The Government announced the subscription and allotment results for the new Silver Bond issue, receiving a total of 371,821 valid applications with a total subscription principal of HK$98,227,300,000 and an issue size of HK$55 billion. All valid applications will be allotted up to 17 lots; applications for 16 lots or fewer were allotted in full, while after balloting, 113,918 of the remaining applications were able to receive one additional lot.
Why read this: The announcement sets out the number of applications, total subscription principal and final issue size, and explains the allotment cap and balloting arrangements, allowing readers to check how many lots they have been allotted.
Sept 30Tue
Tue
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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.
Why read this: 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.
Aug 30Fri
Fri
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The Insurance Authority published provisional statistics for Hong Kong's insurance industry in 2022, with total gross premiums of $556 billion, down 7.7% from the same period last year. Long-term business premium income was $491.4 billion (down 9.1%), while gross premiums for general insurance were $64.6 billion (up 4.5%); new business premiums from mainland visitors were $2.1 billion, up 200.3%.
Why read this: Besides the 7.7% fall in overall gross premiums, new business premiums from mainland visitors rebounded 200.3%, with the rise and fall offering a comparison of the insurance industry's performance last year.
May 15Sun
Sun
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The Insurance Authority published provisional statistics for the Hong Kong insurance industry in the first half of 2021. Total gross premiums reached $307 billion during the period, down 2.2% from the same period last year. Total premium income from long-term business was $273.6 billion (down 2.4%), while new business premiums from mainland visitors contracted to about $200 million (down 96.5%). Gross premiums for general insurance business were $33.4 billion (down 0.3%), and overall underwriting profit improved from $624 million to $794 million.
Why read this: Lists gross premiums for the first half of the year and breakdown figures for long-term and general business, along with year-on-year changes, allowing verification of trends in new business premiums from mainland visitors and underwriting profits.
May 31Mon
Mon
Translation is not available yet. Showing the Traditional Chinese version.
The Insurance Authority released provisional statistics for the Hong Kong insurance industry for the first three quarters of 2020, with gross premiums reaching $461.1 billion, up 5.5% year on year. Premium income from long-term business was $412.7 billion, up 5.1%, while gross premiums for general insurance were $48.5 billion, up 9.3%. New policy premiums from mainland visitors contracted 68.3% in the third quarter to $266 million.
Why read this: Gross premiums for the first three quarters totalled $461.1 billion, up 5.5% year on year, while new policy premiums from mainland visitors fell a cumulative 81.9% over the same period, providing a contrast between the rise and the fall.
May 29Fri
Fri
Translation is not available yet. Showing the Traditional Chinese version.
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.
The Insurance Authority released provisional statistics for Hong Kong's insurance industry in the first three quarters of 2018, with total gross premiums reaching $388.3 billion, up 6.9% year on year. New policy premiums from mainland visitors were $34.1 billion, down 15.8%, accounting for 28.3% of total new policy premiums for individual business. Gross premiums for general insurance were $40.5 billion, up 7.1%, while underwriting swung from a loss of $193 million to a profit of $87 million.
Why read this: The article lists specific figures for gross premiums in the first three quarters, long-term business and new premiums from mainland visitors, along with year-on-year changes, allowing verification of overall growth and the performance of individual segments.
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.
Why read this: New policy premiums from mainland visitors fell 26.6% year on year, with about 95% being medical or protection-type products, allowing comparison with changes in the structure of visitor demand.