In the first half of 2023, AIA Group generated ** billion Hong Kong dollars in insurance premiums from new businesses in Hong Kong. Compared to the previous years, most life insurance companies had difficulty generating new business.Â
A global giant
As one of the world’s leading financial centers, Hong Kong has a large insurance sector. With a business volume of around *** billion Hong Kong dollars, the insurance industry accounted for over three percent of the region’s GDP. According to official statistics, the life insurance business was more than ** times the size of the non-life insurance business.
A popular financial hub
Because of Hong Kong’s unique location and status, the city was a popular location for global financial institutions, including insurance. For instance, many out of the **leading life insurance companies in Hong Kong were not from the region itself. Financial companies enjoy the liberal business environment and economic freedom of the city. In addition, Hong Kong serves as a connection point between the global financial system and mainland China.
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Zhihu Zhuanlan. (March 22, 2024). Ranking of life insurance companies in Hong Kong in 2023, based on the premium income of new business (in billion Hong Kong dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 06, 2026, from /statistics/1228583/hong-kong-leading-life-insurance-companies-new-business-value/
Zhihu Zhuanlan. "Ranking of life insurance companies in Hong Kong in 2023, based on the premium income of new business (in billion Hong Kong dollars)." Chart. March 22, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 06, 2026. /statistics/1228583/hong-kong-leading-life-insurance-companies-new-business-value/
Zhihu Zhuanlan. (2024). Ranking of life insurance companies in Hong Kong in 2023, based on the premium income of new business (in billion Hong Kong dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 06, 2026. /statistics/1228583/hong-kong-leading-life-insurance-companies-new-business-value/
Zhihu Zhuanlan. "Ranking of Life Insurance Companies in Hong Kong in 2023, Based on The Premium Income of New Business (in Billion Hong Kong Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 22 Mar 2024, /statistics/1228583/hong-kong-leading-life-insurance-companies-new-business-value/
Zhihu Zhuanlan, Ranking of life insurance companies in Hong Kong in 2023, based on the premium income of new business (in billion Hong Kong dollars) ÌÇÐÄÆƽâ°æ, /statistics/1228583/hong-kong-leading-life-insurance-companies-new-business-value/ (last visited August 06, 2026)
Ranking of life insurance companies in Hong Kong in 2023, based on the premium income of new business (in billion Hong Kong dollars) [Graph], Zhihu Zhuanlan, March 22, 2024. [Online]. Available: /statistics/1228583/hong-kong-leading-life-insurance-companies-new-business-value/
