The maiden battle for the newly-established Insurance constituency has lured four candidates, all senior staff from leading firms. A close contest is expected with the electorate limited to 196 insurers. The Liberal Party's Chan Yim-kwong works for National Mutual Insurance and Alex Wong Po-hang, who is unaffiliated, for American International Assurance, both major life insurance companies. Steven Lau Hon-keung, of Union Insurance, and fellow unaffiliated contender Bernard Charnwut Chan of Asia Insurance, manage general insurance business involving property, vehicles and miscellaneous cover. Mr Chan Yim-kwong and Mr Wong both deny the existence of commercial competition in the contest. 'Large firms don't need legislative representatives to aid their business,' Mr Chan Yim-kwong said. But Mr Bernard Chan said most small firms worry about possible large-firm monopoly and that the voices of small insurers may not be heard. Mr Bernard Chan's company is a leading local insurer owned by his father, National People's Congress deputy Chan Yau-hing, but is smaller than the foreign companies. 'General insurers won't vote for life insurers. They do very different business,' he added, saying that about two-thirds of the electorate were general insurers.