A third of international insurers may downsize their Hong Kong operations as staff head for exit amid tough Covid-19 restrictions, survey finds

Almost a third of international insurance companies in Hong Kong are considering downsizing their operations because of a shortage of talent exacerbated by the city’s strict Covid-19 policies, according to a survey by the Hong Kong Federation of Insurers (HKFI).Some 30 per cent of respondents said they are thinking about relocating their global and regional teams, leaving just staff focused on the Hong Kong market.The insurance sector is the latest to voice concerns about the “brain drain”…

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