Britain’s Prudential Opens Macao’s Second Life Insurance Operation in 20 Years

British insurance giant Prudential Plc opened a Macao branch Monday, becoming the second life insurer to launch activities in the special administrative region in two decades.

Although Macao’s insurance market is still small, it is becoming a new option for some Chinese mainlanders. During the pandemic, Hong Kong closed its border with the Chinese mainland, prompting some mainland insurance shoppers turn to Macao.