China Take Majority Share in Caustic Soda Production in Asia Pacific: Ken Research

Sodium hydroxide, caustic, and lye are also known as Caustic soda. The chemical formula of caustic soda is NaOH when in anhydrous form (100%, solid). It has a molecular weight of 40.00 and is a strong base and is used in almost all kinds of chemical production.

China is one of the major manufacturing regions with 45% of the production market share in the year 2016. China and America are the major consumers of caustic soda and consume nearly 60% of the market share. There was an average growth in the production of caustic soda from the year 2011 to 2016. The global leading manufacturers of caustic soda are Dow Chemical, OxyChem, Axiall, Olin Corporation, Formosa Plastics Corporation and Tosoh. However, there are many more manufacturers of caustic soda all over the world such as EU, North America, China, Japan, India, and others. The market segments purely depend on the production, consumption, revenue, and market share and growth rate of caustic soda. The caustic soda product types are Liquid Caustic Soda, Solid Caustic Soda, Caustic Soda Flake and Caustic Soda Particle. The consumption market is again divided into Pulp and Paper, Textiles, Soap and Detergents, Bleach Manufacturing, Petroleum Products, Aluminum Production and Chemical Processing.

Over 40% of caustic soda is used in end-use industries. Caustic soda has increasing demand in pulp, paper and textile industry is expected to encourage the market growth over the coming years. Caustic soda readily reacts with various substances including zinc and aluminium and is a strong alkali compound. It is also used in metallurgical applications. Moreover, consumption of caustic soda in alumina extraction is further expected for the growth of the market.

The organic segment and textile industry are estimated to be the fastest growing and largest consumer of caustic soda. The organic sector is expected to lose some market shares mainly to textiles by 2024. The textile industry is expected to generate enormous revenue by 2024. Caustic soda is used to remove waxes and oils from the fiber, making the fiber easy to bleaching, dying, etc and also used in manufacturing manmade fibers. Caustic soda treatment enables greater tensile strength and lustre to the fabric.

According to research report, “2012-2023 Report on Global Caustic Soda Market Competition, Status and Forecast, Market Size by Players, Regions, Type, Application” The caustic soda market will witness a steady growth in water treatment, soap & detergents and the demand for cleaning applications in the coming years. In Europe, caustic soda is an important reactant for the production of various organic chemicals and over 25% is consumed. There is a great challenge for market growth of caustic soda and a dangerous environmental impact is expected due to high corrosive and reactive nature of caustic soda.

There is high manufacturing cost involved in caustic soda production and is an energy intensive process. Rise in manufacturing cost, price fluctuation may pose a challenge to the market growth. Asia Pacific is expected to acquire for over 55% market share by 2024 with the increasing production and increase in demand for caustic soda in the Chinese market will be due to the upcoming industries. A steady growth will be observed in North America and will grow at CAGR of 3.2% from 2015 to 2024.

Also the increasing R&D activities towards development of new products using caustic soda and new production processes are expected to provide new opportunities to the competitors. Therefore, there will be a drastic growth over the coming years in the caustic soda market.

Key Topics Covered in the Report:

Global Caustic Soda Market Research

Global Caustic Soda Consumption Analysis

Global Caustic Soda Market Future Outlook

Global Caustic Soda Competition

Asia Pacific Caustic Soda Market Research

Europe Caustic Soda Market Research

North America Caustic Soda Market Research

Middle East Caustic Soda Market Research

Global Caustic Soda Market Analysis

Global Caustic Soda Production Output

Global Caustic Soda Import Export

China Caustic Soda Market Research

To know more click on the link below

https://www.kenresearch.com/food-beverage-and-tobacco/general-food/report-global-caustic-soda-market-competition/111120-11.html

Related reports

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/top-countries-caustic-soda-packaging-2017/104506-101.html

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/top-countries-caustic-soda-2017/104505-101.html

Contact:              

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Flavored Hookah Creating Demand among Youth Worldwide: Ken Research

A hookah is a single and multi-stemmed instrument with a smoke chamber and a hose for smoking flavored tobacco. Generally, as long as eighty percent of sales are derived from tobacco in which hookah also have a major part. The hookah bar industry is high fragmented with most bars being independently established.

