Fitch Ratings has said that Hong Kong's non-life insurance industry faces increased competitive pressures amid falling premium volumes.
Stanley Tsai, associate director in Fitch's Asia-Pacific insurance group, said: "Hong Kong's non-life insurance market has seen limited growth opportunities over the past two years."
Earnings pressure is expected to be most pronounced for smaller insurers owing to their lack of economies of scale. "Such insurers will be further at risk should they seek to weaken underwriting discipline in order to promote revenue growth," Tsai added.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
