Hong Kong
HK warns against fake free insurance ads
The circulating ad even featured a government Dep’t logo.
HK insurers’ Q1 premiums mounts $22b in premiums
On a year-on-year basis, it climbed 12.2%.
HKIA bans two agents for false credentials
The cases occurred before the HKIA took over the regulation of insurance intermediaries in 2019.
FWD Group reports 17% growth in VNB for Q124
The company saw $215m in terms of value of new business.
Hong Kong Investors wary of insurer growth divergence
IFRS 17 tends to undervalue savings contracts, Jefferies noted.
Prudential Hong Kong forms alliance with 7 local hospitals
This partnership aims to build a healthcare ecosystem in Hong Kong.
HKIA reinforces sanctity of license to operate
Violations can result in a fine and imprisonment for up to two years.
AIA's new headquarters to house 1,800 employees
The campus also has an indoor running track.
FuSure Reinsurance’s risk-adjusted capital to stay solid until 2027
From 2024 to 2027, it targets double-digit growth in gross written premiums.
HKIA appoints new directors for 2024-2027 term
Lee and Lui have been a member of the HKIA for six to seven years.
Manulife, Mind HK launch anti-stigma campaign
The two-year partnership will begin with four programmes to launch in 2024.
Hong Kong imposes 14-year license ban on ex-Prudential agent
The agent scammed policyholders to transfer RMB2.35m into his bank account.
FWD boosts AI capabilities via AWS cloud
As of 2023, FWD's cloud migration reaches 97% completion.
Disappointing 1Q'24 dampens Prudential's outlook: Jefferies
Jefferies reduced its price target by 22%.
Hong Kong ranks 47th in global resilience index
It is amongst the top third of geographies globally.
Generali HK's Human Safety Net aids 50 families
Students and Generali volunteers organised workshops for children.
Hong Kong general insurance GWP to reach $10.9b by 2028
Rising consumer prices can affect the industry’s profitability in the short-term.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 5. Asia leads in embedded insurance, set to reach $170b by 2030Resource 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.
