Statistics

HK's underwriting profit jumps 46.6% in 2009

(Xinhua)
Updated: 2010-03-16 10:14
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Large Medium Small

HONG KONG - The Office of the Commissioner of Insurance (OCI) released the Hong Kong insurance business statistics for 2009 on Monday, indicating that the overall underwriting profit grew by 46.6 percent year-on-year to HK$2.2 billion ($283.59 million).

The general insurance business gross premiums increased by 5.7 percent to HK$28.6 billion, while net premiums rose 7.1 percent to HK$20.5 billion compared with the previous year.

Related readings:
HK's underwriting profit jumps 46.6% in 2009 Hong Kong growth surpasses estimates
HK's underwriting profit jumps 46.6% in 2009 HK finance industry receipts up 45% in Q4
HK's underwriting profit jumps 46.6% in 2009 
Consumers love Hong Kong most
HK's underwriting profit jumps 46.6% in 2009 HK retail sales up 6.6% in January

According to OCI, driven by growth in accident and health business, and construction-related employees' compensation business, gross and net premiums of direct business rose 5.3 percent to HK$22.7 billion and 6.3 percent to HK$17 billion respectively.

The overall business growth was nonetheless offset by the drop in ships business and goods-in-transit business. The former recorded a fall in gross and net premiums to HK$ 963 million and HK$624 million respectively, while for the latter the gross and net premiums contracted to HK$849 million and HK$538 million respectively.

The underwriting profit of direct business grew significantly from HK$519 million to HK$1.4 billion in 2009 as a result of favorable claims experience.

Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail