The number of insurance agents in Asia could halve over the first five years as digital sales take over their commissions and experienced agents approach retirement, according to Aviva CEO Mark Wilson. This comes as new Chinese regulations are making it harder for those living in the mainland to buy insurance from agencies based in Hong Kong to prevent excessive outflows.
The number of insurance agents in Asia could halve over the next three years as digital sales take over their commissions and experienced agents approach retirement, according to Aviva CEO Mark Wilson. This comes as new Chinese regulations are making it harder for those living in the mainland to buy insurance from agencies based in Hong Kong to prevent excessive outflows.