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Hong Kong’s HNW life insurance market sees “especially steep” competition as new entrants emerge, says CEO

Amid a surge in the number of insurers playing in Hong Kong’s high net worth (HNW) life insurance market, competition became “especially steep” last year, says Marc Lieberman, president and CEO of Transamerica Life Bermuda. A HNW life insurance survey conducted last year by Asian Private Banker, in partnership with Transamerica Life Bermuda, found that at least nine new insurance…

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