Insurance is one of Hong Kong's oldest industries. Within the nineteenth century the profitable commerce between China and Europe carried many dangers — piracy, warfare, hearth, loss of items, and different mishaps. Dozens of totally different insurance coverage companies — some residence-grown, others imported — established themselves in the colony to protect ships and their cargoes. With the diversification of Hong Kong’s financial system into manufacturing and providers, and the event of life and medical insurance insurance policies, Hong Kong turned a worldwide centre of insurance coverage. The business continues to rework itself at this time by way of altering practices and new strains of business. That is the primary complete historical past of Hong Kong’s insurance coverage business, and argues its central significance in the financial system. Typhoons, shipwrecks, fires, wars, political turbulence and sudden occasions of all types present a dramatic background to a captivating survey. The book is richly illustrated with pictures and paperwork.
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