Q1: Which factors will cause an increase in the demand for life insurance of Hong Kong people and Mainland visitors?
A1: Income, Education, Population, Elderly dependency ratio
Q2: Why there is no relationship between the demand for life insurance of Hong Kong people and urbanization rate in Hong Kong?
A2: Urbanization rate in Hong Kong was 100% in the past two decades.
Q3: Why the depreciation in RMB would lead to an increase in demand for life insurance of Mainland visitors?
A3: As life policies in Hong Kong are denominated in Hong Kong or US dollars, Mainland visitors would buy them to hedge against their currency risk.