Insurance Authority releases provisional statistics for the insurance industry in 2024, with gross premiums reaching $637.8 billion
保險業監管局公布2024年臨時統計數字
The Insurance Authority released provisional statistics for 2024, with gross premiums reaching $637.8 billion during the period. New policy premiums for long-term business were $219.8 billion, up 21.4% year on year, of which new policy premiums from mainland visitors were $62.8 billion, up 6.5%, accounting for 28.6% of total new policy premiums for individual business. Gross premiums for general business were $100.5 billion, overall operating profit was $8.1 billion, and gross claims incurred totalled $53.0 billion.
The release covers premiums, claims and operating profits for long-term and general business, allowing verification of the proportion of new policy premiums from mainland visitors within individual business and their year-on-year changes.
Source: 保監局·新聞稿 · ia.org.hk