Hong Kong insurers' premiums rise 12%

Posted On: Jun. 7, 2019 6:14 AM CST

Hong Kong's insurance regulator said that local insurers' gross written premiums grew more than 12% year over year to nearly $149 billion Hong Kong ($18.9 billion) in the first quarter, International Investment reported. The Insurance Authority also said that it is looking to gain approval for Hong Kong insurers to set up service centers in mainland cities in China's Greater Bay Area.