Media OutReach
Rising Costs and Coverage Gaps: The Diverging Medical Insurance Landscapes in Hong Kong and Singapore

As Hong Kong witnesses a burgeoning interest in health insurance, Singapore grapples with the challenges of rising medical costs and financial risk management.
- Budget Priorities: Respondents in both regions allocate significant portions of their budgets to Family, Finance, and Health. Notably, there is a strong intent to increase health budgets in 2025, particularly among the middle-income segment, with 31% in Singapore and 26% in Hong Kong planning for such increases.
- Insurance Coverage Gaps: While a majority of respondents in both markets benefit from medical insurance, Singaporeans exhibit higher levels of protection, with 49% having personal plans and only 10% uninsured, compared to 19% uninsured in Hong Kong.
- HNWIs Driving Demand: A substantial percentage of HNWIs in Hong Kong plan to purchase new medical insurance in 2025 (48%), contrasting with a smaller proportion in Singapore due to existing extensive coverage (30%).
- Motivations and Barriers: Hong Kong respondents are driven to purchase insurance to address coverage gaps (44%) and rising medical expenses (36%), while Singaporeans focus on mitigating financial risks (43%). High costs remain the top deterrent in both markets, affecting 62% in Hong Kong and 52% in Singapore.
HONG KONG SAR – Media OutReach Newswire – 11 February 2025 – A recent survey by MDRi, which engaged 1,000 respondents across Hong Kong and Singapore, has unveiled a diverse array of health and medical insurance needs as the Year of the Snake approaches. The findings highlight the contrasting priorities of individuals in these two markets, revealing distinct trends in their insurance requirements.
Health has emerged as the paramount life priority for residents of both Hong Kong and Singapore. With a growing aging population in both markets, this shared emphasis on health underscores significant growth opportunities within the healthcare industry.
Middle-Income Segment Intends to Increase Health Budgets in 2025
In examining budget allocations for 2024, respondents from Hong Kong prioritized Family (23%), Finance (22%), and Health (15%). Singaporeans similarly allocated their budgets, with Family (22%), Finance (20%), and Health (16%) as top priorities.
Notably, 21% of Hong Kong respondents plan to increase their health budgets in 2025, particularly among the middle-income segment, where 26% intend to allocate more. In Singapore, 23% of respondents plan to boost their health budgets, with a striking 31% among the middle-income group.
Significant Differences in Medical Insurance Coverage
While the majority of individuals in both Hong Kong (81%) and Singapore (90%) have medical insurance coverage, notable differences arise in personal coverage. In Singapore, approximately 49% possess personal medical insurance, with 36% opting for additional coverage beyond company plans. In contrast, only 15% of Hong Kong respondents rely solely on company medical insurance without personal coverage, and about 19% of individuals in Hong Kong lack any medical insurance, compared to just 10% in Singapore. This disparity highlights Singapore’s population having better protection levels in terms of medical insurance relative to Hong Kong.
HNWIs and Future Insurance Plans
Looking ahead to 2025, 30% of individuals in Hong Kong are projected to acquire new medical insurance, with a significant 48% of HNWIs planning to purchase new policies. Conversely, only 24% of Singaporeans intend to secure additional coverage, reflecting their already extensive insurance ownership.
Motivations and Deterrents in Medical Insurance Decision-Making
In Hong Kong, motivations for purchasing new medical insurance are driven by the need to address coverage inadequacies (44%), rising medical expenses (36%), and reducing future financial risks (36%). In Singapore, the focus shifts toward mitigating financial risks (43%), exploring diverse coverage options (39%), and managing escalating medical costs (37%).
For those without insurance, high costs remain the primary deterrent, with 62% in Hong Kong and 52% in Singapore citing expense as a key barrier.
Growth Opportunities in Medical Insurance
Hong Kong presents substantial growth opportunities for insurance companies, particularly as many individuals remain uninsured. By positioning medical insurance as an affordable solution against rising medical costs, insurers can tap into this potential. Surprisingly, despite lower coverage rates, HNWIs in Hong Kong are actively considering new insurance purchases in 2025. In contrast, while the Singaporean market shows lower demand due to widespread coverage, there remains an opportunity to attract individuals by emphasizing the reduction of future financial risks and exploring low-cost solutions for those without medical insurance.
