Hong Kong
FWD Hong Kong sees first year premiums surge 33% in H1 2024
FWD Hong Kong sees first year premiums surge 33% in H1 2024
This was higher than the industry average of 12%.
Prudential opens new wealth centre in Tsim Sha Tsui
It has VIP guest rooms, seminar spaces, and a recreational area.
HDI Global names new Hong Kong branch CEO, Director
The new CEO’s role is effective 1 November.
What will drive Hong Kong’s insurance market to reach $127b in 2032?
Chronic diseases and ageing population are driving the demand for life insurance.
ABCI maintains solid capital with reinsurance support in 2023
The regulatory solvency ratio stood at 339%, above the 100% minimum.
Consumer council urges improved insurance amidst increasing cross-border travel
It recommended additional commercial insurance as compulsory alone may be insufficient.
AIA Hong Kong Partners with CUHK Hospital
Eligible customers will receive discounts on specialist consultations.
HKIA promotes captive insurance for overseas energy risks
MM Lee emphasised Hong Kong’s role as an int’l risk management hub.
HK plans streamlined process for overseas insurers amidst stellar performance
Chairman Yiu attributed the industry’s standing to the RBC regime.
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total.
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Both long-term and general business recorded YoY growths.
China Taiping’s net profit leaps 19.4% YoY in H1 2024
EPS stood at HK$1.54.
Peak Re’s capitalisation remains robust amidst strong profits
Its net profit reached $200m in 2023.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
Court penalises agent for premium theft
A client paid $7,693 to the agent, which was later misappropriated.
FWD’s net profit halves in H1 2024
All four geographic business segments delivered operating profitability.
Hong Kong insurance complaints drop 10.6% in 2023
H1 2024 also recorded an 11.9% reduction in complaints.
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