The Insurance Authority released provisional statistics for Hong Kong's insurance industry in the first quarter of 2019, with gross premiums totalling $148.8 billion during the period, up 12.3% from the same period last year. Premium income from long-term in-force business was $132.2 billion, up 13%, while gross premiums for general insurance were $16.6 billion, up 7%, and overall underwriting swung from a loss of $166 million to a profit of $44 million. Premiums from new policies taken out by mainland visitors were $12.8 billion, up 7.9%, accounting for 26.4% of total new policy premiums for individual business.
Why read this: Gross premiums totalled $148.8 billion in the first quarter, up 12.3% year on year, with breakdown figures for long-term, general insurance and new policies from mainland visitors listed for readers to check item by item.