Hong Kong insurance records 109,813 new policies

New direct long-term business covered 1.1 million lives in 2025.

Hong Kong’s long-term insurance market recorded 109,813 new direct long-term policies in 2025.

New direct long-term business brought in $21.1b (HK$162.0b) in single premiums and $22.0b (HK$168.9b) in annualised premiums during the period, according to provisional figures from the Insurance Authority.

The total number of lives covered under new business was 1.1 million, whilst sums assured or annuities per annum reached $96.5b (HK$742.1b).

Participating business remained the largest segment by annualised premiums, with $19.5b (HK$149.7b).

Within this category, whole life products accounted for $16.5b (HK$126.6b) in annualised premiums and $15.7b (HK$121.0b) in single premiums.
Endowment products recorded $1.0b (HK$7.9b) in annualised premiums, whilst immediate and deferred annuities reached $1.5b (HK$11.2b).

At the end of December 2025, Hong Kong’s direct long-term in-force business stood at 16.1 million policies, covering 1.4 million lives.

Total sums assured or annuities per annum for in-force business reached $1.4t (HK$11.1t).

Direct long-term premiums receivable totalled $21.3b (HK$164.2b) in single premiums and $20.6b (HK$158.4b) in non-single premiums.

($1.00 = HK$7.83)