Source: China – South China Morning PostHong Kong’s insurance business may expand by a compounded 55 per cent over the next eight years, driven by the so-called silver economy serving senior citizens and growth in the Greater Bay Area, industry experts said on Tuesday.
Gross insurance premium in the city may jump to US$127 billion by 2032 from last year’s US$82 billion, said Steve Finch, Manulife Financial’s Asia president, citing industry forecasts.
That growth is enabled by the “depth and sophistication of Hong Kong’s insurance…Read More