Country Profile -Hong Kong: New mechanics in dynamic Hong Kong
Source: Asia Insurance Review | Jun 2011
Hong Kong may be a mature insurance market, but there are still many new approaches that the regulator and players are looking into to improve the still-expanding market.
The regulator launched three major public consultations, seeking feedback on the IIA, HPS and PPF. In the marketplace, competition continues to be fierce for both the life and non-life segments, but optimism still rules the air while reinsurers are slightly more cautious.
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