Hong Kong insurance industry to stagnate in 2020

The economic impact of the Covid-19 outbreak is predicted to result in the Hong Kong insurance industry stagnating in 2020, according to GlobalData. It said the total insurance premium, which grew by 6.3% in 2019 to HKD552bn, is expected to grow by just 1.46% in 2020 to HKD560bn. The industry is set to bounce back in 2021, with a forecast…

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