Insurance Authority
Coverage of Insurance Authority in the Nexus archive.
- Hong Kong insurers ride affluent demand to record sales as longevity and legacy needs grow
Life insurance sales in Hong Kong rose 51% in Q1 to a record HK$141.1 billion, driven by affluent customers from mainland China and overseas seeking wealth transfer, protection, and medical coverage. This marked the third consecutive year of record first-quarter sales.
- Hong Kong insurers ride affluent demand to record sales as longevity and legacy needs grow
Life insurance sales in Hong Kong rose 51% in the first quarter to a record HK$141.1 billion, driven by affluent customers from mainland China and overseas seeking policies for wealth transfer, protection, and medical needs. The Insurance Authority reported the third consecutive year of first-quarter sales records.
- Hong Kong’s insurance boom risks cooling as regulators curb mainland China fund flows
Hong Kong’s insurance sales may face headwinds as mainland China visitors encounter restrictions on transferring funds to purchase policies, following regulatory tightening by Beijing and Hong Kong authorities. The Insurance Authority stated it is closely monitoring cross-border sales and maintaining communication with mainland regulators.