Mainland China and overseas wealth, alongside family offices, is driving insurance demand in the city to new highs
2-MIN READ2-MIN ListenEnoch YiuPublished: 5:00pm, 24 Jul 2026Life insurance sales in Hong Kong rose 51 per cent in the first quarter to another record high, driven by affluent customers from mainland China and overseas buying policies for wealth transfer, protection and medical needs.The industry wrote HK$141.1 billion (US$18 billion) in new life policies in the first quarter, compared with HK$93.4 billion a year earlier, according to data from the Insurance Authority released on Friday.
It marked the third year that first-quarter sales hit a record high since the authority was established in 2016.
In December, Manulife’s Hong Kong unit became the first major global insurer to redomicile from Bermuda to the city to capture growing opportunities.