According to Ken Research, a market research firm, the market for hookah bars in the United States and other countries has grown significantly in the past decade. As of October 2008, there were a large increase hookah bars in the US and an average of five new hookah bars were opening every month. From these numbers, it can be accessed that millions of current hookah smokers live in the United States. Of these hookah smokers, Middle Eastern origin and the remaining groups are of American origin but have grown to grasp hookah culture.

In Middle East the culture and traditional elements provide a connection to hookah. As there are many Muslims who do not drink alcohol, they do not feel estrange in hookah bars, which they sometimes do in bars which focus on liquor. They accelerate being able to meet other Middle Eastern Americans at hookah bars for friendship as well as dating. WhileTrendy town a small market segment, they use hookah bars more frequently than other groups.

According to research report, “Global (Europe, Asia Pacific and Middle East) Hookah Market 2017 Forecast To 2022”, hookah bars provide such an experience because of their exotic ambiance, colorful and joyful atmosphere which focus on group dynamics and the element of risk. Today Hookah has seen gargantuan transformation, with lots of new features added as it is very handy and mobile in nature and its popularity has spread from Eastern Europe and the Mediterranean to all corners of the world. Traditionally hookah contains cigarette tobacco which contains nicotine, tar, carbon monoxide and heavy metals, such as arsenic and lead. And its result are at risk of the same kinds of diseases as cigarette smokers such as- heart disease, cancer, respiratory disease, problems during pregnancy and other health issues.

The global medical industry is going to experience astronomical growth in future with the compartmentalize development and investment opportunities for companies looking out to enter in the industry or to expand within. Healthcare industry is one of the largest sectors in the country in terms of employment as well as revenue.

Hookah bar customers in the United States judge between establishments based on location, the variety of flavors served the atmosphere, and the additional food and drink options served.

There is a large variety of competitors in hookah bar as well. Specific competitors for Arz al-Lubnan Hookah Bar include Ali Baba Hookah Bar, Babylon Hookah Lounge, Desert Cafe, and Zee's Smoking Corner.

Key Topics Covered in the Report:

Global Hookah Market Research

Global Hookah Market Analysis

Global Tobacco Market Research

Global Hookah Bar Market

Asia Pacific Hookah Market

US Hookah Market Analysis

Middle East Hookah Market

Europe Hookah Market Consumption Analysis

Global Hookah Bar Market Future Outlook

Global Hookah Consumption Analysis

Global Flavored Hookah Market

To know more, click on the link below

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/global-europe-asia-pacific-middle-east-hookah-market/111123-11.html

Related Reports

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/top-trends-tobacco-anti-smoking-aids/111297-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/tobacco-products/smokeless-tobacco-canada-2017/111306-11.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Rising Volumes of Online Payment and Surging Digital Penetration and Online Business Model underscores the Compelling Opportunities in Cyber Security Market in Brazil: Ken Research

Hosting of FIFA world cup 2014 and World Olympics 2016, coupled with increasing number of Cyber Threats & government initiatives were the key factors driving the size of the Cyber Security Industry in the Country.

The Brazilian economy is the largest economy in Latin America and the world’s 6th largest economy. The country has one of the fastest growing internet users in the world. Cyber security and online fraud are major concerns, with annual losses reaching billions of dollars. Brazil is undergoing a digital revolution by shifting from offline channels to online channels. Adoption of social media and digital penetration has amplified exponentially over the past years. During this period, Brazil witnessed a tenfold increase in Internet access and smart phone subscriptions. The emergence of an enlarged and highly connected middle class is shaping Brazil’s cyber industry. Improved access to new information technologies has given rise to a wide array of social, political and economic forms of empowerment in Brazil.

Cyber crime is the top economic crime in the country. According to a research conducted by the IBM, the number of cyber attacks within the country grew by 197% in 2014, and online banking fraud spiked by 40% from last year. The major reason for rising risk of cyber threats in the country is lack of awareness about cyber scams and cyber securities among the population. Brazil has hosted the FIFA world cup in 2014 and Summer Olympic Games in 2016 resulting in the increasing number of foreign tourists in the country.McAfee Antivirus Market Share,Latin America Cyber Security Market,Cybercrime in Brazil,  In order to prevent cybercriminals and international scams that can take advantage of the influx of tourists increased consumerism and Brazil's expanded ICT infrastructure offering more mobile data access, the military has imposed various rules & regulations and also has implemented the cyber security solutions to prevent the scams. There are thousands of attempts to attack information & communication technology systems in Brazil in day to day life. Rising cyber crime problems in the country is the key driver for the growth in the cyber security industry.
The antivirus & antimalware market has increased at a robust rate in past few years. The country comes among the top 10 market for the softwares in the world. The top level treats in the country are cyber theft and financial attacks against individuals, followed by corporates and other government and non-government entities. Cybercriminals in the country take advantages of popular sports and championships attributing to the rising demand for Antimalware and antivirus softwares in the country. Majority of the revenues of the antivirus and malware market comes from enterprises followed by residential sector.
The cyber security market in Brazil is highly fragmented with the presence of number of small & large players. The market is dominated by the cyber security giants such as Symantec Corporation, Avast, McAfee, Kaspersky lab, CA technologies, Trustwave and others.McAfee Antivirus Market Share,Latin America Cyber Security Market,Cybercrime in Brazil.
The report titled “Brazil Cyber Security Market Outlook to 2021- Rising Smart phone Penetration & Increasing Online Banking Transactions to Augment Demand for Security” by Ken Research suggested a CAGR growth of 5.9% in revenue in Cyber Security market in Brazil region in the next 5 years till 2021.
To know more about the publication, click on the link below-
https://www.kenresearch.com/defense-and-security/security-devices/brazil-cyber-security-market-report/111464-16.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Vietnamese surge for economic development through export led growth in coffee: Ken Research

Coffee is a major source of extravagant caffeine addiction, all around the globe. Its resounding aroma, bitter taste and enigmatic appeal drive generations to the lushes of Vietnamese green coffee fields. Coffee production could be counted as one of the initial commercially viable production unit of this once known French colony. However, the output volume of coffee was small in Vietnam before 1975. The French did the wonderful task of introducing coffee in this country because of the optimal climatic conditions that foster rich coffee cultivation. Like in most colonial jurisdictions, coffee came up as a product of plantation system long back in 1857. Having faced major setback during the Vietnamese war, the industry took off like a bullet soon as its economy broke the shekels and started its surge towards development. The first plant that was set up was Coronel Coffee Plant with a production capacity of 80 tons per year. In the after math of the victory of the North Vietnamese, the plantation system got converted into the form of collectivised agriculture and thus resulted into lower produce thereafter. Beyond 1986, with industrialisation, commercialisation and globalisation private enterprises came up. The balanced coordination and cooperation among the producers, government and consumers made this product a major export unit all over the world.

During 1975 to 2010, the planting area of coffee beans increased from 134,000 hectares to 513,000 hectares, up with more than 30 folds. For many years, Germany is the largest export destination of Vietnamese coffee beans. The coffee trees planted in Vietnam are mainly Robusta and Arabica coffee. Southern Vietnam is humid and hot, suitable for growing Robusta whereas the northern part is suitable for Arabica. In 2014, total coffee cultivation area in Vietnam was 653,000 hectare, increasing by 2.7% YOY. This was 30 times the area in 1961. Export value of coffee beans accounts for around 15% to 20% of the total export of agricultural products in Vietnam. Commercial coffee production provides jobs for over 500,000 farmers with income growth.

