Country Profile – Hong Kong: General insurance: Good years are still here
Source: Asia Insurance Review | May 2012
Non-life insurers had a good 2011. Good news had abounded in most quarters of last year which saw increases in premiums for accident & health. And with motor and employees’ compensation rates going through corrections and increases, one segment is seeing a rise of as much as 100%. As such, insurers remain bullish about the growth opportunity in the market despite the high level of saturation and the deteriorating economic environment this year.
By Manuelita Contreras
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