Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024

Both long-term and general business recorded YoY growths.

Hong Kong’s insurance industry recorded a 5.1% year-on-year (YoY) increase in total gross premiums for the first half of 2024 (H1 2024), reaching $40.42b (HK$310.9b) compared to the same period in 2023, data from the Insurance Authority (HKIA) showed.

In the long-term or life business sector, total revenue premiums from…