Hong Kong
Willis appoints Steve Hutchinson as P&C head for HK, Macau
Willis appoints Steve Hutchinson as P&C head for HK, Macau
He was previously Chief Broking Officer at Howden Insurance Brokers in Hong Kong.
MoneyHero launches integrated car insurance platform with bolttech
The new service allows customers to compare real-time quotes.
Travel insurers cut benefits for seniors and children in Hong Kong
Premiums ranged from $145 to $509 for a 7-day trip in Asia.
Hong Kong boomers concerned over cross-border health insurance claims
Over a third of boomers plan to retire outside of Hong Kong and Macau.
AM Best expects CMB Wing Lung Insurance's capital strength to continue
The insurer’s capital and surplus rose to $400m (HK$3.1b) at the end of 2023.
Hong Kong expands ECIC cover with SME export support
ECIC will extend free pre-shipment cover for holders of its Small Business Policy.
AXA launches digital insurance with Ant Bank, AlipayHK tie-up
It will use AXA’s portfolio and Ant Bank and AlipayHK’s “E-wallet X Digital Bank”.
Prudential debuts wellness support for children
The platform was introduced alongside Prudential Entrust Multi-Currency Plan.
HKIA considers smoothing mechanism for insurance commissions structure
It also reported a 99.9% compliance rate with Continuing Professional Development (CPD) requirements.
1 in 5 HK execs rate financial crime compliance programmes effective
Key challenges include a lack of technology and investment.
Sun Hung Kai Properties Insurance keeps strong underwriting profitability
It also outperformed industry peers, AM Best notes.
Cathay and Zurich collaborate for insurance and rewards programme
This will allow Cathay members to access insurance whilst earning air miles.
HKIA sets 6% illustration rate cap on HKD policies
Caps apply only to internal rate of return used in benefit illustrations at the point of sale.
CTF Life earns SBTi approval for its carbon reduction targets
It targets to reduce absolute Scope 1 and 2 GHG emissions by 37.8% by 2029.
CTF Life launches outpatient insurance for GBA travel
The plan utilises the medical network of The GBA Healthcare Group.
Prudential adopts NFC tech for faster client onboarding
The e-KYC will be integrated into PRUSubmit.
FuSure Reinsurance obtains Composite License from Hong Kong
The company is also exploring health, auto, pet, cybersecurity, and liability insurance.
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