US EditionHong Kong Insurance Market Aims for 55% Growth by 2032, Driven by Aging Greater Bay
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Hong Kong Insurance Market Aims for 55% Growth by 2032, Driven by Aging Greater Bay
Hong Kong insurers are reporting strong sales, with new life insurance policies reaching a record of HK$219.8 billion (US$28.34 billion). Hong Kong’s insurance company may rise by a compound annual growth rate of 55% over the next eight years, propelled by the Greater Bay Area’s growth and the so-called silver economy catering to elderly citizens. Based on Industry forecasts, Steve Finch, president of Manulife Financial‘s Asia division, states t…
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