Hong Kong Insurance Authority Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/hong-kong-insurance-authority/ Mon, 22 Dec 2025 02:43:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Wang Fuk Court fire insurance payouts exceed US$33m: HKIA https://insuranceasianews.com/wang-fuk-court-fire-insurance-payouts-top-us33m-hkia/ Sun, 21 Dec 2025 23:29:59 +0000 https://insuranceasianews.com/?p=207488 General insurers have processed 1,038 clams with total payout of around US$26m in the three weeks since the fire, the regulator said.

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In the three weeks since the fire at Wang Fuk Court in Tai Po, total insurance payouts by insurers have exceeded HK$257 million (US$33 million), according to the Hong Kong Insurance Authority (HKIA).
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]]> Hong Kong insurers’ H1 GWP at US$7.5bn, underwriting profit at US$180m: HKIA https://insuranceasianews.com/hong-kong-insurers-h1-overall-gwp-at-us7-5bn-underwriting-profit-at-us180m-hkia/ Mon, 27 Oct 2025 05:16:52 +0000 https://insuranceasianews.com/?p=202916 The industry reported gross claims of US$3.3bn, while overall operating profit stood at US$840m, the regulator said.

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Gross and net premium of general insurance business, including reinsurance inward business, rose to HK$58.4 billion (US$7.5 billion) and HK$39.9 billion respectively, according to provisional statisti...

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]]> Hong Kong proposes marine risk pool in maritime push https://insuranceasianews.com/hong-kong-proposes-marine-risk-pool-in-maritime-push/ Wed, 17 Sep 2025 07:28:19 +0000 https://insuranceasianews.com/?p=200178 Chief executive John Lee said in his annual policy address that the government would also promote exclusive captive and reinsurance businesses, as well as develop insurance products for the low-altitude economy.

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Hong Kong is working to establish a dedicated marine risk pool to enhance the city's underwriting capacity for both local and Mainland markets, Hong Kong's chief executive John Lee said in his annual ...

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]]> Hong Kong P&C market posts US$112m underwriting profit in Q1 2025: HKIA https://insuranceasianews.com/hong-kong-underwriting-profit-falls-14-in-q1-2025-hkia/ Sun, 27 Jul 2025 22:00:44 +0000 https://insuranceasianews.com/?p=196104 The SAR's direct insurers posted an underwriting profit of US$140m, while the inward reinsurance segment posted an underwriting loss.

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This story has been updated to remove the comparison to last year's results, as the introduction of the RBC regime since then makes the comparison inaccurate.
The Hong Kong general insurance indus...

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