Hong Kong's life insurance industry recorded HK$141.1 billion (US$18 billion) in new policies in the first quarter, a significant increase from the previous year. This marks the third consecutive record-breaking first quarter since the Insurance Authority's establishment in 2016, following Manulife's redomiciliation to the city.
A former executive director of Hong Kong’s Insurance Authority has been acquitted of misconduct after she was alleged to have coerced insurer Prudential into hiring her daughter-in-law, as the magistrate ruled that her actions did not cause “actual damage” to public trust in the regulator. Magistrate Minnie Wat Lai-man on Thursday found Carol Hui Mei-ying and digital strategy consultant Chan Tsz-wai not guilty of conspiracy to commit misconduct in public office. The pair previously stood trial...
Hong Kong's life insurance sales jumped 50.6% to a record high last year, driven by affluent customers using policies for wealth transfer, protection and medical needs. The growth is attributed to the rise of single-family offices in the city, which increased to more than 3,380 as of end-2025. Tax incentives and Hong Kong's lack of estate duty have made it an attractive destination for succession planning.
