Gross Insurance Premiums increased by 14% y/y reaching HKD 114.7bn in H1/2011.

By bne IntelliNews September 5, 2011
Hong Kong's gross insurance premiums increased by 14% y/y reaching HKD 114.7bn in the first half of this year. As reported by news.gov.hk, the gross and net premiums of general insurance business increased by 12.7% and 10.1% amounting to HKD 18.7bn and HKD 12.9bn respectively in the first half of this year, as compared to the gain posted during the same period last year. The gross premiums increased by 8.5% reaching HKD 13.9bn and net premiums recorded a similar growth reaching HKD 10.3bn in terms of direct business, during the same period. The premium growth was primarily driven by accident and health business, the gross and net premiums of which were HKD 5bn and HKD 4.2bn respectively.

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