FWD Insurance new business first year premiums surge 59% in 2025

The insurer ranked third amongst new business single premiums.

FWD Insurance reported that new business first year premium (FYP) increased by 59% year-on-year (YoY) whilst new business annual premium equivalent (APE) increased by 41% YoY.

The group, citing government statistics, both FYP and APE outperformed the industry average growth of 51% and 38% respectively.

New business single premium increased by 68% YoY, ranking third in Hong Kong whilst new business FYP for participating insurance products ranked third in Hong Kong

Ken Lau, Managing Director of Greater China and CEO of FWD Hong Kong attributed the growth to the group’s balanced portfolio that excels in both health protection and wealth management.

“Our tied agency force also expanded by 11% YoY, more than five times the industry average, reflecting our commitment to expanding the team and our confidence in future growth. As we solidify our position as a top five pan-Asian insurer by business scale in Hong Kong, we will continue to stand by our customer-led approach, bridging protection gaps with innovative products, and changing the way people feel about insurance,” Lau said.