Hong Kong IA reports decrease in total premiums despite growth in reinsurance in 2023

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Reinsurance News - Mar 08, 2024

The Insurance Authority (IA) has reported an increase in Hong Kong’s reinsurance gross premiums by 3.1% and net premiums by 0.2% for 2023, however, total gross premiums decreased by 1.1% compared to 2022, totalling $549.7 billion. Reinsurance gross premiums reached $18.1 billion in the year, primari...

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