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Protests hurt Hong Kong's insurance industry

Posted On: Sep. 13, 2019 6:19 AM CST

Protests

The unrest in Hong Kong has hit the country's insurance industry as prospective Chinese customers are avoiding the city-state after protesters disrupted transport services and engaged in violent clashes with police, Bloomberg reports. This has affected insurance sales because industry rules require policyholders to be physically present in Hong Kong before a contract can be finalized.

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