Insurers' data confirms GI underwriting profit down in Hong Kong last year
In Hong Kong, the overall underwriting profit of general insurance business decreased from HK$2.6bn in 2011 to HK$2bn in 2012, mainly due to adverse claims experience according to the Office of the Commissioner of Insurance.
The net claims incurred ratio was 58% for 2012 compared with 55% for 2011.
The latest released information is based on the audited returns and actuarial information submitted by insurers.
Accident &
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