Hong Kong
AIA HK and Citibank donate ARIA test machine to HKLSS, commemorates 10th year
The donation hopes to benefit 3,000 individuals in need of early detection diseases and strokes.
AIA HK and Citibank donate ARIA test machine to HKLSS, commemorates 10th year
The donation hopes to benefit 3,000 individuals in need of early detection diseases and strokes.
AXA Hong Kong revamps multicurrency plan
The upgrade hopes to address flexibility, diversity, liquidity and sustainability concerns.
HKIA announces new executive director
Two executive directors will be appointed soon to oversee long-term and general business.
Mainland Chinese tourists fuel growth in Hong Kong’s life insurance market
The industry will grow 4.1% by 2028 due to more mainland tourists and the super aging population.
Berking Re sits with a stable outlook, pressure from market volatility seen: AM Best
The insurer’s governance and regulatory oversight are expected to adequately protect its capital and assets.
Sun Life HK partners with university to bolster finance skills
It aims to boost the skills of professionals in wealth management, insurance, and financial planning.
Stable investment income shields HLIA against market volatility, driving fiscal optimism
The insurer carries a strong balance sheet, operating performance, limited profile, and appropriate risk management.
HKIA rules face 2024 overhaul, await legislative approval
There are four draft rules covered in the second round of consultation.
Hang Seng Bank launches investment and life insurance plan
70% of Hong Kongers were unprepared for their parents' healthcare costs and children's educational expenses.
WTW welcomes new head of global services and solutions
Clélia Grech will take on her new role with WTW based in Hong Kong.
Prudential Hong Kong is ‘core’ subsidiary in next 2 years – S&P Global Ratings
The Hong Kong subsidiary is seen to contribute 15% to 20% CAGR to the parent company.
Zurich HK partners with Hutchison Telecommunications for travel insurance
The partnership aims to provide customers with a one-stop digital service experience.
HKECIC, Dun & Bradstreet partner to launch Export Credit Risk Index
The index covers five key markets – Canada, China, Germany, the UK, and the US.
HK residents hesitant in long-term financial planning – Prudential
Despite setting savings targets, individuals face challenges in achieving financial freedom, as 52% of their income goes towards daily expenses.
AIA Hong Kong debuts high-return multi-currency plan
Key features include an expected Total IRR exceeding 7%.
FWD HK sees Q3’23 new business climb 25% YoY
It attributed its performance to their focus on the local market, coupled with proactive efforts to meet the demands of the Greater Bay Area.
HKIA stamps six-year ban on ex-agent for embezzlement and mishandling of premiums
The former insurance agent admitted wrongdoing during the IA's investigation.
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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.
