FWD Insurance reported robust growth in its new business performance for 2025, with key indicators significantly exceeding industry averages.
The insurer stated that its new business first year premium increased by 59 per cent year-on-year, while its new business annual premium equivalent rose by 41 per cent over the same period. According to government statistics cited by the group, both measures outperformed the broader industry averages of 51 per cent and 38 per cent respectively.
The company also recorded a 68 per cent year-on-year increase in new business single premium, securing third place in the Hong Kong market. In addition, new business first year premium from participating insurance products also ranked third in Hong Kong, reflecting strong demand across product categories.
The growth was attributed to a balanced business portfolio spanning health protection and wealth management solutions, which continued to support overall performance momentum.
Ken Lau highlighted that the insurer’s tied agency force expanded by 11 per cent year-on-year, more than five times the industry average. He noted that this expansion reflects ongoing investment in team development and confidence in sustained future growth. He also stated that the company continues to strengthen its position among the top five pan-Asian insurers by business scale in Hong Kong, maintaining a customer-led approach and focusing on closing protection gaps through product innovation.
Key Performance Indicators (2025)
| Indicator | Result | Industry Average | Market Position |
|---|---|---|---|
| New business first year premium | +59% year-on-year | +51% | Above industry average |
| New business annual premium equivalent | +41% year-on-year | +38% | Above industry average |
| New business single premium | +68% year-on-year | Not specified | 3rd in Hong Kong |
| Tied agency force growth | +11% year-on-year | Significantly lower | Over five times industry average |
The insurer’s performance indicates continued expansion across both distribution capability and product uptake in Hong Kong’s competitive insurance market, with particular strength in both protection-oriented and wealth-linked insurance offerings.