HSBC Life posts 21.5% share of new premiums in Q1 2025

The insurer wrote over HK$20b in new business premiums during the period. 

HSBC Life's first quarter (Q1 2025) New Business Premiums and Annualised New Premiums registered market shares of 21.5% and 22.0%, respectively, according to provisional data from the Hong Kong Insurance Authority. 

The insurer wrote over HK$20b ($2.55b) in new business premiums during Q1 2025. 

Daisy Tsang, CEO for Hong Kong and Macau, HSBC Life, said demand from high-net-worth clients remains strong, with many seeking life insurance for wealth transfer, risk management, and long-term asset growth amid market uncertainty.

Hong Kong’s insurance sector recorded total gross premiums of HK$220.3b ($28.6b) in Q1 2025. 

Long-term insurance new office premiums rose 43.1% year-on-year to HK$93.4b ($12.1b), whilst general insurance gross premiums reached HK$31.2b ($4.1b). 

The industry posted a HK$2.7b ($351m) operating profit, including HK$0.9b ($117m) in underwriting profit.

($1.00 = HK$7.85)