Hong Kong Insurance Report Q4 2017
Hong Kong's insurance market is one of the largest and most sophisticated in the region and ispoised for further healthy growth in premiums written. In the life segment, demand is being boosted by highsavings rates, the central role played by insurers in the organised savings landscape and mainland visitors.In the non-life segment, growth has been driven by accident and health insurance. The market is comprisedof major multinationals and strong domestic players.
Key Updates And Forecasts
Regulatory oversight of the sector continues to expand. In late June 2017, the new Insurance Authoritytook overregulation of the insurance sector from the Office of the Commissioner of Insurance. A key taskwill be working with China's regulatory body to ensure that any sales of insurance to consumers frommainland China meet legislative requirements.
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