Hong Kong
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total.
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.
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.
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1. Allianz-Income merger in limbo as parties weigh new rules 2. India's life insurance growth slows to 10.6% in October 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. bolttech secures $50m venture debt from HSBC, expands market 5. Life insurance premiums forecast to grow by 3% yearly until 2026Resource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
