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Blue Cross: Last Year's Home Insurance Business Gross Premiums Rose 40% YoY; Survey Shows 70% of Hongkongers Recognize Importance of Home Insurance
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Blue Cross CEO Xie Peilan stated that last year's overall gross premiums increased by 14.2% year-on-year, with non-medical insurance business rising by 25.3% YoY, medical insurance business by 10.4% YoY, and home insurance business by 40% YoY. Additionally, the "Hong Kong Home Insurance Survey" conducted by Blue Cross in February found that over 70% of people recognize the importance of home insurance, yet nearly 60% have not purchased it; tenants, in particular, show weak awareness of protection, with over 80% not having home insurance. The survey results indicate that over 70% (71.5%) of respondents are more concerned about the risk of home accidents than last year, and similarly, over 70% (71.1%) acknowledge the importance of home insurance. However, nearly 60% (57.6%) have not purchased home insurance, and nearly 80% (77.7%) have not purchased fire insurance. The survey found that Hong Kong residents generally worry about home incidents such as fires, third-party claims, typhoons, black rain, and water leaks, but often do not take action due to various reasons. Different groups have varying attitudes towards home insurance, with tenants having the weakest awareness of protection, as over 80% (81%) have not purchased home insurance, and nearly 60% (56.7%) of homeowners have not insured. The survey pointed out that nearly 40% (36.5%) of "Generation Z" respondents cited "unclear coverage" as the main reason for not purchasing insurance, reflecting a significant knowledge gap in insurance among Generation Z. (ha/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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