The value of such policies sold to mainland customers tripled last year from 2021, according to figures released on Friday, as the gradual easing of strict travel restrictions late in the year allowed cross-border traffic to resume.
And things are only getting better, according to Hong Kong based insurers.
“In February, we have seen applications from mainland customers already surpassing pre-pandemic levels,” said Edward Moncreiffe, CEO for Hong Kong operations at HSBC Life.

02:07
Chinese retirees hold rare protest over cuts in healthcare insurance
Chinese retirees hold rare protest over cuts in healthcare insurance
The company was the number one seller of life insurance policies last year with a market share at 24 per cent by new premiums, Insurance Authority data showed.