In 2022, the combined ratio of insurance companies in Hong Kong was 89.2 percent. Thereby, 55 percent of expenditure was due to losses, commission fees accounted for around 16 percent, and the management expense ratio also amounted to over 18 percent. Strong typhoons caused the bad business performance of insurers in 2017.
Commission ratio, management expense ratio, and net loss ratio of insurance businesses in Hong Kong from 2015 to 2022
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Insurance Authority (HK). (September 28, 2023). Commission ratio, management expense ratio, and net loss ratio of insurance businesses in Hong Kong from 2015 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1228335/hong-kong-performance-of-the-insurance-business/
Insurance Authority (HK). "Commission ratio, management expense ratio, and net loss ratio of insurance businesses in Hong Kong from 2015 to 2022." Chart. September 28, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1228335/hong-kong-performance-of-the-insurance-business/
Insurance Authority (HK). (2023). Commission ratio, management expense ratio, and net loss ratio of insurance businesses in Hong Kong from 2015 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1228335/hong-kong-performance-of-the-insurance-business/
Insurance Authority (HK). "Commission Ratio, Management Expense Ratio, and Net Loss Ratio of Insurance Businesses in Hong Kong from 2015 to 2022." Statista, Statista Inc., 28 Sep 2023, https://www.statista.com/statistics/1228335/hong-kong-performance-of-the-insurance-business/
Insurance Authority (HK), Commission ratio, management expense ratio, and net loss ratio of insurance businesses in Hong Kong from 2015 to 2022 Statista, https://www.statista.com/statistics/1228335/hong-kong-performance-of-the-insurance-business/ (last visited November 21, 2024)
Commission ratio, management expense ratio, and net loss ratio of insurance businesses in Hong Kong from 2015 to 2022 [Graph], Insurance Authority (HK), September 28, 2023. [Online]. Available: https://www.statista.com/statistics/1228335/hong-kong-performance-of-the-insurance-business/
