Hong Kong GI business grows 10%
Hong Kong's Office of the Commissioner of Insurance has revealed that total gross premiums of the Hong Kong general insurance industry in 2011 grew 10.7% to $34.7bn with net premiums up 8.5% to $23.8bn compared with 2010.
Overall underwriting profit also recorded an increase, from $2.6bn in 2010 to $3bn in 2011.
On direct business, gross and net premiums gained 6.4% to $25.6bn and 6.3% to $18.8bn respectively in 2011
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