HONG KONG, Dec 18 (Bernama-BUSINESS WIRE) — Hong Kong’s non-life insurance industry has shown an ability to sustain profitable underwriting during a recent five-year period, which was supported by the performance in the general liability and property damage lines of business, according to a new AM Best report.
Accident & health (A&H) coverage remained the largest contributor to gross written premiums (GWP) during the five-year period between 2020 and 2024, followed by general liability (comprising employees’ compensation) and property damage. When combined with motor, these four lines of business generated close to 89% of Hong Kong’s non-life segment GWP of HKD 100.5 billion (USD 12.9 billion) in 2024.