Hong Kong life insurance sales rise 43% in first quarter to hit record high

Hong Kong life insurance sales rise 43% in first quarter to hit record high

Hong Kong’s life insurance industry sees sustained demand for savings, health and protection products, Manulife says.

Hong Kong life insurance market posts record Q1 sales amid mainland demand surge

Hong Kong’s life insurance sector recorded its highest-ever first-quarter sales, with volumes jumping 43 per cent year-on-year, fuelled by heightened demand for wealth protection and succession planning among affluent individuals and a steady inflow of mainland Chinese visitors. The surge comes as the city sharpens its focus on becoming a global centre for wealth management, rivalling established hubs like Switzerland. Insurers issued HK$93.4 bi…