Cross-border motor insurance may debut in 2015

Owners of motor vehicles registered in Macau may be able to begin buying next year insurance policies that cover their vehicles both in Macau and over the border on Hengqin Island, according to the president of the Macau Insurers Association, Jiang Yi Dao. Mr Jiang said his association was still discussing the terms of such policies with its mainland counterpart, the Guangdong Association of Insurance Industry. Such policies must wait for the mainland authorities to allow Macau-registered vehicles unfettered access to Hengqin.