Insurance in Hong Kong
Hong Kong is a leading insurance center in Asia with a stock of $4.1 billion in foreign direct investment at the end of 1998.
Many foreign insurers and reinsurers, most in the business sector, have positioned to expand their market share in Hong Kong because there is a more liberal regional insurance market after the 1990 Asian financial crisis. China’s accession to the WTO helped accelerate this process
The US and the UK are among HongKong’s insurers as well as other big players in the market. The top 10 insurers take more than one third of the general insurance market while the top 10 long term insurers have more than 80% of the long term insurance market.
