Read the latest edition of AIR and MEIR as an Interactive e-book

Mar 2021

Hong Kong: Total premiums rise by 10% to $73bn in 2019

Source: Asia Insurance Review | Nov 2020

The Hong Kong insurance industry reported total gross premiums of HK$566.9bn ($73.2bn) in 2019, marking year-on-year growth of 10.2%.
According to the latest figures from the Insurance Authority, total gross premiums and net premiums of general business increased by 4.4% to HK$55.4bn and by 8.6% to HK$37.7bn respectively. 
Underwriting profit also rose to HK$869m in 2019 while gross claims incurred by authorised insurers related to the recent social events were HK$1.3bn and net claims were HK$411m. 
The improved overall performance of the insurance industry was said to be driven by direct property damage business whose underwriting profit expanded from HK$199m in 2018 to HK$823m in 2019. A 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.


Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.