Hong Kong

HK's new legislation welcomed by insurance industry

HK's new legislation welcomed by insurance industry

The legislation advocates for international insurers to re-domicile in Hong Kong.

Sun Life debuts comprehensive ECO system for wealthy families

The insurer is partnering with HealthMutual Group.

Bupa's $180m in cancer claims leads to new service

Cancer accounts for one in 10 health insurance claims.

Hong Kong begins risk-based capital regime for insurers

This follows the enactment of the Insurance (Amendment) Ordinance 2023.

HKIA finds firms adhere to new premium financing rule

However, the inspection also identified several areas needing improvement.

Chubb Life to focus on steady profit in Asia

This is supported by stable business growth and risk control in Hong Kong market.

AXA Hong Kong’s new plan covers 135 critical illness

This series provides up to 1,300% of the sum insured for major illnesses.

Oneglobal broking gets new Hong Kong executive

He will oversee the growth and development of Hong Kong and China businesses.

Prudential’s share buyback programme could narrow capital buffer

The buyback accounts for 11.2% of Prudential's 2023 reported shareholders' equity, 

HKIA slams broker with fines for poor handling

It also fined a licensed technical representative $910.

Prudential unveils $2b share buyback plan

It expects its 2024 annual dividend to grow in the range of 7% to 9%.

HKIA warns against unlicensed insurance sales to MCVs

New office premiums for life insurance bought by MCVs reached HK15.6b.

Prudential Hong Kong opens multipurpose space

It also expanded its academy to this 53,600 sqft office.

Ping An upgrades proactive health management system

Nearly 13 million users were enrolled in the family doctor membership last year.

AXA and HK Express partner for exclusive travel insurance

It includes comprehensive coverage such as medical expenses up to HKD 500,000.

Prudential taps new Chief of Corporate Affairs

She has more than three decades of experience.

FWD’s new wealth plan targets rising living costs for HK retirees

It guarantees an 8-year maturity return of up to 4.0% per annum.