Hong Kong
Towngas, FSE Nova commit to expanded insurance cooperation
Towngas, FSE Nova commit to expanded insurance cooperation
It plans to invest more resources to offer insurance broker services to Towngas’ customers in HK and the mainland.
HKIA alerts on fraudulent payment invoices
The HKIA not issue invoices for anything named "Insurance Authority Certificate" or "Capital Insurance Certificate."
AIA launches new health plans in Greater Bay Area
The three new plans offer compensation, home visits, and outpatient coverage.
Manulife’s Genesis offers long-term wealth transfer
The plan promises up to 4.29% TIRR in 10 years.
HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.
Joseph Chan touts Hong Kong as top ILS issuance centre
The insurance authority hosted its first ILS conference last week.
HKIA, ICAC target suspected unlicensed insurance sales to mainland China
The first joint operation led to the arrest of a broker and a referrer.
AM Best projects “modest profitability” for Tugu Insurance
The company’s financial performance was mixed in 2023.
HKIA launches anti-scam charter with financial regulators
The initiative involves 230 participating institutions.
9 in 10 ‘pawrents’ don’t have insurance for their pets – Prudential
Prudential policyholders are mainly concerned about timely emergency treatments and affordability.
Unethical conduct results in harsh HKIA ban
The agent was found pocketing a policyholder’s deposits, causing a policy relapse.
HSBC taps Ed Moncreiffe as CEO of Global Insurance
He replaces Greg Hingston, who is leaving the firm to explore other opportunities.
FWD Hong Kong jumps twofold in new business APE in 2023
New business case count increased by 24% YoY.
AXA launches new deferred annuity plan for retirement
Policyholders can withdraw guaranteed monthly annuity payments from age 50.
Sun Hung Kai Properties Insurance de-risking exposure improves bond credit quality – AM Best
The insurance company de-risked majority of its bonds in China in 2023.
HKIA and HKPF inks MOU on a joint framework for legal services
The agreement will ensure the insurance market’s reliability and security.
Prudential's Asian life business beats expectations with $3.1b NBP
Jefferies expects Prudential to exceed medium-term growth targets.
Commentary
Rethinking insurance for the masses
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