Hong Kong regulator sets ‘comprehensive’ review of medical insurance costs

Hong Kong’s Insurance Authority aims to increase transparency and the available range of medical insurance products to address rising costs, while also reviewing regulations with an eye towards attracting more international life-insurance buyers. “We would like to see the insurance companies introduce more medical insurance products that are more accessible and affordable for the general public, with sales practices that are fair to consumers,” said Clement Lau Chung-kin, the authority’s...