schemes.

This growth in Mir card adoption has been supported by concentrated government efforts, large-scale card issuance by banks and widespread merchant acceptance. The introduction of benefits in the form of reward programs and cashback will further drive usage among card holders.

Shivani Gupta, Payments Analyst at GlobalData, explains: “Mir payment cards are increasingly preferred by Russian merchants due to their comparatively low acceptance cost. An interchange fee of 0.8% on debit cards and 1.3% on credit cards is charged – which is much lower than Mastercard’s 1.50% on debit cards and 1.55% on credit cards.”

Meanwhile, a federal law – mandating that all public sector employees migrate to Mir cards by July 2018 in order to receive their government welfare benefits into their linked bank accounts – further accelerated its adoption.

Gupta concludes: “The growing adoption of Mir is now posing significant challenges to the international players, thereby disrupting the overall Russia payment card space – especially the debit card market.”

Report Information:
Single User License Price: $2750
Publisher: GlobalData
Report Format: electronic pdf

Global Risk Report Quarterly Update: Q4 2018

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Momentum of economic growth achieved in 2017 reduced in 2018, due to slower growth rate in major Asian and European economies. The growth is expected to slow down further in 2019 as investments weaken and trade activities subside.

Key Highlights from the report –

  • Asia-Pacific region has the second lowest regional risk after Europe. India, Malaysia and Pakistan registered improvements in their risk score whereas overall risk in Bhutan, Kyrgyzstan and Nepal increased in Q4 2018 over the last update (Q2 2018).
  • Europe is the lowest risk region in the world. The risk score of the European region witnessed a marginal increase in Q4 2018 on the back of increasing political and economic tensions such as uncertain Brexit, looming economic crisis in Italy, among others. There has been an improvement in the rankings of Romania, Serbia and Iceland whereas overall risk increased in Slovakia, Bosnia and Belarus in MLCRI Q4 2018 update.
  • The risk score of the Americas also increased in Q4 2018 over the previous update in Q2 2018 as a result of vulnerability of Latin American countries such as Venezuela and Argentina. The 35 day government shutdown from December 2018 to January 2019 has caused severe damage to the US economy. Jamaica, Panama, Trinidad and Tobago recorded an improvement in the ranking whereas overall risk in Colombia and Uruguay increased in Q4 2018
  • The Middle Eastern and African regions also recorded a rise in the risk score in Q4 2018 on the back of heightened geopolitical risks due to scandals regarding Saudi Arabia, sanctions on Iran and a weak economic performance in the region. There has been an improvement in the rankings of Egypt, Algeria and Kuwait whereas overall risk increased in Lebanon, Tanzania and Rwanda in MLCRI Q4 2018 update.

 

Global Risk Report Quarterly Update: Q4 2018

Report Information:
Single User License Price: $1100
Published: Feb 2018
Publisher: MarketLine
Report Format: electronic pdf