Hong Kong
Hong Kong’s Insurance Authority hails amendment bill for risk-based capital
Preparatory work for the RBC regime will be followed by a public consultation.
Hong Kong’s Insurance Authority hails amendment bill for risk-based capital
Preparatory work for the RBC regime will be followed by a public consultation.
AIA adds two new non-executive directors, Swee-Lian Teo resigns as chairman
Mari Elka Pangestu, Ong Chong Tee, and Chow Chung-Kong are to take on new roles.
Hong Kong’s insurance complaints rise 18.6% in 2022
About 359 cases were claim-related whilst 20 were non-claim related.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
Hong Kong life insurance market to improve in two years: S&P
The life segment is predicted to jump by 20% o 25% in 2023.
Manulife Hong Kong scales up China hospital network
It has expanded into more than 3,000 hospitals across mainland China.
AXA, Carbon Wallet partner to reward green lifestyle
This partnership incentivises actions toward a sustainable lifestyle.
IT investments to impact FWD General Insurance’s profitability: Fitch
The insurer will complete a significant portion of its IT investments by the first quarter of 2024.
AXA Hong Kong, Macau unveil insurance for domestic helpers
The coverage offers employees compensation up to HK$100m.
livi bank, FWD General Insurance launch pet care insurance
Survey shows that 77% of pet owners have not purchased any pet insurance.
AXA launches climate risk evaluation solution
This allows AXA’s clients to meet the regulatory requirements amidst climate change.
HK Insurance Authority sends alert on fake Cheerson website
A false website is claiming to be the official site of Cheerson Insurance Brokers.
Hong Kong insurer eyes raising HK$4b for UAE insurance ambitions
Target Insurance plans to secure HK$4b in financing.
Total gross premiums of Hong Kong insurers fall in Q1
It slid by 7% to $147.2b.
Gallagher Re announces new leadership for HK and China
Jia Lou is the new CEO of the two markets.
Virtual insurer surpasses HK$60b sales in four years
This made the virtual insurer top rank in direct sales channels in terms of policies sold.
Sun Life Hong Kong introduces eSunPro
The platform will be exclusive to Sun Life Hong Kong clients who can avail of assistance for treatments and recovery.