Simon Tye, CEO of MDRi, emphasizes the importance of these trends: “Insurance firms must recognize the distinct landscapes of Hong Kong and Singapore. In Hong Kong, the opportunity lies in catering to an eager market looking for new insurance options. Meanwhile, Singapore’s focus should be on providing diverse coverage solutions that effectively mitigate financial risks and address the concerns of rising medical expenses.”
Notes to editors:
- The press release result is based on a survey conducted by MDRi during 31st December 2024 – 6th January 2025, measuring the sentiment and happiness level of both markets of Hong Kong and Singapore towards the year 2025, including ownership of medical insurance.
- The survey engaged a total of 1,000 participants, with an equal sample size of 500 individuals from each market, to ensure a balanced representation of the demographic distribution within the respective territories.
For further information, interviews, or comments, please contact [email protected].
Hashtag: #MDRi
The issuer is solely responsible for the content of this announcement.
About The Mishcon de Reya Group
The Mishcon de Reya Group is an independent, international professional services business with law at its heart, employing over 1450 people with over 650 lawyers. It includes the law firm Mishcon de Reya LLP and a collection of leading consultancy businesses that complement the firm’s legal services.
Mishcon de Reya LLP is based in London, Oxford, Cambridge, Singapore and Hong Kong (through its association with Karas So LLP). The firm services an international community of clients and provides advice in situations where the constraints of geography often do not apply. Its work is cross-border, multi-jurisdictional and complex, spanning seven core practice areas: Corporate; Dispute Resolution; Employment; Impact; Innovation; Private; and Real Estate.
The Mishcon de Reya Group includes consultancy businesses MDR Discover, MDR Mayfair (in London, Singapore and Dubai), MDR ONE, MDRi (in Hong Kong) and MDRx. The Group also includes MDR Lab, which invests in the most promising early stage legaltech companies as well as the Mishcon Academy, its in-house place of learning and platform for thought leadership.
Earlier this year, the Group announced its first strategic acquisition in the alternative legal services market, flexible legal resourcing business Flex Legal. It also acquired a majority stake in Somos, a global group actions management business.
About MDRi
Based in Hong Kong and with operations in London and Singapore, MDRi is a leading provider of business insights, empowering organizations with data-driven advice to make informed decisions and drive growth.
Through advanced analytics, industry expertise, and innovative methodologies, MDRi uncovers strategic opportunities, mitigates risks, and helps businesses stay ahead in a rapidly evolving marketplace. With a commitment to excellence and client-centricity, MDRi is revolutionizing the way organizations harness insights for success.
Media OutReach
Hong Kong’s Visionaries Invited to Lead the Conversation at ACES Awards 2025

Wave 2 Nominations Now Open
HONG KONG SAR- Media OutReach Newswire – 25 April 2025 – In a city built on precision, resilience and reinvention, Hong Kong’s corporate leadership is entering a new era—where governance, innovation, and sustainability are not just trends, but imperatives. The Asia Corporate Excellence & Sustainability (ACES) Awards 2025 has opened Wave 2 nominations, calling on Hong Kong-based businesses and leaders to benchmark themselves against Asia’s most rigorous awards platform.
Now in its 12th year, the ACES Awards recognises individuals and organisations that deliver performance with purpose and build legacies with integrity.
With 28 ACES Awards earned by Hong Kong-based companies, the city continues to lead in purpose-driven leadership. Among 2024’s honourees:
- Town Ray Holdings Limited – Asia’s Most Inspiring Executives (Hok Keung Luk)
- China Merchants Port Holdings Co. Ltd. – Industry Champion of the Year (Xu Song)
- Henderson Land Development Co. Ltd. – Top Green Companies in Asia (Dr. Lee Ka Kit, Johnny Yu)
“ACES isn’t about popularity or PR—it’s about principles,” said Dr. Shanggari Balakrishnan, President of the ACES Awards and CEO of MORS Group. “Hong Kong’s best leaders don’t just move fast—they move with intent, clarity, and conscience.”
