Premiums grow slightly to reach $20 billion in Hong Kong

Data from Hong Kong’s Insurance Authority showed that local insurers’ aggregate gross premiums written inched up 0.5% year-on-year to more than $158 billion Hong Kong ($20 billion) in the first quarter of the year, Reinsurance News reported. Gross general insurance premiums reached HKD19.3 billion. Meanwhile, the overall underwriting profit reached HKD1.1 billion, up from HKD512 million in the year-ago period.

Read more