Presently, Vietnam forms strong production capacity of coffee bean rough processing and deep processing. The designed rough processing capacity is 1.5 million tons/year, coffee bean baking and coffee powder processing capacity is 52,000 tons/year and instant coffee production capacity is 36,500 tons/year. Recent policy amendments in 2010, carried out by the Minister of Agriculture and Rural Development. The planning has been done in such a way that Vietnamese economy would follow export led growth in coffee. The strategies provide a firm hand with high sustainable, superior quality, healthy competition for national food security and to achieve higher growth trajectory. A new methodology involving cooperatives, strategic groups, privately owned cultivators and civil society organizations in accordance with government have been mushrooming since 2011. 

The proportion of baking and instant coffee deep processing with high benefit is growing. Vinacafe, Trung Nguyen, An Thai, Me Trang and Phuong Vy are famous coffee brands recognized by consumers. Meanwhile, coffee processing devices and facilities made in Vietnam are sold to the domestic and foreign markets. Vietnamese coffee is popular in the world. The export volume and value present a fast growing trend. During 1991-1995, the annual export volume of Vietnamese coffee beans was only 142,000 tons, with the annual export value of only USD 210 million. During 2006-2016, the export volume exceeded 1 million tons with the highest yearly export value exceeding USD 3 billion.

Speciality and Uniqueness of Vietnamese coffee:

Coffee can be easily brewed into ice or cold milk known as the cà phê đá

Coffee is prepared in single serving and is served tableside while it is still being brewed.

Sweetened condensed milk Is used in place of fresh milk as a community preference.

European scientists contracted by private industry have classified the growing regions of the Buôn Mê Thuột into numerous microclimates.

Vietnamese coffee producers blend multiple varieties of beans for different flavour characteristics and balance.

Coffee is very cheap in Vietnam and is a favourite drink of Vietnamese. The price of a cup of coffee is low to only USD 0.5 in Vietnamese street, which is affordable for any class of the society. The planting area of coffee beans expands continuously in Vietnam. The output volume grows accordingly, which promotes the processing, sales and export of coffee beans. Coffee has formed a complete industry chain in Vietnam, which is also an important part of Vietnamese economy providing millions of job opportunities. The output volume of Vietnamese coffee beans will keep growing and both domestic demand and export volume will grow accordingly.

'Complex flavour chemistry works to make up the flavours inherent in coffee". Some companies, like Nestle, have processing plants in Vietnam, which roast the beans and pack it. Environmentalists have started warning that the catastrophe of disforestation is looming. WWF estimates that 40,000 square miles of forest have been cut down since 1973, some of it for coffee farms, and experts say much of the land used for coffee cultivation is steadily being exhausted.

Key Topics Covered in the Report:

Vietnam Coffee Market Research Report

Vietnam Coffee Market Size

Vietnam Coffee Weasel Market

Vietnam Coffee Beans Market Size

Vietnam Coffee Retail Market

Vietnam Coffee Import Volume

Vietnam Coffee Export Volume

Vietnam Coffee Production Output

Vietnam Coffee Packaging Market

Vietnam Coffee Market Future Outlook

Vietnam Hot Beverages Market

Vietnam Coffee Market Competition

To know more about publication, click on the link below

https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/research-coffee-industry-vietnam/105392-11.html

Related Reports

https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/success-case-study-jimmys-iced-coffee/111296-11.html

https://www.kenresearch.com/food-beverage-and-tobacco/non-alcoholic-beverages/global-chaga-mushroom-extract-sales/103708-11.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

China One Among Leading Producers of Beef Worldwide- ken Research

China is a major player in the world and regional beef industry in all sectors such as production, consumption and trade. China is the third largest beef producer in the world and largest in Asia. Economic growth has increased average incomes for both rural and urban residents of China.
The nation’s economic growth increased food prices and the beef prices have outstripped the general food prices. The rapid growth in beef market is majorly due to the booming slaughterhouses and processing industry. The beef production will acknowledge a slow growth over a period of ten years due time consumption for the cattle breeding. The rising consumer income is responsible to influence the changes of dietary habits; this is due to popularisation of Western food and is the main reasons for the growing demand of beef.

