Hong Kong
AIA Hong Kong debuts high-return multi-currency plan
Key features include an expected Total IRR exceeding 7%.
AIA Hong Kong debuts high-return multi-currency plan
Key features include an expected Total IRR exceeding 7%.
FWD HK sees Q3’23 new business climb 25% YoY
It attributed its performance to their focus on the local market, coupled with proactive efforts to meet the demands of the Greater Bay Area.
HKIA stamps six-year ban on ex-agent for embezzlement and mishandling of premiums
The former insurance agent admitted wrongdoing during the IA's investigation.
Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate contraction pains.
HKIA flags fraudulent activity
The mentioned company is neither an authorized insurer nor a licensed insurance intermediary under the Insurance Ordinance (Cap. 41).
Shareholder support, markets seen to boost Qianhai Re’s capital structure: AM Best
Despite earnings decline in 2022 due to negative changes in investment valuations amid capital market volatility, QHR has remained profitable over the past few years.
Hong Kong virtual insurers need to be ‘extra user-friendly’ – Consumer Council
The council urged the industry to enhance website functions and improve the disclosure of privacy policies to enhance consumer confidence in virtual insurance products.
Hong Kong digital insurer secures partnership, enters UAE market
This partnership aims to bolster support for web3 entities, including banks, custodians, and asset managers across the Middle East.
Investment income to steer China Taiping Insurance’s bottom line: AM Best
CTPI is expected to maintain a prudent investment strategy and stringent risk management in the future.
BOC Life’s outlook turns sour: Moody’s
Downgrade risks include failing profitability, capital adequacy, a downgrade of BOC Hong Kong's rating, and a decline in the ability or willingness of shareholders and affiliates to provide support.
Two extreme typhoons push claims incurred to HK$1.9b – HKIA
Property damage and motor businesses were the two most affected lines of business.
HKIA seeks public input on subsidiary legislation for risk-based capital regime
This consultation comes after the implementation of the Risk-based Capital (RBC) regime.
7 out of 10 HK’ers prefer to have private health insurance for improved wellbeing: Survey
High stress and burnout were expressed by Hong Kongers which resulted in the decline in vitality levels.
HKIA warns of fake insurers on social media
Scammers posed to be representatives of Dah Sing Insurance and sold motor insurance products.
HK’s total gross premiums dip 1% in the first nine months
Hong Kong’s long-term or life business experienced a contraction, whilst the general business witnessed growth.
WTW taps new executive director of large accounts practice HK, Macau
Ellen Fung will focus on elevating the Hong Kong market across various lines of WTW business.
Prudential HK teams up with local hospitals to launch new cancer service
It offers exclusive medical concierge services, amongst other benefits.
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1. 25% of employers to enhance insurance coverage in the next two years 2. Allianz Partners collaborates with MoneyHero for travel insurance 3. MAS slaps 12-year ban on ex-Manulife rep for cheating 4. Natural disasters steer Asia Pacific towards parametric insurance 5. AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participantsResource Center
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Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
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Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
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1. 25% of employers to enhance insurance coverage in the next two years 2. Allianz Partners collaborates with MoneyHero for travel insurance 3. MAS slaps 12-year ban on ex-Manulife rep for cheating 4. Natural disasters steer Asia Pacific towards parametric insurance 5. AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participantsAwards
Jul
09
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