Hong Kong Insurance Q2 2019
By any metric, Hong Kong's insurance sector is very well developed. Nevertheless, it is still possible to identify multiplegrowth drivers in both of the main segments and in the majority of the sub-sectors of the non-life segment. Life insurers will benefitfrom the persistently high savings rate, the attractions of Hong Kong to the wealthy of mainland China as an international financialcentre, and from government initiatives to promote private health insurance. Hong Kong-based reinsurers appear to be advantagedby recent regulatory changes in mainland China. The non-life segment's prospects are helped by Hong Kong's position as a servicescentre for greater China (and/or the wider Asia-Pacific) and by innovation on the part of the insurance companies themselves.
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