Global Insights

Asia faces a significant underinsurance challenge, with a combined health protection gap (HPG) and mortality protection gap (MPG) reaching $390 billion in premium equivalent terms in 2024. This substantial increase since 2017 is driven by rising medical costs, aging populations, income growth exceeding insurance adoption, and barriers such as pricing concerns and limited consumer understanding. Based on the latest available global figures (2023), Asia accounts for approximat

The global insurance third-party administrator (TPA) market is experiencing robust growth, driven by increasing insurance penetration, outsourcing of operational tasks, and rising demand in the health insurance sector. According to projections, the market is set to expand from $342.52 billion in 2024 to $377.77 billion in 2025, marking a 10.3% year-on-year increase. Long-term growth is expected to continue at a compound annual growth rate (CAGR) of 9.9%, reaching $551.07 bill

Hong Kong’s private healthcare system, among the world’s most expensive, poses significant challenges for corporate group medical insurance. With medical inflation projected at 9.8% in 2025 and premiums soaring 55% over three years (2021–2024), employers face escalating costs and evolving employee needs.

The surge in group medical insurance premiums reflects increased healthcare utilization and costly treatments. In 2023, Accident & Health (A&H) premiums grew by 12.2%, yet claims ratios reached 64.1%, per Insurance Authority data, squeezing underwriting profits.

The Greater Bay Area (GBA) offers a compelling opportunity through healthcare integration, leveraging lower-cost, high-quality mainland medical services. At EverBright Actuarial Consulting Limited, we explore the challenges of medical inflation in Hong Kong, the rise of GBA healthcare integration, and strategies to optimize employee benefits, enriched with data and real-world examples.

With 20–30% of the 540,000 Hong Kong residents living in Guangdong seeking care in the Greater Bay Area (GBA), cross-border medical insurance is a cost-effective solution. At EverBright Actuarial Consulting Limited, we explore how GBA healthcare integration, innovative insurance products, and digitalization are transforming access to affordable, high-quality care, enriched with data, real-world examples, and global insights.

As health awareness grows and technology advances, medical-grade wearable devices are shifting from clinical settings to everyday households, enabling a transition from reactive healthcare to proactive health management.

As 20–30% of the 540,000 Hong Kong residents in Guangdong seek affordable care in the Greater Bay Area (GBA), cross-border medical insurance is critical but fraught with challenges like payment system interoperability, currency fluctuations, and data sharing barriers. At EverBright Actuarial Consulting Limited, we analyze these hurdles, explore innovative solutions, and draw on global insights to help employers and insurers navigate this dynamic landscape.

The Greater Bay Area (GBA) is witnessing a transformative trend as insurance companies like Bupa Hong Kong, Blue Cross (Asia Pacific) Insurance, and FWD Hong Kong partner with leading healthcare providers to deliver seamless cross-border medical services.

Hong Kong boasts one of the highest life expectancies globally, with residents expected to live to 85 years on average. However, the Manulife Asia Care Survey 2025 reveals concerns about health and financial preparedness for retirement, with 43% of Hongkongers anticipating increased medication costs, 37% expecting higher expenses for major illnesses or surgeries, and 35% foreseeing costs for mobility support.