News
HKFI launches check scheme for insurance agents
HKFI launches check scheme for insurance agents
The scheme aims to prevent problematic agents from moving between firms.
MAPFRE RE gets China’s approval to operate in Bejing
MAPFRE RE will proceed with pre-opening steps in compliance with local regulations.
AXA launches hospital cash plan for simplified coverage
Customers can receive $130 (HK$1,000) per day as a hospital income benefit.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
Current hard market challenges new reinsurer entries
Mainly these are competition, capital raising, and higher barriers to entry.
New pet critical illness cover introduced in Hong Kong
It is available to pets of any age and breed, for an annual fee of $14.40.
Zurich-owned Cover-More Group gets new CEO
The appointment is in line with Zurich’s acquisition of a travel insurance arm.
Taspen maintains profitability with strategic investments
It maintained a strong solvency ratio of 497% as of end-2023
Insurers in Taiwan to issue bonds for capital adequacy
Regulatory risk-based capital ratios remained well above the 200% minimum.
HK's new legislation welcomed by insurance industry
The legislation advocates for international insurers to re-domicile in Hong Kong.
Howden steps foot into Japan market with reinsurance firm
Kentaro Tada has been appointed CEO of Japan.
Trade credit insurance supports F&B's financial stability
Global insolvencies are expected to make a 15-year high this year.
PT Meritz Korindo Insurance maintains strong capital buffer
It even surpassed the new 2026 equity requirement of $15m.
Japanese life insurers' premium income hits $18b
Overall operating expenses pencilled in was $4b.
Insurers, employers key to mental health access: GlobalData
Vietnamese consumers showed the most concern for their mental well-being.
Southern China floods trigger 18,400 insurance claims
Estimated losses amounted to $86.66m.
Reinsurers gain confidence with improved loss ratios
Some exceeded a 20% return on equity (ROE) in the first quarter.
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