The major import sources of beef in China are Brazil, Uruguay, Australia, New Zealand, Argentina and others. Among these, Brazil is the most important legal source for exporting frozen beef to China. The actual import volume of beef is greater than the legal import volume of the smuggled beef from India, U.S.A, Brazil, and other countries. China has a rapid growth in the quantity of slaughtered cattle due to rise in processing industries and increase of production at the national level to meet the needs of growing population. The Chinese beef market is estimated to grow rapidly during the years 2017 to 2021 along with the growth of the nation’s economy. The volume of beef imported in China is expected to increase due to the limited cattle breeding space for the domestic beef production. The purchase of beef has increased in China, in spite of rise of prices in the recent years. Canada, Argentina and Australia are the chief sources of beef imports in China and with new competitors such as Hong Kong and Vietnam
China has estimated nearly 300 million of beef consumption per year and is expected to reach 620 million by 2022. The demand for beef will still rise in the years to come. There is a huge burden on the Chinese government to increase beef production, with an already existing measures for the local industry, including high input costs, constraints climate, production methods. The circumstances show that China will continue to increase beef imports from other countries to meet growing demand in the future.
Topics Covered in The Report

• China beef Industry market Research Report
• China beef Market Size
• China beef Market
• China beef aggregate demand
• China beef Import Volume
• China beef Export Volume
• China beef Production Output
• China beef Packaging Market
• China beef Market Future Outlook
• China beef Market competition
• China beef Market share
• China beef Market growth
• China beef Market trends
• China beef Market future
• China beef Market analysis
• China beef Market research
• China beef Market Revenue

For further reading click on the link below:
https://www.kenresearch.com/food-beverage-and-tobacco/general-food/research-report-china-beef-market/111263-11.html
Related reports:
Global Bubble Gum Market by Manufacturers, Countries, Type and Application, Forecast to 2022
Global Sausage Hotdog Casings Market by Manufacturers, Regions, Type and Application, Forecast to 2022
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
www.kenresearch.com

Low Returns a Threat to Life Insurance in Netherlands- Ken Research

Life insurance in Netherlands is facing concerns because of a decline in premium income and weak profitability. However, insurers' strong capitalisation and low investment risk is expected help them to absorb the pressures they face in next few years.
Netherlands has one of the largest pension savings in the world and because of it the savings at Dutch life insurers is relatively low compared to other European countries. In the Netherlands, only 2.9% of the Gross Domestic Product (GDP) is spent on life insurance. Roughly 9% of all household savings is allocated to life insurers. This capital is equal to €150 BN and is being managed and invested by insurers, who employ a total of more than 50,000 people in the Netherlands.

Dutch Central Bank (DNB) came out with a report on “Vision for the future of the Dutch Insurance Sector” where it pointed out that insurance ought to make fundamental choices (ex – investing in technology, going global, mergers & acquisitions) in order to protect the financially solid insurance sector due to the low rates of interest rate, competition in the insurance market and innovative technologies. Life insurers were found to be particularly vulnerable to the low interest rate environment due to their long-term commitments. It is recommended that life insurance companies should limit their capacity and secure the long-term interest of their policyholders by adopting their operations to the shrinking portfolio, as well as by making realistic cost assumptions in their technical provisions and subject these assumptions to stress tests.
Currently six big insurers dominate the life insurance industry in the Dutch market. With a small and decreasing market it is believed that further consolidation is an important step in efficiently running current individual life portfolios that are decreasing in size. Consolidation between the ‘big six’ has not yet taken place for a variety of reasons, ranging from state ownership and regulatory reluctance to technological barriers. The big six are: AEGON, Nationale Nederlanden, SNS Reaal, Achmea, Delta Llyod, ASR. Recent NN Group's takeover approach to Delta Lloyd reinforces expectation that M&A activity in the Dutch market could accelerate
Individual life is expected to continue to reduce and flatten over the coming 10 years, reaching a new steady state that mainly consists of protection and some annuity insurance. Pension premiums are expected to increase due to renegotiation of new DB pension contracts at lower interest rates.
Analysis of future profitability:  New business for individual life savings and annuity products have decreased drastically. In order to maintain size, insurers have shifted focus to individual protection products. Together with the low interest rate environment, this has put severe pressure on the profitability of new business. On top of decrease in technical result, insurers still face the risk of future claims regarding the miss-selling of unit-linked products. These potential claims could put additional pressure on future profitability.
Solvency II is a major change that will impact the insurance industry on many levels. The product mix of life insurers will be affected, due to the higher risk based capital required for products with guarantees. This will lead to different investment strategies; investment portfolios will be de-risked and matching between assets will increase. Furthermore, Solvency II will lead to a stronger regulatory focus on risk management and will increase the cost of reporting. The average solvency ratio of Dutch life entities is currently well above 100%, but is relatively low compared to peer countries.
According to the research report “Life Insurance in the Netherlands, Key Trends and Opportunities to 2020”, the life insurance industry has changed to a great extent. Due to fiscal and regulatory changes, individual life insurance will remain at a much lower level than earlier volumes. People have moved to Banksparen as a cheaper option than insurance life savings products. Low investment returns and low interest rates make insurance life products very unattractive, as guarantees in the product have become expensive. New individual life should be built on agile and low cost IT platforms with a focus on digitalising client interfaces. This will help life insurers to maintain a healthy balance sheet and P&L in the group pension business.
Topics Covered in The report

