Hong Kong
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.
HK's new legislation welcomed by insurance industry
The legislation advocates for international insurers to re-domicile in Hong Kong.
Sun Life debuts comprehensive ECO system for wealthy families
The insurer is partnering with HealthMutual Group.
Bupa's $180m in cancer claims leads to new service
Cancer accounts for one in 10 health insurance claims.
Hong Kong begins risk-based capital regime for insurers
This follows the enactment of the Insurance (Amendment) Ordinance 2023.
HKIA finds firms adhere to new premium financing rule
However, the inspection also identified several areas needing improvement.
Chubb Life to focus on steady profit in Asia
This is supported by stable business growth and risk control in Hong Kong market.
AXA Hong Kong’s new plan covers 135 critical illness
This series provides up to 1,300% of the sum insured for major illnesses.
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1. India's life insurance growth slows to 10.6% in October 2. bolttech secures $50m venture debt from HSBC, expands market 3. Life insurance premiums forecast to grow by 3% yearly until 2026 4. Prudential launches AI lab in Singapore 5. Japan’s life insurance slated for 4.7% CAGR through 2029Resource 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.
