Guangdong-Hong Kong-Macao Greater Bay Area Opportunities for insurers, but challenges to navigate
New developments give potential for Hong Kong insurers, although various challenges will need to be overcome.
In October 2020, Milliman released its second Critical Illness (CI) Survey report. This report represents 38 carriers and $1.8 billion in inforce premium. The survey explores numerous facets of the CI market, including sales and inforce, product profile, product features, offerings, target metrics, commissions and technology fees, enrollment and portability, underwriting, claims and billing, risks, competitors, and popular benefits. Additionally, we segment data, where appropriate, by group, worksite individual, and non-worksite individual. We then synthesize this data to provide an in-depth analysis of key market trends with insights from our consultants. For more information, please contact David Bahlinger in our Tampa, Florida, office.