Hong Kong Insurance – (Re)in Asia

Features and key stories

Offshore wind turbines stand in rows across the sea under a blue sky.

Miniature businesspeople stand and meet among coins beneath wooden blocks spelling “AML.

Hong Kong targets captives, ILS and specialty insurance growth under first five-year plan

Asia's space growth outpaces local capacity as insurers rebuild after heavy losses

Pacific Life Re completes first Hong Kong asset-intensive reinsurance deal

Markel puts APAC at the heart of growth plans

Person standing on a rocky hillside overlooking a dense city by a blue harbor, with green hills in the foreground and mountains in the distance; Data Insight watermark bottom right.

Hong Kong skyline with skyscrapers and Victoria Harbour, reflecting Asia's HNW insurance race.

Port scene at sunset with red gantry cranes, stacked shipping containers, and a container ship; mountains in the distance.

Two men in dark suits with yellow ties stand in front of a Sun Life Private Wealth backdrop with slogan, posing for a photo at a formal event.

Green double‑decker tram with American Express branding on a busy Chinatown street, surrounded by red storefront signs and a black car ahead.

Aerial view of Hong Kong's skyline with tall glass skyscrapers beside Victoria Harbour and hills in the distance.

Man in a navy suit and pink tie giving a speech at a blue podium labeled Insurance Authority.

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Hong Kong new life sales jump in 2025 as HSBC retains lead, rivals narrow gap

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PICC issues Hong Kong’s first sidecar, covering mainland offshore windfarm risks

The US$12m issuance was conducted through special-purpose insurer Great Wall Re.

FWD to reacquire 25% stake in bolttech Insurance Hong Kong for US$20.72m

The proposed transaction is expected to deepen cooperation between the companies across group medical and general insurance, subject to the satisfaction of multiple closing conditions.

Hong Kong brokers face growing pressure over AML due diligence

IA’s actions point to greater scrutiny when onboarding customers.

Hong Kong targets captives, ILS and specialty insurance growth under first five-year plan

From expanding Hong Kong's influence across the global maritime value chain to developing specialty insurance products for mainland companies going global, the plan outlines an ambitious growth agenda...

Asia's space growth outpaces local capacity as insurers rebuild after heavy losses

Asia's commercial space sector is expanding faster than local insurance capacity, leaving operators reliant on overseas reinsurers as orbital congestion emerges as a new underwriting risk.

Pacific Life Re completes first Hong Kong AIR deal

Its debut asset-intensive transaction in the market covers whole life liabilities ceded by a pan-Asian insurer

Markel puts APAC at the heart of growth plans

Markel APAC head Sucheng Chang aims to nearly double the regional book within five years, with recent expansion setting the pace and new opportunities in view.

Hong Kong life insurers’ direct new business jumps 51% in Q1

New business premiums reached a record HK$141.13bn (US$18bn) as single-premium business nearly doubled, despite a slight decline in policy issuance.

Asia's HNW insurance race intensifies as insurers compete on scale, service and global reach

As the region's wealthy population expands, insurers are investing in global HNW platforms and bigger underwriting limits while navigating emerging risks from premium financing and portfolio concentra...

Hong Kong GI direct premiums rise 4.2% in Q1 as underwriting profit more than doubles

Pecuniary loss, a class dominated by mortgage guarantee business, delivered around 63% of the onshore market's undiscounted underwriting result, while offshore ships premiums rebounded amid war-risk r...

"Client globality": Sun Life rewires HNW business into single global platform

Sun Life Private Wealth links Bermuda, Hong Kong, Singapore and Dubai into one platform as Asia's wealthy spread assets across jurisdictions.

Hong Kong insurers look for clearer risk rules, data sharing as ride-hailing regime nears

Licences are due to be issued from November, and HKFI says access to operational data is critical for insurers to assess the new risk and develop appropriate pricing models.

Hong Kong captive insurer count rises to nine with two new approvals

New captives from the hospitality and logistics sectors broaden participation by both Hong Kong and Mainland Chinese corporates.

Hong Kong insurers deepen AI push as regulator adds three to cohort programme

The AI Cohort Symposium 2026 saw first-batch participants report gains across underwriting, claims and customer service, while newcomers Manulife, BOC Life and China Life unveiled new plans.

AXA bets on one-stop-shop model, specialty expertise to crack Asia's HNW insurance market

AXA Global Private is banking on its group-wide specialty capabilities to carve out a niche in a segment where rival carriers are already fiercely competing for wallet share.

Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan

Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan.

Hong Kong new life sales jump in 2025 as HSBC retains lead, rivals narrow gap

Direct new individual business premiums rose 50.7%, while policy numbers grew 10.5%.

HK reinsurance segment swings to 2025 underwriting loss

Provisional data shows Hong Kong’s reinsurance inward premiums rose 9.41% in 2025 despite the reversal in underwriting results.

HK general insurers' underwriting profits soar 175% in 2025 as AIA leads health charge, P&I clubs drive offshore gains

The impact of the Wang Fuk Court fire offset some of the sector’s growth, with property damage profits falling sharply last year.

Hong Kong IA finalises RBC amendments to incentivise infrastructure investment

Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation.