{"id":2314,"date":"2025-04-30T15:58:03","date_gmt":"2025-04-30T07:58:03","guid":{"rendered":"https:\/\/cvw-corp.com\/?p=2314"},"modified":"2025-05-12T16:33:20","modified_gmt":"2025-05-12T08:33:20","slug":"nei-di-lyu-ke-bao-mai-628-yi-xiang-gang-bao-xian-zui-xin","status":"publish","type":"post","link":"https:\/\/cvw-corp.com\/en\/nei-di-lyu-ke-bao-mai-628-yi-xiang-gang-bao-xian-zui-xin\/","title":{"rendered":"Mainland travelers blow through $62.8 billion! The latest figures on Hong Kong insurance are out"},"content":{"rendered":"

Recently, the Hong Kong Insurance Authority (HKIA) released its annual figures for 2024, and the Hong Kong insurance market has been heating up again with an astonishing growth rate!<\/p>\n\n\n\n

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

2024, territory-wide new policy premiumsSurpassed the HK$200 billion mark for the first time<\/strong>The number of mainland visitors contributes nearly one-third of the premiums.<\/strong>Become the core engine driving market growth.<\/p>\n\n\n\n

This is a good indication that mainland visitors are taking out insurance products in Hong Kong.Enthusiasm remains high<\/strong>The Mainland's enthusiasm for taking out insurance in Hong Kong is pulling out all the stops!<\/p>\n\n\n\n

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#01<\/p>\n\n\n\n

Mainland visitors added $62.8 billion in new premiums<\/strong><\/p>\n\n\n\n

Gross new premiums of $219.8 billion for the whole of Hong Kong<\/strong><\/p>\n\n\n\n

For the full year 2024.Hong Kong-wide new policy premiums were<\/strong>HK$2198<\/strong>(math.) genus<\/strong>Compared with the same period in 2023 at HK$1,807, the year-on-year surge was 22%, another record high!<\/p>\n\n\n\n

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

For the full year 2024.Premiums for new policies taken out by Mainlanders in Hong Kong amounted to $4.5 billion.<\/strong>HK$62.8 billion<\/strong>!<\/strong>second only to 2016's all-time peak of $72.7 billion, up 6.51 TP3T from 2023.This is equivalent to one out of every three new insurance policies in Hong Kong coming from mainlanders!  <\/strong><\/p>\n\n\n\n

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

It can thus be seen that Hong Kong insurance is still highly favored by mainland investors!<\/p>\n\n\n\n

As an Asian insurance hub and one of the world's premier and highly sophisticated insurance markets, Hong Kong's record year-on-year premiums are the veryThe best evidence that the market is booming.<\/strong>
#02<\/p>\n\n\n\n

Most Popular with Mainland Customers<\/strong><\/p>\n\n\n\n

Types of Insurance in Hong Kong<\/strong><\/p>\n\n\n\n

According to detailed data from the Hong Kong Insurance Authority, the rise in premiums for new business from mainland visitors was mainly driven byWhole life insurance (58.5% piece share)<\/strong>cap (a poem)Savings life insurance (3.6% piece share)<\/strong>demand-driven, reflectingInvestors' core needs for wealth transfer and risk protection.<\/strong><\/p>\n\n\n\n

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

Currency.Highest percentage of policies in US dollars<\/strong>which amounted to 78.91 TP3T.Highlighting investors' strategies to hedge against the risk of RMB depreciation.<\/strong><\/p>\n\n\n\n

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

In terms of contribution structure, the share of lump sum policies reached 43.241 TP3T.Demonstrates the importance that HNW clients place on capital efficiency.<\/strong><\/p>\n\n\n\n

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#03<\/p>\n\n\n\n

Mainland investors keen on Hong Kong insurance<\/strong><\/p>\n\n\n\n

Analysis of the Core Drivers of the<\/strong><\/p>\n\n\n\n

Against the backdrop of rising demand for cross-border financial resources allocation, Hong Kong insurance products are becoming an important option for asset allocation for the middle and high net worth individuals in the Mainland by virtue of their unique income advantages, tax planning features and institutional protection.<\/p>\n\n\n\n

\u25ce Spillover of demand from the mainland market<\/strong><\/p>\n\n\n\n

\u25ba Low interest rate environment: Mainland deposit rates fall below 2%, HK savings insurance expected IRR 5%-6% forms a significant advantage;<\/p>\n\n\n\n

\u25b6 Tax planning: Hong Kong policies are excluded from CRS reporting and claim payments are exempt from estate tax.<\/p>\n\n\n\n

\u25ce<\/strong>Advantages of the Hong Kong Insurance System<\/strong><\/p>\n\n\n\n

\u25ba Legal Protection: Regulated by the Hong Kong Insurance Ordinance, offshore asset attributes enhance privacy protection;<\/p>\n\n\n\n

\u25ba Global Asset Allocation: Multi-currency policy (USD\/HKD\/RMB) to fulfill cross-border needs.<\/p>\n\n\n\n

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

#04<\/p>\n\n\n\n

Hong Kong insurance<\/strong><\/p>\n\n\n\n

Typical Segments and Configuration Recommendations<\/strong><\/p>\n\n\n\n

With its unique system advantages and product characteristics, Hong Kong insurance is mainly suitable forThe following core group of people:<\/strong><\/p>\n\n\n\n

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

The HK$219.8 billion explosion in Hong Kong insurance sales is no coincidence.<\/p>\n\n\n\n

Hong Kong, as one of the most mature and sophisticated insurance markets in the world.No foreign exchange control, investment all over the world, can realize the diversified allocation of assets.<\/strong>\"Diversified Assets + Safe Judicial Segregation + Excessive Flexible Returns\" is the underlying logic of Hong Kong's insurance boom.<\/p>\n\n\n\n

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

Recently, the Hong Kong Insurance Authority (HKIA) released its annual data for 2024, and the Hong Kong insurance market [...]<\/span><\/p>","protected":false},"author":2,"featured_media":2317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","iawp_total_views":46,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2314","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\/2314","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=2314"}],"version-history":[{"count":1,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/2314\/revisions"}],"predecessor-version":[{"id":2325,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/posts\/2314\/revisions\/2325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/media\/2317"}],"wp:attachment":[{"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/media?parent=2314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/categories?post=2314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cvw-corp.com\/en\/wp-json\/wp\/v2\/tags?post=2314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}