Hong Kong unrest rocks insurers’ sales as China buyers balk

HONG KONG: One of the biggest sources of demand for Hong Kong insurance products is drying up as the city’s summer of unrest deters Chinese buyers.

A group of about 80 agents working for one insurer saw their team’s sales to visitors from mainland China fall by almost 30% in August from the previous year, according to a senior member of the group. Sales for September are on track for another tumble, the person said. Two other agents in the city said their business had also fallen steeply after anti-government protests intensified. They all asked not to be named discussing private information.