| Abstract | Infrastructural construction and rising demand for medical insurance are likely to sustain general insurance business in the years ahead. However, its performance is expected to be hampered by a number of factors, including a proposed new requirement relating to onshore assets, high levels of awards and damages, and a diminishing capacity for reinsurance. The growth momentum of life insurance is expected to continue, as the Hong Kong market is still far from saturation. Competition is likely to intensify as policy holders become more selective and as a greater number of foreign life insurance companies enter the market. |
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