• Global Life insurance industry
• Life insurance industry Netherlands
• Netherlands life insurance market research
• Life insurance sector trends Netherlands
• Netherlands life insurance regulations
• Life insurance companies Netherlands
• Netherlands Insurance Gross Written premium
• Netherlands life insurance sector future outlook
• Netherlands life insurance market size
• Netherlands life insurance market growth
• Netherlands life insurance market trends
• Netherlands life insurance market future
• Netherlands life insurance market analysis
• Netherlands life insurance market Share
• Netherlands life insurance market Revenue
• Netherlands life insurance market

To know more, click n the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/life-insurance-netherlands/106745-93.html
Related reports
Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020
Life Insurance in Hong Kong, Key Trends and Opportunities to 2020
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
www.kenresearch.com

Forming of IIA to strengthen insurance sector in Hong Kong: Ken Research

The Hong Kong economy is considered to have the highest degree of economic freedom in the world and is one of the leading international financial markets. It has one of the most effective taxation systems, a low level of corruption, a very strong banking and legal system and is the third largest recipient of FDI in the world. The FDI limit for the insurance sector is 100% which greatly improves the sector’s performance and attracts many international insurance companies. Hong Kong is prone to natural disasters such as floods, storms, earthquakes and wildfires. This makes the insurance sector all the more important. Also, the country has high per capita insurance premium and is considered to be the most developed insurance market in the region.

In Hong Kong, the healthcare system is provided by both public and private companies as well as domestic and international companies, this makes the market highly competitive. This sector has been seeing some growth as there has been a growth in the consumer awareness regarding the incentives of insurance. There has been a rise in healthcare expenditures and a rise in the number of accidents which add to the growth of this sector. In addition to this increasing population and rising disposable income have contributed to this segment. Health insurance makes up more than 75% of the personal accident and healthcare insurance.

According to the research report “Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020”, the main channel of distribution remains to be insurance agents but the multi-channel distribution has been growing rapidly with bancassurance penetration i.e. the distribution of insurance products by banks, gaining popularity. The insurance sector is regulated by the Office of the Commissioner of Insurance (OCI) which will now be replaced by Independent Insurance Authority (IIA) by the Insurance Companies (Amendment) Ordinance 2015. It will establish a legal licensing system which will help to protect the policy holders and for growing the insurance industry. The CEPA agreement signed with China will further help in the development of the industry.

Recently, AIA International Company one of the biggest health insurance companies revised it’s health claim approval policy for reimbursement of “excessive health procedures” at private hospitals, making it more difficult to get approvals. This step has been taken due to medical claims abuse. According to the insurance company doctors unnecessarily hospitalise patients who have health insurance, this increases the premium amount to cover the increased costs and leads to medical inflation. To avoid this, the hospitalisation fees for “simple procedures” such as colonoscopy, gastroscopy and cataract surgery would no longer be covered by the health insurance as they can be easily be carried out at day care centres. This can result in loss to people who own health insurance, as other companies are considering implementing a similar policy.

