Hong Kong
AM Best projects “modest profitability” for Tugu Insurance
The company’s financial performance was mixed in 2023.
AM Best projects “modest profitability” for Tugu Insurance
The company’s financial performance was mixed in 2023.
HKIA launches anti-scam charter with financial regulators
The initiative involves 230 participating institutions.
9 in 10 ‘pawrents’ don’t have insurance for their pets – Prudential
Prudential policyholders are mainly concerned about timely emergency treatments and affordability.
Unethical conduct results in harsh HKIA ban
The agent was found pocketing a policyholder’s deposits, causing a policy relapse.
HSBC taps Ed Moncreiffe as CEO of Global Insurance
He replaces Greg Hingston, who is leaving the firm to explore other opportunities.
FWD Hong Kong jumps twofold in new business APE in 2023
New business case count increased by 24% YoY.
AXA launches new deferred annuity plan for retirement
Policyholders can withdraw guaranteed monthly annuity payments from age 50.
Sun Hung Kai Properties Insurance de-risking exposure improves bond credit quality – AM Best
The insurance company de-risked majority of its bonds in China in 2023.
HKIA and HKPF inks MOU on a joint framework for legal services
The agreement will ensure the insurance market’s reliability and security.
Prudential's Asian life business beats expectations with $3.1b NBP
Jefferies expects Prudential to exceed medium-term growth targets.
Hong Kong’s women in insurance rising in a male-dominated business sector
Hong Kong’s female insurance executives show how they take on leadership roles.
4 out of 5 HK employees weigh health support in job decisions
Flexible work arrangements topped the list of preferred initiatives to foster health and wellbeing.
Ping An posts $16.3b operating profit in 2023
Life & Health experienced steady business growth.
Chubb Life HK debuts Forest Exhibit at Art Basel 2024
The exhibit will run from 26 March to 30 March 2024.
Prudential's new business profit jumps 45% YoY
Prudential’s CEO is optimistic about reaching its 2027 financial and strategic objectives.
Prudential reels Anette Bronder for newly established role
Bronder will oversee technology and operations, focusing on shaping the organization's target operating models.
Hong Kong’s PA&H insurance sector to reach $28.5b in 2028
This growth was driven by the increased health awareness brought by the pandemic.
Thought Leadership Centre
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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.
