Hong Kong
Crawford announces new Hong Kong manager
Crawford announces new Hong Kong manager
He currently manages the Taiwan unit of Crawford & Co.
Interest in GBA retirement high, yet insurance needs underscored
An AIA Hong Kong survey showed nearly 40% of the respondents want to retire in GBA cities.
Only a fifth of Hong Kong’s SMEs are insured against income loss
Almost eight of 10 SMEs prefer tailored insurance packages which cover various business risks.
Hong Kong slams prohibition orders on former agents
Three agents committed separate crimes such as falsified accreditation and unauthorised benefit transfers.
Heng An Standard Life backs Hong Kong's new investment scheme
It also introduced five new long-term insurance and wealth management services.
Hong Kong Federation of Insurers leads climate charter amongst industry
33 companies have joined HKFI’s inaugural climate charter.
AIA HK, Macau CEO backs finance secretary's budget for financial sector
The insurer suggests tax deductions for insurance premiums to incentivise individuals to prioritise health protection.
SHKPI's capital buffer expected to rise in extreme scenarios – S&P
The insurer’s modest capital size presents vulnerabilities, assessed S&P Global.
HK pushes for ILS via regulatory regime, grants HK$100m for financial industry
The finance secretary also promises to transform into a global hub for supply chain management, thus ensuring coverage by an export credit insurance corporation.
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.
Commentary
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