Hong Kong
HSBC’s subsidiary approved as first captive insurer in Hong Kong
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.
Hong Kong expands ECIC cover with SME export support
ECIC will extend free pre-shipment cover for holders of its Small Business Policy.
AXA launches digital insurance with Ant Bank, AlipayHK tie-up
It will use AXA’s portfolio and Ant Bank and AlipayHK’s “E-wallet X Digital Bank”.
Prudential debuts wellness support for children
The platform was introduced alongside Prudential Entrust Multi-Currency Plan.
HKIA considers smoothing mechanism for insurance commissions structure
It also reported a 99.9% compliance rate with Continuing Professional Development (CPD) requirements.
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