Hong Kong
Mainland visitor volumes plateau as Hong Kong life insurance steadies
Tourism volume tempers optimism for a large rebound in cross-border life insurance.
FWD launches cross-border medical plans amidst rising demand in GBA
Nearly a third of residents have sought treatment in China.
AXA Hong Kong launches endoscopy concierge for cross-border healthcare
The plan expands coverage beyond lung and breast cancer.
HSBC’s subsidiary approved as first captive insurer in Hong Kong
The government imposed a 50% tax concession for local captive insurers.
Peak Re issues $50m catastrophe bond with Black Kite Re
This marks Peak Re’s second catastrophe bond issued in Hong Kong.
Hong Kong Life unveils free consultation, medication on common ailments
It is available for its customers under its “Mannings PharmaCare” service.
Zurich, HTHK launch SIM plans with travel insurance for GBA trips
The promo is available to SoSIM users.
Manulife Investments unveils Manulife Stable Fund in Hong Kong
It now invests primarily in USD-denominated and settled short-term deposits.
Manulife Hong Kong launches two critical illness products with income aid
One of the plans covers 121 critical illnesses and diseases.
Hong Kong’s insurance premiums reach $83b in 2024
Both long-term and general insurance sectors registered notable increases.
Transamerica Life Bermuda appoints Kristine Ung as CEO
She has held senior roles at AIG, AIA, Chubb and Kismet Solutions.
Willis appoints Steve Hutchinson as P&C head for HK, Macau
He was previously Chief Broking Officer at Howden Insurance Brokers in Hong Kong.
MoneyHero launches integrated car insurance platform with bolttech
The new service allows customers to compare real-time quotes.
Travel insurers cut benefits for seniors and children in Hong Kong
Premiums ranged from $145 to $509 for a 7-day trip in Asia.
Hong Kong boomers concerned over cross-border health insurance claims
Over a third of boomers plan to retire outside of Hong Kong and Macau.
AM Best expects CMB Wing Lung Insurance's capital strength to continue
The insurer’s capital and surplus rose to $400m (HK$3.1b) at the end of 2023.
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