Risk and Insurance Implications of Recent Events in Hong Kong and Macau

Marsh Hong Kong and Macau CEO, Rohan Bhappu spoke with InsuranceAsia News about the past eventful 18 months in the two Special Administrative Regions (SARs).

Hong Kong saw dramatic protests in 2019, and this year, after an initial period of calm at the start, the city has been grappling with Covid-19, a deep recession, and strict travel restrictions. One example of changing travel patterns is the lack of ferries going between Macau and Hong Kong – normally there is at least one every 15 minutes but instead they all sit idle. On the plus side for Macau, the SAR has now opened a travel bubble with mainland China.

Rohan Bhappu shared how these events have been impacting brokers – and how clients have been responding, including which covers they have been prioritizing.

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