The ACES Awards 2025 takes place 27–28 November, shortly after COP30 in Rio de Janeiro—a timely convergence for sustainability champions. The final host city—Bali, Taiwan, or Malaysia—will be announced in June.
Wave 2 closes April 30, with Wave 3 open until June 2025. Categories include Individual Leadership, Corporate Leadership, and Corporate Sustainability.
To nominate or learn more, visit www.acesawards.com.
Hashtag: #ACESAwards2025 #ACESAwards
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The issuer is solely responsible for the content of this announcement.
About ACES Awards
The Asia Corporate Excellence & Sustainability (ACES) Awards, organised by MORS Group, is a leading platform that recognises businesses and leaders across Asia for their impact in leadership, sustainability, and responsible growth. ACES highlights those driving meaningful change in their industries and communities.
To nominate for the 2025 ACES Awards, contact Rhasvin Sidhu at [email protected].
Media OutReach
Disney’s 20th Anniversary: HKDL Ambassadors Prepare to Pass the Torch

Seeking the Next Ambassador to Continue the Mission of Spreading Magic and Helping Others
Hashtag: #HongKongDisneylandResort
The issuer is solely responsible for the content of this announcement.
Media OutReach
Claim Your Golden Delights With DFS

Indulge in Extraordinary Rewards & Experiences This May Golden Week
HONG KONG SAR – Media OutReach Newswire – 24 April 2025 – This May Golden Week, let DFS —the world’s leading luxury travel retailer, elevate your shopping journey with curated moments of self-delight. From tranquil moments in our Fragrance Wonderland and family adventures in teamLab Future Park, to exquisite gifts for loved ones and unique treasures that reflect your personal style, every experience across DFS network is designed to surprise and inspire. Enjoy exclusive rewards, limited-time perks, and joyful discoveries from April 25 to May 6— only at DFS.
Hong Kong & Macau: A World of Multi-Sensational Delights
Immerse yourself in a symphony of sensations at DFS Hong Kong and Macau, where every moment is designed to ignite your senses and create lasting memories.
- Time It Right To Win: Turn your shopping into a winning moment. Spend HK$888 or MOP 888 in a single net transaction and take on the “Time It Right To Win” challenge. Experience the adrenaline rush as you stop the digital screen at “8888” for your chance to win a 999.9 gold ingot or one of many fabulous prizes worth over HK$1,000,000 or MOP 2,500,000! *
- Beauty In Play: Discover where luxury beauty meets light-hearted fun. With the purchase of the exclusive Lancôme Absolue set at DFS Macau, Shoppes at Four Seasons, receive a limited-edition Lancôme x Monopoly game set. Experience a different dimension of beauty through luxurious sensations and a new playful take on our beauty counters.
- Explore Your One-Stop Fragrance Wonderland: Treat yourself to a sensory journey with over 900 curated fragrance selections. Whether you’re layering signature blends or discovering your next signature fragrance, let our fragrance experts guide you through an experience that’s uniquely yours.
- Glow With Confidence: Transform your look with complimentary makeup demonstrations by our expert beauty advisors. Let us help you discover your radiant best! Join us at DFS Macau, Shoppes at Four Seasons, City of Dreams or Galaxy (Beauty), from April 25 to May 5, at 3 PM, 4 PM and 5 PM, or DFS Hong Kong, Canton Road at 3:30pm on April 20 and May 4+. From now until May 5, enjoy up to 65% off on beauty products at DFS Hong Kong, Canton Road, Tsim Sha Tsui East or Causeway Bay (Beauty)! Plus, receive a Beauty Blind Box (valued at HK900) with a minimum purchase of HK$1,888*.
