News Non-Life30 Nov 2020

Hong Kong:Regulator warns insurers against illusions of underlying risk exposure improving

| 30 Nov 2020

While the overall underwriting profit in the general insurance sector in Hong Kong rose to HK$624m ($81m) for the first half of 2020 from HK$432m for the corresponding period last year driven by direct business, the Insurance Authority (IA) warns that cautious interpretation is required on the improvement of direct business underwriting profit.

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