{"id":2061,"date":"2025-01-24T11:55:59","date_gmt":"2025-01-24T03:55:59","guid":{"rendered":"https:\/\/cvw-corp.com\/?p=2061"},"modified":"2025-01-24T11:55:59","modified_gmt":"2025-01-24T03:55:59","slug":"%e9%a6%99%e6%b8%af%e4%bf%9d%e9%99%a92024%e5%89%8d%e4%b8%89%e5%ad%a3%e6%95%b0%e6%8d%ae%e5%87%ba%e7%82%89%ef%bc%9a%e5%86%85%e5%9c%b0%e8%ae%bf%e5%ae%a2%e8%b5%b4%e6%b8%af%e6%8a%95%e4%bf%9d%e9%ab%98","status":"publish","type":"post","link":"https:\/\/cvw-corp.com\/en\/\u9999\u6e2f\u4fdd\u96692024\u524d\u4e09\u5b63\u6570\u636e\u51fa\u7089\uff1a\u5185\u5730\u8bbf\u5ba2\u8d74\u6e2f\u6295\u4fdd\u9ad8\/","title":{"rendered":"Hong Kong Insurance 2024 First Three Quarters data is out: Mainland visitors to Hong Kong to insure up to 46.6 billion!"},"content":{"rendered":"

Recently, the Hong Kong Insurance Authority (HKIA) released provisional business statistics for the first three quarters of 2024: in the first three quarters of 2024, theMainland visitors to Hong Kong to take out HK$46.6 billion in insurance premiums<\/strong>, up 21% YoY!<\/p>\n\n\n\n

HK$169.6 billion of total new premiums written in Hong Kong<\/strong>, another all-time high!<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

0<\/strong>1<\/strong><\/p>\n\n\n\n

Hong Kong's new policy premiums hit record highs<\/strong><\/p>\n\n\n\n

Mainland visitors added $46.6 billion in new premiums<\/strong><\/p>\n\n\n\n

First three quarters of 2024.Hong Kong-wide new premiums were HK$169.6 billion<\/strong>, compared to HK$146.3 billion for the same period in 2023, a year-over-year increase ofUp 16%.<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

In the first three quarters of 2024, Mainland visitors took out HK$46.6 billion of insurance in Hong Kong.<\/strong><\/p>\n\n\n\n

Of this, HK$15.6 billion was insured in the first quarter, HK$14.1 billion in the second quarter and HK$17 billion in the third quarter, an increase of 21% YoY.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Premiums written by Mainland visitors, accounting for HK$169.6 billion of all new premiums written in Hong Kong.27.5%<\/strong>(math.) genusOne-third of the total.<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

0<\/strong>2<\/strong><\/p>\n\n\n\n

Whole Life and Critical Illness Protection<\/strong><\/p>\n\n\n\n

strong demand<\/strong><\/p>\n\n\n\n

Premiums for new business from Mainland visitors are mainly driven by thewhole life insurance<\/strong>cap (a poem)Critical Illness Benefit<\/strong>driven by strong demand for the two main types of insurance.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

According to statistics on the number of new policieswhole life insurance<\/strong>together withCritical Illness Benefit<\/strong>As a percentage of the overall business, up to about87.3%<\/strong>, of which whole life insurance dominates with a share of 59.01 TP3T, while critical illness protection accounts for about 28.31 TP3T.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

From a new policy premium perspective.whole life insurance<\/strong>The largest contribution to premiums was made by the80.06%<\/strong>, savings insurance contributed 11.661 TP3T of premiums, investment-linked insurance 2.511 TP3T of premiums, and critical illness insurance 2.501 TP3T of premiums.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

0<\/strong>3<\/strong><\/p>\n\n\n\n

Latest Hong Kong Insurance Company Rankings<\/strong><\/p>\n\n\n\n

1\ufe0f\u20e3  Based on gross premium income (lump sum + annualized premiums)<\/strong><\/p>\n\n\n\n

The top 15 Hong Kong insurers in terms of individual new business are shown in the chart below, with a market share of 96.5%.<\/p>\n\n\n\n

The top 5 insurance companies are HSBC Life, Hang Seng Insurance, AIA, Manulife and BOC Life.<\/p>\n\n\n\n

These companies owe their leadership position to their strong brand presence, broad product lines, and superior customer service.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

2\ufe0f\u20e3 Based on standard premium income (lump sum*10% + annualized premiums)<\/strong><\/p>\n\n\n\n

The top 5 insurance companies are HSBC Life, BOC Life, AIA, Prudential Insurance and Manulife.<\/p>\n\n\n\n

This ranking reflects the strong performance of these companies in providing long-term protection and savings products.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

0<\/strong>4<\/strong><\/p>\n\n\n\n

Harbor Insurance Advantage:<\/strong><\/p>\n\n\n\n

Global allocation for solid returns<\/strong><\/p>\n\n\n\n

From the most recent data available.Hong Kong insurance market still experiencing explosive growth<\/strong>The market continues to heat up, especially driven by mainland customers.<\/p>\n\n\n\n

For HNWIs, the value-added potential of Hong Kong insurance is only one aspect, and more critically, through theIt is difficult to quantify the financial benefits that can be realized from a series of hidden features carefully designed by Hong Kong insurance.<\/strong>\ud83d\udc47<\/p>\n\n\n\n

    \n
  • Policy splitting: flexible asset management;<\/li>\n<\/ul>\n\n\n\n
      \n
    • Dividend Lock: Stable income with flexible withdrawal;<\/li>\n<\/ul>\n\n\n\n
        \n
      • Asset segregation: protects personal assets and avoids debt liquidation;<\/li>\n<\/ul>\n\n\n\n
          \n
        • Unlimited change of insured person to realize perpetual wealth inheritance.<\/li>\n<\/ul>\n\n\n\n
          \"\"<\/figure>\n\n\n\n

          whether fromprotection needs<\/strong>neverthelessWealth Enhancement<\/strong>perspective, Hong Kong insurance, by virtue of its unique advantages and strong market competitiveness, remains theThe perfect choice for high net worth individuals<\/strong>The<\/p>\n\n\n\n

          If you are thinking about how to make yourGlobalization of assets<\/strong>maybePursuing higher yields<\/strong>Hong Kong insurance is the best choice.<\/p>\n\n\n\n

          If you are interested in Hong Kong insurance, please feel free to enquire!<\/p>","protected":false},"excerpt":{"rendered":"

          Recently, the Hong Kong Office of the Commissioner of Insurance released provisional business statistics for the first three quarters of 2024 [...]<\/span><\/p>","protected":false},"author":2,"featured_media":2072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","iawp_total_views":53,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/2061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/comments?post=2061"}],"version-history":[{"count":1,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/2061\/revisions"}],"predecessor-version":[{"id":2073,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/2061\/revisions\/2073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/media\/2072"}],"wp:attachment":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/media?parent=2061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/categories?post=2061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/tags?post=2061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}