According to the latest statistics, the average cost of medical insurance in Hong Kong is US$12,585. When compared globally with other neighboring countries, Hong Kong ranks in the world in the rankings of countries with the most expensive international global insurance. It only ranks behind the United States in this statistic. This also means that insurance in Hong Kong is the most expensive among all countries in Asia. This also proves that business insurance in Hong Kong is much more expensive than business insurance in neighboring countries.