香港责任保险市场.ppt

香港責任保險市場Liability Market in Hong Kong 香港保險市場情况 產險業務 產險業務 責任險檢視 In 2006 Employees’ Compensation and Employer’s Liability (EC/EL) – 16.17% of total market portfolio Motor Vehicles, Damage and Liability – 13.83% of total market portfolio Other Liability – 10.93% of total market portfolio In Total 40.93% of total market portfolio 勞工保險業務 勞工保險業務 勞工保險及僱主責任﹝續﹞  Rating History on Construction Risks (based on Contract Value of Project) Year 1998 0.6% to 0.8% Year 1999 0.5% to 0.7% Year 2000 1.0% to 1.5% Year 2001 1.5% to 2.5% Year 2002 2.0% to 3.0% Year 2003 1.7% to 2.5% Year 2004 1.4% to 1.5% Year 2005 1.2% to 1.5% Year 2006 1.0% to 1.1% Year 2007 1.0% to 1.2% Brokerage or Agency Commission is usually 15% 勞工保險及僱主責任﹝續﹞  Prior to 1995 Premium rates were generally stable Since 1996 Premium rates started to move downwards slowly Since 2001 Premium rates started to move upwards in April 2001 with the effect of HIH 勞工保險及僱主責任﹝續﹞  Since 2003 Premium rates were reduced by 10% to 15% every year on some preferred accounts In 2007 In 2007, we have seen the premium rates start to rise marginally Brokerage or Agency Commission is between 15% to 40% 勞工保險及僱主責任﹝續﹞  Employees’ Compensation Benefits Benefits are enacted under Employees’ Compensation Ordinance Throughout the years, benefits were updated from time to time to reflect the inflation factor A major change was made in 1997 for payment of compensation: Payment from first day of injury (instead of 4th day) Payment for 80% of wages (instead of two-third) Current Maximum Benefits: HK$2,100,000 for an injured worker with 100% Permanent Incapacity 2 years sick leave (with court approval, it can be increased to 3 years) 車損及第三者責任險 2 segments in the market Business generates from brokers and agents (insurer pays less brokerage or commission) Business generates from motor trades (insurer pays higher commission) when insurers chase after premium volume. These insurers are usually smaller insurer