Hong Kong
Prudential ceases Hong Kong wealth business
It also closed down its wealth management platform in S’pore back in September.
Prudential ceases Hong Kong wealth business
It also closed down its wealth management platform in S’pore back in September.
Moody's says FTLife to maintain profitability
The ratings agency expects strong capital reserves, surpassing regulatory minimums.
Sun Life unveils new ESG-focused critical illness plan
The plan covers 188 illnesses and 38 complex surgeries.
HKIA welcomes World Bank’s second Cat bond, worth $150m
It will offer coverage against storm risks in Jamaica.
Hang Seng upgrades annuity plan
Only 22% of professionals felt confident about their retirement funds.
Pacific Prime and MixCare partner for employee wellness in HK
Pacific Prime's customers will now have access to MixCare's platform.
Hong Kong Life promotes wealth transfer with new plan
It includes features like flexible death settlement options.
Medical insurance tops SME employee benefits: Prudential
Whilst pay was cited as the top factor to remain in their job, the survey also noted the importance of non-financial benefits for SME workers.
Manulife, Standard Chartered expand 2016 ties
Manulife will gain access to the bank’s clientele.
FTLife changes name to Chow Tai Fook Life
The insurer plans to rebrand in the third quarter of the year.
Towngas, FSE Nova commit to expanded insurance cooperation
It plans to invest more resources to offer insurance broker services to Towngas’ customers in HK and the mainland.
HKIA alerts on fraudulent payment invoices
The HKIA not issue invoices for anything named "Insurance Authority Certificate" or "Capital Insurance Certificate."
AIA launches new health plans in Greater Bay Area
The three new plans offer compensation, home visits, and outpatient coverage.
Manulife’s Genesis offers long-term wealth transfer
The plan promises up to 4.29% TIRR in 10 years.
HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.
Joseph Chan touts Hong Kong as top ILS issuance centre
The insurance authority hosted its first ILS conference last week.
HKIA, ICAC target suspected unlicensed insurance sales to mainland China
The first joint operation led to the arrest of a broker and a referrer.
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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. Asia leads in embedded insurance, set to reach $170b by 2030 5. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of AmericaResource 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.
