Hong Kong insurers’ health at risk as medical claims could double in decade
- Posted on April 28, 2026
- By South China Morning Post
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- 1 min read
In brief
Hong Kong's insurance sector faces significant financial pressure as medical claims surge dramatically. Between 2019 and 2023, total health insurance reimbursements skyrocketed 61%, reaching HK$17.73 billion annually. Industry analysts warn that claims could potentially double within the next decade, creating substantial challenges for insurers' profitability and sustainability. This trend reflects rising healthcare costs, aging populations, and increased medical service utilization across the region.
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Hong Kong insurers’ health at risk as medical claims could double in decade
Research found total reimbursements reached HK$17.73 billion in 2023, up 61 per cent from HK$10.99 billion in 2019.
