Enriching Lives: A History of Insurance in Hong Kong, 1841-2010
Bangyan Feng Mee Kau Nyaw and Mee Kau Nyaw
Abstract
Insurance is one of Hong Kong's oldest industries. In the nineteenth century, the lucrative trade between China and Europe carried many risks—piracy, warfare, fire, loss of goods, and other mishaps. Dozens of different insurance firms—some home-grown, others imported—established themselves in the colony to protect ships and their cargoes. With the diversification of Hong Kong's economy into manufacturing and services, Hong Kong became a global center of insurance, and the industry continues to transform itself today through changing practices and new lines of business. This is the first histor ... More
Insurance is one of Hong Kong's oldest industries. In the nineteenth century, the lucrative trade between China and Europe carried many risks—piracy, warfare, fire, loss of goods, and other mishaps. Dozens of different insurance firms—some home-grown, others imported—established themselves in the colony to protect ships and their cargoes. With the diversification of Hong Kong's economy into manufacturing and services, Hong Kong became a global center of insurance, and the industry continues to transform itself today through changing practices and new lines of business. This is the first history of Hong Kong's insurance industry, and it argues its central importance in the economy. Typhoons, shipwrecks, fires, wars, political turbulence, and unexpected events of all kinds provide a dramatic background to this survey, which is illustrated with photographs and documents.
Keywords:
insurance industry,
Hong Kong,
economy,
typhoons,
shipwrecks,
fires,
wars,
political turbulence
Bibliographic Information
Print publication date: 2010 |
Print ISBN-13: 9789888028702 |
Published to Hong Kong Scholarship Online: September 2011 |
DOI:10.5790/hongkong/9789888028702.001.0001 |