New business single premium surges nearly 70%, ranking third in Hong Kong² Solidifies position as a top five pan-Asian insurer in Hong Kong³
- New business first year premium (FYP) increased by 59% year-on-year (YoY) and new business annual premium equivalent (APE) increased by 41% YoY, both outperforming the industry average growth of 51% and 38% respectively¹.
- New business single premium increased by 68% YoY, ranking third in Hong Kong².
- New business FYP for participating insurance products ranked third in Hong Kong⁴.
Ken Lau, Managing Director of Greater China and Hong Kong Chief Executive Officer, FWD, said, “FWD Hong Kong delivered exceptional results for the full year of 2025, securing top-three market rankings in key business indicators which demonstrated our comprehensive growth momentum. In particular, the strong performance of our participating products underscores a balanced portfolio that excels in both health protection and wealth management. Our tied agency force also expanded by 11% YoY, more than five times the industry average⁵, reflecting our commitment to expanding the team and our confidence in future growth. As we solidify our position as a top five pan-Asian insurer by business scale in Hong Kong³, we will continue to stand by our customer-led approach, bridging protection gaps with innovative products, and changing the way people feel about insurance.”
In 2025, FWD’s key distribution channels posted strong YoY double-digit growth that surpassed industry average:
- Tied agency channel: New business FYP increased by 52% YoY, outpacing the industry average growth of 42%².
- Bank channel: New business FYP grew by 35% YoY, outperforming the industry average growth of 33%².
- Brokerage channel: New business FYP surged by 89% YoY, exceeding the industry average growth of 79%².
Growth in tied agency team significantly outpaces the industry
FWD’s strategic focus on expanding its professional team continues to yield impressive results. The tied agency force grew by 11% YoY in 2025—a rate more than five times the industry average of 2%⁵—further strengthening the company’s distribution capabilities.
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¹ Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong. The calculation combines individual and group businesses.
² Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong. The calculation includes individual business only.
³ According to Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong, as well as FWD’s own assessment based on market information, FWD ranks among the top five pan-Asian insurers in Hong Kong in both new business FYP and new business case count rankings. Calculated based on individual and group businesses. Pan-Asian insurers refer to multinational insurers currently having a well-established operation in the Asian market with multiple distribution channels.
⁴ Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong. The calculation includes individual business and non-bank insurers only.
⁵ 《Pi Financial Services Intelligence report》- December 2025.
