# Life insurance sales in Hong Kong rose 50.6 per cent to another record last year.

*biotech · news · 2026-04-24 · South China Morning Post*

## Key points

- Life insurance sales in Hong Kong rose 50.6 percent to a new record last year.
- Hong Kong had over 3,380 single-family offices by end-2025, up about 680 in two years.
- Tax incentives for single-family offices since 2023 have boosted the use of insurance for wealth transfer.
- The absence of estate duty in Hong Kong is driving wealthy families to use insurance for succession planning.

**Companies:** Swiss Re
**Countries:** Hong Kong

[Read the full story on South China Morning Post](https://www.scmp.com/business/banking-finance/article/3351327/life-insurance-sales-hong-kong-hit-record-amid-rise-millionaires)

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