Bupa (Asia) Ltd,Axa General Insurance Hong Kong Ltd,Axa China Region Insurance Company Ltd, Blue Cross (Asia-Pacific) Insurance Ltd, CTPI (Hong Kong) Ltd, AIA International Company, Prudential (Hong Kong) General Liberty International Insurance Ltd, Bank of China Group Insurance Ltd and Zurich Insurance (Hong Kong) Ltd are the major insurance companies that provide personal accident and health insurance.

Key Topics Covered in the Report:

Personal Accident and Health Insurance in Hong Kong

Hong Kong Health Insurance Sector

Health Insurance Industry Hong Kong

Hong Kong Health Insurance Research Report

Hong Kong Health Insurance Regulations

Hong Kong General Insurance Sector

Personal Accident Insurance Gross Written Premium Hong Kong

Hong Kong General Insurance Gross Written Premium

Hong Kong Health Insurance Market Trends

Hong Kong Health Insurance Sector Competition

To know more about the publication, click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-hong-kong/109202-93.html

Related reports

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-us-key-trends-opportunities/107674-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-netherlands/106747-93.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Non life insurance - a profitable business in Hong Kong: Ken Research

The Hong Kong economy is considered to have the highest degree of economic freedom in the world and is one of the leading international financial markets. It has one of the most effective taxation systems, a low level of corruption, a very strong banking and legal system and is the third largest recipient of FDI in the world. The FDI limit for the insurance sector is 100% which greatly improves the sector’s performance. Hong Kong is prone to natural disasters such as floods, storms, earthquakes and wildfires. This makes the insurance sector all the more important. Also, the country has high per capita insurance premium and is considered to be the most developed insurance market in the region.

According to the statistics as at 31 December 2016 provided by the Insurance Agents Registration Board ("IARB"), there were 2,482 insurance agencies, 63,148 individual agents and 26,835 responsible officers/technical representatives registered with the IARB. As at 31 December 2016, there were 160 authorized insurers in Hong Kong, of which 94 were pure non life insurers, 47 were pure long term insurers and the remaining 19 were composite insurers. General insurance sector recorded a modest growth in 2015, with total gross premiums increased by 5.4% to $45,983 million while underwriting profit decreased by 60.7% to $1,193 million.

There has been a decline in claims of non life insurance but inspite of the decline of claims experience, many of the business reported an underwriting profit. Huge profits were also registered by the Goods in Transit business and Accident & Health business. The two major classes of compulsory business, direct Motor Vehicle business and direct EC business had registered underwriting losses

AXA General Insurance Hong Kong, China Taiping Insurance (HK) Company Limited, Bupa (Asia) Limited, Zurich Insurance Company Ltd, Bank of China Group Insurance Company Limited, QBE Hong Kong & Shanghai Insurance Limited, AIG Insurance Hong Kong Limited, Blue Cross (Asia-Pacific) Insurance Limited, Chubb Insurance Hong Kong Limited and AXA China Region Insurance Company Limited had been the 10 leading insurers in Hong Kong.

According to the research report “Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020”, the intermediaries between policy holders and the authorised insurers are the insurance agents and brokers. The insurance agents are affiliated with some or the other insurance company but the brokers are not contracted through any insurance company. As at end-June 2016, there were 2,482 insurance agencies and 56,809 individual agents registered with the Insurance Agents Registration Board, and 744 authorised insurance brokers who are the members of the approved bodies of insurance brokers, namely The Hong Kong Confederation of Insurance Brokers and Professional Insurance Brokers Association. The insurance sector is regulated by Office of the Commissioner of Insurance (OCI), which has set up a regulatory framework and guidelines for the insurers and insurance intermediaries.

