Hong Kong life insurance market forecasts for 2024-2028

GlobalData is forecasting a 4.1% average annual increase in turnover for the Hong Kong life insurance market over the next five years.

The premium volume is expected to climb from 459.9 billion HKD (58.7 billion USD) in 2024 to 539.1 billion HKD (68.8 billion USD) in 2028.

The sector's growth is projected to be underpinned by economic recovery and the easing of travel restrictions following the Covid-19 pandemic.