HSBC Life tops Hong Kong’s insurance industry in 2023

HSBC Life’s business premium amongst the biggest market share contributors.

The Insurance Authority released the 2023 provisional statistics of the Hong Kong insurance industry.

According to data, HSBC Life remains at the top spot for New Business Premiums, making up 18.9% of the market share.

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In 2023, HSBC Life recorded around $34.1b in New Business Premiums.

“Hong Kong citizens continue to trust in HSBC Life as their preferred insurance partner and we see continued evidence that Hong Kong has successfully re-emerged as an international insurance centre and is the destination of choice for international customers in seeking out high-quality insurance policies.” Edward Moncreiffe, CEO of HSBC Life in Hong Kong and Macau said.