Country Profile - Hong Kong: Reinsurance: A different approach to business needed
Source: Asia Insurance Review | Jun 2011
Rising retention and business going offshore are leading to lower reinsurance growth in Hong Kong, while rising claims cost and decreased premium volumes have squeezed the underwriting profit of inward reinsurance business. Two top reinsurers believe, though, that opportunities still exist – the industry just needs to respond faster and do business differently.
By Manuelita Contreras
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