Rich Mainland China visitors fuel new business boom for insurers

28 August 2024 | 5 minutes read

Major insurers, including Prudential, AXA, AIA and FWD, have all delivered strong new business growth and operating profits supported by wealthy mainland Chinese clientele. Prudential recorded new business profits of US$1,468 million in 1H24, up 8% year-on-year (YoY). Adjusted operating profit for 1H24 increased by 9% YoY to US$1,544 million. “We entered this year with a clear strategy and a…

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