Hong Kong
Hong Kong insurance complaints drop 10.6% in 2023
Hong Kong insurance complaints drop 10.6% in 2023
H1 2024 also recorded an 11.9% reduction in complaints.
Hong Kong insurer offers MTR mobile users 45% premium discount
Users may earn MTR Points worth up to a $300 MTR fare discount.
Only 33% of Macau insurances cover Chinese medicine
Over half identified high medical costs as a barrier to medical freedom.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
Hong Kong insurance market remains ‘soft’ in Q2 2024
Overall pricing remains competitive as new businesses emerge.
HKMCI introduces flexible rental options for homeowners
This aims to help homeowners with their needs.
No lifetime cap on Bupa’s latest medical insurance plans
It has annual benefit limits ranging from HK$5m to HK$10m.
What risks insurers warn of in evolving motor insurance sector
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
AXA launches first heatwave parametric insurance
It aims to provide protection to employees exposed to outdoor conditions.
HKIA fines AIA International $3.0m for AML lapses
The insurer said conclusions were technical in nature with no findings of money laundering activities or inappropriate onboarding.
HKIA bans four, fake certificates in agent applications
Three of the individuals presented certificates from a non-existent university in China.
HKIA sets fees for insurance intermediary licences from September
It plans to use the fees for enhanced public education and training.
MSIG HK achieves highest claims settlement since 2020
Compared to the previous year, the claims settlement ratio was at 92.9%.
Post-rebrand Chow Tai Fook Life launches wealth coverage
It integrates savings, wealth planning, and life insurance into one plan.
FWD and ESDlife debut health and wellness platform
The insurer saw health insurance claims surge last year by 18%.
AXA HK, Macau unveil new travel insurance via partnership
It offers coverage in personal liability of up to $260m.
FWD Group's earnings set to improve, says Moody's
Geographic diversification of VONB sources has also improved.
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She examines technological changes affecting actuarial work and emerging trends that are currently shaping the insurance industry.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness