FWD Insurance has reported robust growth in its new business performance for 2025, with both first year premium and annual premium equivalent rising significantly on a year-on-year basis.
The insurer stated that its new business first year premium increased by 59% compared with the previous year. Over the same period, the annual premium equivalent for new business rose by 41% year-on-year. According to the group, and citing government statistics, both measures outperformed the wider industry, where average growth stood at 51% for first year premium and 38% for annual premium equivalent.
The company also recorded a 68% year-on-year increase in new business single premium, placing it third in the Hong Kong market. In addition, FWD Insurance ranked third in Hong Kong for new business first year premium within participating insurance products.
Key Performance Indicators
| Indicator | Year-on-Year Growth | Industry Average | Market Position |
|---|---|---|---|
| New business first year premium | 59% | 51% | Outperformed industry |
| New business annual premium equivalent | 41% | 38% | Outperformed industry |
| New business single premium | 68% | Not stated | Third in Hong Kong |
| Participating product FYP ranking | Not stated | Not stated | Third in Hong Kong |
Ken Lau, Managing Director of Greater China and Chief Executive Officer of FWD Hong Kong, attributed the performance to the group’s balanced portfolio, which spans both health protection and wealth management products. He highlighted that this diversified structure has supported sustained business expansion across key product lines.
The company also reported growth in its distribution capacity. Its tied agency force expanded by 11% year-on-year, a rate described as more than five times the industry average. This expansion reflects the group’s continued focus on strengthening its distribution network.
Mr Lau stated that the company is reinforcing its position as one of the top five pan-Asian insurers by business scale in Hong Kong. He further noted that FWD Insurance intends to maintain a customer-led approach, focusing on closing protection gaps through product innovation while continuing to develop its distribution capabilities.
The reported results indicate sustained growth across multiple performance indicators, with the insurer maintaining gains above industry averages in key metrics for new business development.