Hong Kong
FTLife rebrands as Chow Tai Fook Life Insurance
It also unveiled a new membership programme.
Manulife Hong Kong partners with T. Rowe Price on new income fund
It aims to pay a monthly dividend with the latest annualised yield for Class Ax at 6.89%.
PICC Group's sole overseas entity enhances PICC HK
Last year PICC HK returned to profitability.
Bowtie, Merck partner for Hong Kong fertility subsidies
Over two-thirds of respondents feel work pressure affects their desire to have children.
Hong Kong’s cyber incidents call for robust protection
Last year alone 7,752 security incidents were recorded.
FundPark, HKECIC bare pioneering effort for insured growth for Hong Kong SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
Prudential braces for significant H1 2024 market headwinds
The group expects a 32.1% margin.
AIA teams with BlackRock, BNY for scalable investment ecosystem
It will use BlackRock’s Aladdin technology with BNY’s data management.
Insurance agent barred for misappropriating funds
He allowed premiums totalling $4,623 to be deposited into his bank.
High costs, limited insurance coverage impede medical freedom in HK
Residents need $6.7m to achieve medical freedom.
Lockton Companies Hong Kong wins Insurance Asia Awards 2024 for taxi insurance project
It has partnered with TaxieCo to revive the taxi insurance industry, which has been recovering from underwriting losses.
Prudential reels in new group chief agency officer
He has over 24 years of experience in the industry.
HKFI launches check scheme for insurance agents
The scheme aims to prevent problematic agents from moving between firms.
AXA launches hospital cash plan for simplified coverage
Customers can receive $130 (HK$1,000) per day as a hospital income benefit.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
New pet critical illness cover introduced in Hong Kong
It is available to pets of any age and breed, for an annual fee of $14.40.
Commentary
AI isn’t replacing insurance, it’s finally making it work