- Savor Local Delights: Complete your golden journey with a taste of Hong Kong’s most beloved flavors. Indulge in crispy French toast, freshly baked egg tarts, and velvety milk tea at Men Wah Bing Teng, or unwind with a perfectly brewed coffee at NOC in DFS Hong Kong, Canton Road. Pause, relax, and savor a day filled with flavor and delight.
Okinawa: Discover Your Island Delights!
Enjoy everything that Okinawa has to offer as we celebrate the 20th anniversary of DFS Okinawa, Naha City. Join us in marking this milestone with unique experiences, curated treasures, and moments that honor two decades of unforgettable journeys.
- A Taste of Celebration: Step into an exclusive marché curated by DFS Okinawa Naha City and THE MARKET, where local flavors meet artisanal crafts. Savor authentic Okinawan delicacies and explore traditional handmade creations, offering you a unique taste of the island’s rich culture.
- Welcome to Le Labo: Be among the first to experience our newly opened Le Labo pop up store — where artisanal perfumery meets soulful craftmanship. Receive a complimentary gift with your purchase and step into the exclusive world of fine perfumery, available exclusively only at DFS Okinawa.
- Family Adventure Time: Make magical memories at teamLab Future Park, where interactive digital art brings wonder to life. From lights to laughter, it’s a playful experience not to be missed for kids and kids at heart.
- Sweet Celebratory Treats: Add a sprinkle of fun to your visit! From May 1–5, try our bubble catcher and receive complimentary gifts with a JPY 50,000 purchase in kids’ fashion. Plus, visit two or more departments and join our Fukubiki lucky draw for a chance to win even more celebratory prizes*!
North America: Turn Airport Time into Me-Time
Make the most of your pre-flight moments at DFS stores in John F. Kennedy International Airport, Los Angeles International Airport, and San Francisco International Airport—where airport time becomes your time. From last-minute indulgences to thoughtful pre-planned picks, discover a travel retail experience designed around you.
- Smart Shopping, More Time for You: Simplify your journey with our convenient pre-order service: browse and shop online, then collect your items at the terminal before departure. Enjoy duty-free privileges and more time to relax before takeoff.
- A Taste of New York Excellence: At JFK Terminal 4, discover the exclusive Maker’s Mark Wood Finishing City Series – New York. Enjoy a Gold Rush cocktail and receive a special NYC-exclusive gift—crafted to elevate your New York send-off.
- Treasures for Your Journey: Find your perfect travel companions—from hot fragrance deals starting at US$29 to destination-exclusive souvenirs and gifts. Whether it’s a new signature scent or a keepsake to remember your trip, DFS has your journey covered.
Make Your Golden Week Shopping More Rewarding
This Golden Week, enjoy more value with every purchase at DFS. We have partnered with leading payment providers to bring you exclusive offers across our global destinations—designed to make your travel shopping even more delightful.
Payment Partner | Offer Details |
Alipay |
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American Express |
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Mastercard |
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DFS CIRCLE Members, Enjoy Even More
Feel extra special as a DFS CIRCLE member with exclusive benefits including bonus points, member-only offers, and elevated experiences across all DFS locations. Not yet a member? Sign up at DFS.com to unlock a world of privileges.
* Terms & Conditions apply. Prizes vary between stores and are of limited quantities only, while stocks last. Visit DFS.com for more details. + Payment promotions and in-store happenings schedule vary between stores, please see store for details.
Hashtag: #DFS
The issuer is solely responsible for the content of this announcement.
ABOUT DFS
DFS: Your Personal Guide to The World of Luxury
DFS Group is the leading luxury travel retailer. Established in Hong Kong in 1960, DFS Group continues to be a pioneer in global luxury travel retail, offering its customers a carefully curated selection of exceptional products from the most desired brands. Its stores are present in major global airports and downtown locations. DFS Group is privately held, and majority owned by the world’s largest luxury conglomerate, Moët Hennessy Louis Vuitton (LVMH), alongside DFS co-founder and shareholder Robert Miller. DFS Group focuses on creating inspiring omnichannel retail experiences for its customers and is headquartered in Hong Kong SAR.
For more information, please visit www.dfs.com.
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