Country Profile on Hong Kong:Taking the Lead in Asia
Source: Asia Insurance Review | Nov 2008
Hong Kong’s contracting market, waning opportunities, and tight competition makes the option of consolidation an appealing or even inevitable recourse especially for the small market players. However, Hong Kong still seems to have a leadership role and edge in Asia. The health insurance industry is expected to soar with the implementation of healthcare reform, and the rapidly ageing population has made insurers gear up to tap into these lucrative markets. Moreover, life players still seem to be doing well in terms of profitability.
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