Growth for insurers

HONG Kong's Export Credit Insurance Corp (ECIC) recorded an eight per cent jump in its insured business to $8,600 million for the six months ended September 30.

ECIC's Commissioner Alice Lai said yesterday there had been positive growth in insured export to countries such as Finland, France, Sweden, Mexico and Panama, with increases ranging from 20 per cent to 50 per cent.

However, business in Asia fell about nine per cent.

The United States remained the largest insured market, accounting for 31 per cent of insured business, while Britain ranked second, representing 19 per cent.

In terms of products insured, garment was the biggest group making up 33 per cent.

Mrs Lai said 'the outlook for the next six months remains positive'.