Insurance Authority releases provisional statistics for Hong Kong insurance industry in first half of 2018

The Insurance Authority released provisional statistics for Hong Kong's insurance industry in the first half of 2018. Gross premiums totalled $253.7 billion during the period, up 7.2% from the same period last year. Premium income from long-term in-force business was $225.8 billion, up 6.9%, while gross premiums from general insurance business were $27.9 billion, up 9.6%. New policy premiums from mainland visitors were $22.3 billion, down 26.6%, accounting for 26.6% of total new policy premiums from individual business.