Hong Kong looks to technology as public ignorance and apathy leave city with US$885 billion shortfall in mortality protection

Source: Tech – South China Morning PostHong Kong faces a mortality protection gap of HK$6.9 trillion (US$884.6 billion), which could cause many families undue financial trouble in the event of the death of the main earner, according to the Insurance Authority’s first study on the subject.To raise awareness about insurance protection, the authority plans to introduce a free online tool to allow people to calculate their insurance protection needs by the end of the year, a senior executive said.While Hong Kong had the highest…Read More

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