Hong Kong
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year.
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year.
Moody's forecasts strong performance for Dinghe Insurance
The ratings agency said Dinghe Insurance’s limited market share outside of CSG's business is seen as a weakness.
Prudential expands medical network with UFH in Greater Bay Area
Prudential will directly settle pre-approved medical expenses with UFH upon completion of treatment.
HKIA’s annual report shows push for global centre status
The report outlined the authority’s initiatives in the past year, including passing the Insurance (Amendment) Bill 2023.
Cross-agency steering group revamps website to boost sustainable efforts
The website also now features sustainability-related data, regulations, news, events, training, and internship opportunities.
HK insurance firms willing to invest in tech attract candidates in the sector
Insurers in Hong Kong earn HK$18,000 to HK$200,000, depending on the applicable department and job role or level.
HKIA warns of risks in premiums financing, “double-edged sword”
The authority urges insurers to seek professional advice before premium financing.
bolttech unveils travel insurance through FWD
Cancellations for any reason is covered by the plan.
Prudential HK makes new appointments in management
Liang Huijia and Cai Mingxiong began their terms last December.
HKIA applauds Article 23 consultation for legal enhancement
This initiative hopes to improve the legal regime of the industry in Hong Kong.
Sunshine Insurance to have strong capital by '23-'24 with $970m bonds
The insurer will likely maintain a large holding of high-risk assets for better yield.
Sun Life HK expands healthcare services for cross-border residents
The high demand for this expansion is driven by demographic shifts and government support for medical collaboration between Guangdong and Hong Kong.
HK regulator sets 50% insurance mandate for cryptocurrency exchanges
Thirteen entities are currently in the application process for virtual asset trading licences.
FTLife taps various industry players to expand business network
The move aims to expand the insurer’s reach in the GBA.
Insurance rides high on surge in Hong Kong travellers
CEO Jim Qin of Zurich Insurance cites a trend for extended vacations among Hongkongers in 2023, boosting travel insurance sales.
HKIA meets with NFRA, eyes bolstering HK and mainland market
HKIA executives and the NFRA minister discussed opportunities within the Guangdong-Hong Kong-Macao Greater Bay Area.
Insurance-linked securities to tackle Asia's growing climate protection gap – HKIA
Hong Kong's potential role in leveraging its mature insurance and capital markets to provide alternative risk transfer tools can address NatCat risks.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of AmericaResource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
