Browsing: Hong Kong

Sompo Insurance (Hong Kong) Co., Ltd. CEO Li Sheung Kin to retire, with Alasdair Walker succeeding him as CEO

Growing demand from mainland Chinese clients drives Hong Kong insurance industry growth

The Insurance Authority (IA) of Hong Kong has voiced its support for a newly launched initiative targeting the silver economy, highlighting both the sector’s relevance to aging populations and the potential for regional collaboration within the Greater Bay Area (GBA).

Sun Life has launched a new indexed universal life insurance product in Hong Kong targeting high-net-worth individuals.

Life insurance sales to mainland Chinese visitors in Hong Kong stabilised in 2024, with new business premiums reaching HK$62.8 billion, a 6.5% increase from 2023.

Hong Kong Life introduces innovative health services to enhance customer health protection

AIA Group Ltd’s stock rose up to 6% in Hong Kong trading following its Q1 2025 results, showing continued growth in new business value and strong demand from mainland Chinese customers.

Hong Kong’s insurance industry saw significant growth in 2024, with gross premiums totaling $82.91 billion (HK$637.8 billion), driven by increases in both long-term and general insurance sectors.

Prudential Hong Kong Limited achieved sustained growth in new business throughout 2024, positioning itself as one of Hong Kong’s leading life insurers by annualised premium equivalent (APE) sales.

Insurance industry news about Willis’ new appointment in Hong Kong and Macau