Best’s Market Segment Report: Health and Property Lines of Business Drive Hong Kong’s Non-Life Insurance Growth

HONG KONG, Nov 10 (Bernama) -- Hong Kong’s non-life insurance market recorded stable growth in 2025, with gross written premiums (GWP) growing year over year by 8% to HKD 108.5 billion, driven by steady growth in direct business and inward reinsurance activities, according to a new AM Best report.

The Best’s Market Segment Report, “Health and Property Lines Drive Hong Kong’s Non-Life Insurance Growth,” notes that there are 87 authorised pure non-life insurance companies in Hong Kong, as of 31 March 2026, creating tight price competition and margin pressures across the industry, which makes organic growth difficult for some entities. Accident and health (A&H) insurance remains the largest premium contributor, representing 37% of the Hong Kong non-life market. The other two core business segments — property damage and general liability (including employees’ compensation) have held consistent market share in 2024 and 2025.