Vehicles seen partially submerged during rainstorms in Hong Kong in May, 2017. The gross value of insurance policy premiums in 2016 stood at HK$448.8 billion (US$57.55 billion), up 763 per cent from HK$52 billion in 1997, according to official figures. Photo: SCMP Handout

Mainland appetite fuels ninefold growth in Hong Kong’s insurance sector in 20 years

Acquisitive mainland firms see Hong Kong-based insurance companies as a short cut to entering the city’s financial services sector

Topic |   Hong Kong handover 20th anniversary

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Vehicles seen partially submerged during rainstorms in Hong Kong in May, 2017. The gross value of insurance policy premiums in 2016 stood at HK$448.8 billion (US$57.55 billion), up 763 per cent from HK$52 billion in 1997, according to official figures. Photo: SCMP Handout
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