General insurance stagnant, but buoyed by Mainland infrastructure projects
Source: Asia Insurance Review | Mar 2018
The general insurance market in Hong Kong is still relatively stagnant compared to the long-term business. In 2016, gross premiums of general business recorded a y-o-y decrease of 1% to HK$45.5 billion (US$5.8 billion). While a growth of 5.8% was recorded for the first three quarters of 2017, the growth for direct business was only 2.8%.
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