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International

Insurance premium volume dips in Hong Kong

March 11, 2024 Reprints

Data published by the Insurance Authority of Hong Kong showed that local insurers’ total gross premiums decreased by 1.1% year-on-year to $549.7 billion Hong Kong ($70.3 billion) in 2023, Reinsurance News reported. Reinsurance gross premiums increased by 3.1% year-on-year to reach HKD18.1 billion in the year, partly driven by the property damage sector.

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Insurance premium volume dips in Hong Kong

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