Page 51 - ASCOT GROUP COMPLETE DOCUMENT (2)

10. Potential Market

Competitor Total % Total
Cases Cases

AIA International 136,480 38
AXA China (Bermuda) 29,076 8
HSBC Life 11,633 3
Manulife International 12,769 4
Prudential (HK) Life 128,126 36
Other 39,950 11

Total 358,034 100

Ascot Life
Year 1 8,241 2
Year 2 14,587 4
Year 3 23,080 6
45,907

Source: Publically listed company filings

1) The figures provided are for the first three quarters of 2018 as reported by the Hong Kong
Insurance Authority ‘Provisional Statistics on Hong Kong Long Term Insurance Business’,
Offshore Business, January to September 2018, i.e. it represents only those cases reported by
insurers regulated in Hong Kong, for that portion of their business only.
2) These figures are those reported by the Hong Kong authority only. Cross border business is
written throughout Asia and indeed throughout global emerging markets, and those locations
are not reflected in these figures - Singapore being the second largest centre in Asia after Hong
Kong.

3) Ascot Life projections are based on writing business in Asia, Latin America and the Caribbean,
Africa and to a lesser extent the Middle East.

4) The figures provided do not include cross border business being written by competing
international life companies in Asia.

5) Please note that these figures constitute both investment linked and protection based policies