Key Topics Covered in the Report:

Global Non-Life Insurance Industry

Hong Kong Non- Life Insurance Market Research

Non-Life Insurance Sector Trends Hong Kong

Hong Kong General Insurance Regulations

Motor Insurance Market Research Hong Kong

Property Insurance Sector Hong Kong

Health Insurance Demand Hong Kong

Hong Kong Automobile Industry Research

Hong Kong Four Wheeler Demand

To know more about the research report:

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/non-life-insurance-hong-kong/109201-93.html

Related reports

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-spain/106751-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-netherlands/106747-93.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Fair Growth in European Aviation industry Driving Demand for Airport Construction Projects-Ken Research

Europe is a continent that comprises the westernmost part of Eurasia. Europe is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, and the Mediterranean Sea to the south. Europe is the richest region and its economy is currently the largest on Earth. Historically, air transport in Europe has developed with the support and control of national authorities. Europe has monopolistic national carriers and publicly owned or managed airports. International air transport was based on inter-state bilateral agreements and has expanded accordingly, in particular, market access and ownership regimes of carriers.

The EU regulatory measure has turned a protected national aviation market into a competitive single market for air transport. The air-packages relaxed related to the fares, capacity and removing all commercial restrictions for European airlines operating within the EU. These changes in European aviation established European Single Aviation Market. The number of passengers in air transport increased rapidly over the years, which is the strongest growth in all modes of transport in Europe. The European Parliament has stressed the need for a common policy on air transport for the establishment and proper functioning of the Single Aviation Market.
The airport construction projects in Europe are followed by Timetric's Construction Intelligence Center (CIC)), which includes project details from the announcement to execution stages. The estimated total value of the airport construction projects in Europe is US $126.1 billion. The countries involved are Turkey, UK, Russia, Germany, Portugal, Austria, Norway, Italy, Ukraine and Greece.
A new passenger terminal was constructed at Zagreb International Airport, Croatia, to replace the existing damaged terminal. The expansion plans at the Amsterdam Airport, included the new fifth runway. The plans also involved the innovative automatic border passage system that uses iris recognition, enabling quick and secure border passage. Igor Sikorsky Kyiv Airport (formerly Zhuliany airport) is an international airport located 7km away from Ukraine's capital city. Domestic Terminal D at the airport was renovated and reopened in March 2017; facilitate the airport to accommodate up to two million passengers a year. Construction of a new Terminal B was proposed by airport operator in Luxembourg Airport Authority. The planning, preparation and construction works of the new terminal were started in the same year and will be complete by the mid of the year 2017. The investment in Tallinn International Airport is Estonia's is estimated €127m for its development between 2016 and 2020.
The European air traffic management is constantly exploring ways to manage capacity and growth with the infrastructure or runway expansion which is a perfect solution. Despite major economy doubts, the Europe’s aviation market remained sturdy in 2015. In the coming years Europe’s GDP may grow by 1.8% annually all the way through 2035. The European airlines carries approximately 307 million passengers, showing increase in passengers of about 12.3% over 2014. The aviation market is expected to grow rapidly during the next 20 years, while acquiring more than 7,500 new airplanes.
Topics Covered in The Report

• Airport construction market Europe
• Airport construction industry Europe
• Europe Airport construction industry developments
• Europe construction projects
• Europe upcoming construction projects
• Europe Airport Construction investment
• Europe Airport construction regulations
• Europe Airport construction regulations
• UK Airport construction market
• Germany Airport construction market
• Germany Airport construction market growth
• Germany Airport construction market trends
• Germany Airport construction market Future
• Germany Airport construction market analysis
• Germany Airport construction market size
• Spain Airport construction market
• France Airport construction market growth
• France Airport construction market trends
• France Airport construction market size
• France Airport construction market analysis
• France Airport construction market
• Europe aviation industry
• Italy aviation sector
• France aviation sector

To know more, click on the link below:
https://www.kenresearch.com/manufacturing-and-construction/infrastructure/airport-construction-projects-europe/109195-97.html
Related reports
Project Insight-Airport Construction Projects: Global
Project Insight-Airport Construction Projects: The Americas
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
www.kenresearch.com