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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

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BusinessCorporate Bits
Home›Business›Manulife HK, Macau’s critical illness plans increase over 40%
Corporate Bits

Manulife HK, Macau’s critical illness plans increase over 40%

By -
Tuesday, May 16, 2023
164
0

Manulife Hong Kong and Macau reported a double-digit year-on-year increase in insurance sales in the first quarter of 2023, primarily driven by strong demand from mainland Chinese visitors (MCV) following the lifting of all Covid-19 related restrictions, and the full reopening of borders with mainland China.

First-quarter annualized premium equivalent (APE) sales increased by 26% to HKD1.66 billion, compared to the same period in 2022, with critical illness plans and Qualifying Deferred Annuity Plans each showing an increase by more than 40% year-on-year. 

“In addition to our broker channels, our professional agency force in Hong Kong and Macau has played a pivotal role in driving this growth, resulting in double-digit year-on-year sales increases across multiple product lines, such as savings, critical illness and Qualifying Deferred Annuity Plans,” said Patrick Graham, chief executive officer of Manulife Hong Kong and Macau.

As of March 31, 2023, Manulife’s professional agency force in Hong Kong and Macau consisted of 11,112 agents.

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DAILY EDITION

Monday, November 2, 2026 – edition no. 5066
Monday, November 2, 2026 – edition no. 5066

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

November 2026
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