Hong Kong, the umbrella uprising is costing insurers 129 million USD

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According to Hong Kong Insurance Practitioners General Union, the insurance business has sustained about 129 million USD of losses following the pro-democracy protests that broke out on 26 September 2014.
The umbrella uprising, October 2014 © Citobun, CC BY-SA 4.0

The said umbrella revolution has led to a decline in the number of tourists, especially from China. These tourists account for 18% to 20% of insurance policy sales in Hong Kong. That is how insurance agents came to notice the 20% decrease of their underwritings.

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Wed, 26/11/2014 - 11:45
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