Taking cover in Hong Kong

A slew of factors drives coverage seekers away from the mainland

Hong Kong's retail industry may be in pain due to the dwindling number of tourists from the mainland, but the special administrative region's insurance sector is doing well on the back of support from mainland consumers.

Nothing reflects this trend better than insurers operating out of Harbour City, the popular shopping mall in Tsim Sha Tsui area of Hong Kong. Here, it is common to find mainland buyers in serpentine queues waiting to buy new insurance policies.