Hong Kong insurance sector to sustain growth

S&P rates the sector as stable for 2004-2005.

Hong Kong's insurance industry is poised for a sustained period of relative stability, according to international rating agency, Standard Poor's. Despite the perennial threat of earnings pressure, low interest rates and volatile investment markets, SP expects the sector to achieve satisfactory growth through to 2005. According to its findings, the ratings agency predicts that the drivers that will characterize the sector's growth are related to the low insurance penetration numbers on the life side and improved pricing and reserving...

To continue reading, please login or register for free

Click for more on: hong | kong | insurance | sector | sustain | growth

Print Edition

FinanceAsia Print Edition