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HK 2025 Total Gross Premiums Hike 29.7% YoY
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The Insurance Authority of Hong Kong (IA) released provisional statistics for 2025, with total gross premiums reaching $827 billion, up 29.7% YoY. New office premiums (excluding Retirement Scheme business) of long term business were $330.9 billion, up 50.6% YoY, mainly composed of $312.1 billion derived from Non-Linked individual business, up 49.9%, which can be further broken down into participating business of $282.8 billion (increased by 55.1% YoY) and other businesses of $29.3 billion (increased by 13.7%), as well as $18.5 billion from Linked individual business (increased by 65.4%). Some 59,000 Qualifying Deferred Annuity Policies were issued that contributed $3.7 billion of 1.1% of the total premiums for individual business. Auto-translated by AI AASTOCKS Financial News |
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