AIR+17 Mar 2022

Mainland Chinese visitors turn to Macau to buy policies

| 17 Mar 2022

Life insurers such as Manulife and AIA have seen an increase in mainland Chinese visitors (MCV) buying policies in Macau over the past year. After the border between Macau and mainland China re-opened in 2021, Manulife's annual premium equivalent sales in the territory more than doubled y-o-y, with sales from MCVs comprising 60% of the total. Similarly, AIA saw annualised new premiums sales from MCVs in Macau more than double in 2021, in part because travel restrictions to Hong Kong are still in place.

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