Wealthy investors’ policy purchases propel Hong Kong life insurance sales to another peak

Life insurance sales in Hong Kong rose 56 per cent in the first nine months of last year to another record as affluent customers continued to buy policies in the city for wealth transfer, protection and medical needs. The industry wrote HK$264.5 billion (US$34 billion) worth of new policies from January to September, compared with HK$169.6 billion a year earlier, according to data from the Insurance Authority on Friday. It was the highest figure for the corresponding period since the authority...