This week in insurance: Bupa HK unveils Blua Health Pass; FWD HK new insurance plan; MS&AD $1.51b net income in Q1

Worldwide, the insurer’s revenue rose 8% on a currency-adjusted basis to $5.92b.

Asia-Pacific's insurance sector from 18 to 22 August saw new health product launches in Hong Kong and mixed corporate earnings across major regional insurers. 

Bupa Hong Kong has rolled out Blua Health Pass, a subscription-based outpatient healthcare product starting at $32.5 (HK$250).

The plans provide access to general practitioners, specialists, physiotherapists and Traditional Chinese Medicine practitioners through the Blua Health app.

Meanwhile, FWD Hong Kong has launched the One&All Medical Insurance Plan, a new product aimed at addressing gaps in Hong Kong’s healthcare protection, particularly self-financed treatments in public hospitals and imaging tests often referred to private facilities.

In the corporate earnings space, MS&AD Insurance Group Holdings Inc. reported fiscal first-quarter net income of $1.51b (¥222.7b), up from $1.39b a year earlier, driven by higher underwriting profit and fewer natural catastrophe and large losses.

Sumitomo Life’s consolidated insurance premium income fell 4.5% year-on-year to $5.29b (¥777.6b) in the first quarter of fiscal 2025, mainly due to a 12.6% decline in foreign currency-denominated single premium products.

Elsewhere, HDI Global SE reported higher revenue and net income in the first half of 2025, driven by growth in new business across all lines.

Worldwide, the insurer’s revenue rose 8% on a currency-adjusted basis to $5.92b (€5.1b), compared with $5.57b (€4.8b) a year earlier.

Conversely, AIA Group Limited’s first half (H1 2025) net profit contracted by 23.5% on a year-on-year (YoY) basis, to $2.53b.

Basic earnings per share stood at 23.83 US cents, dipping by 19.3%.