Life insurance sales in Hong Kong surged 50% in the first half of 2025 to a record high of HK$173.7 billion, driven by demand from high-net-worth individuals in the city and mainland China. Hong Kong solidified its position as an international insurance hub, with industry leaders optimistic about continued growth.

Nearly 60% of high-net-worth individuals in mainland China, Hong Kong, Macau, and Taiwan prefer insurance policies for wealth transfer, according to a survey. Mainland visitors, alongside locals, are major buyers of insurance products for financial planning and legacy transfer. Last year, mainland visitors spent HK$62.8 billion on life policies in Hong Kong.

HSBC Life maintained market leadership with over HK$30.57 billion in new business premiums in the first half, capturing a 17.6% market share. The industry sees continued growth, with wealth management and retirement planning as primary drivers. A Longevity Centre was recently introduced to address the financial needs of Hong Kong’s ageing population.

Read more at Yahoo Finance: Hong Kong life insurance sales hit record US$22.3 billion on high-net-worth demand