Hong Kong insurers see record sales driven by affluent Chinese demand

Hong Kong's life insurance sector experienced a significant surge in the first quarter, with sales increasing by 51% to HK$141.1 billion (US$18 billion). This record growth was primarily fueled by affluent customers from mainland China and overseas seeking wealth transfer, protection, and medical coverage. Insurers are seeing increased demand for products that address longevity and intergenerational wealth planning, positioning Hong Kong as a key financial hub for such services. AI

RANK_REASON Significant growth in a major financial market driven by cross-border demand. [lever_c_demoted from significant: ic=1 ai=0.1]

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• Bermuda
• China
• Hong Kong
• Insurance Authority
• Manulife Financial
• Manulife Hong Kong and Macau
• Wilton Kee Wing-tao

• product
• funding

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