Hong Kong insurance premiums rise 36% to $73 billion in H1 2026

Hong Kong's total gross insurance premiums increased by 35.5% year-on-year to $73.2 billion (HK$573.6 billion) during the first half of 2026. This growth was driven by expansions in both long-term and general insurance sectors. New business sales specifically climbed 58.4% to $35.1 billion.

According to provisional figures from the Insurance Authority (HKIA), long-term insurance revenue premiums from in-force policies reached $65.0 billion, a 39.7% increase. Industry leaders noted that high-net-worth customers remain a core segment, utilizing insurance for wealth preservation and legacy planning.

Key performers included HSBC Life, which reported new business premiums of $8.5 billion and an annualised new premium of $3.2 billion. Sun Life Hong Kong also saw significant growth, with its new business Annualised Premium Equivalent (APE) reaching $930.9 million, a 44% increase year-on-year.