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HK Insurance Sector 1Q Total Gross Premiums Reach $220.3B
The Insurance Authority of Hong Kong (IA) released provisional statistics for 1Q25, with total gross premiums for the period reaching $220.3 billion.New office premiums (excluding ...
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HK Insurance Sector 1Q Total Gross Premiums Reach $220.3B
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The Insurance Authority of Hong Kong (IA) released provisional statistics for 1Q25, with total gross premiums for the period reaching $220.3 billion.

New office premiums (excluding Retirement Scheme business) of long term business were $93.4 billion, up 43.1% YoY, mainly composed of $90.1 billion derived from Non-Linked individual business, increased by 42.3% YoY, which can be further broken down into participating business of $81.7 billion and other businesses of $8.3 billion, as well as $3.2 billion from Linked individual business.

Around 35,000 Qualifying Deferred Annuity Policies were issued that contributed $2.2 billion or 2.4% of the total premiums for individual business.

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