Hong Kong

Policyholders and families will receive complimentary benefits starting 1 February.

They will be entitled to a waiting period waiver if diagnosed between 24 January to 30 April.

Bupa MyFlexi VHIS Plan offers 270 days hospitalisation coverage.

George Lung and Johnny Chan will serve as senior executive regional director.

His expertise are the insurance and banking sectors. Bain & Company has appointed Dr. Henrik Naujoks, global head of its insurance practice, as head of its Asia-Pacific financial services practice which is posted in Hong Kong. Dr. Naujoks has more than 25 years of management consulting experience, advising companies in the insurance and banking sectors especially in corporate and business unit strategy, customer strategy, organisation and post-merger integrations. Dr. Naujoks also serves as adviser for a broad range of organisations, such as “Child and Youth Finance”, WHU – Otto Beisheim School of Management, UNHCR and Medair. In 2007, he was elected by the World Economic Forum as a young global leader. The newly appointed official studied business administration in Munich and earned his doctorate at the University of St. Gallen, where he wrote his thesis on organisational theory and behaviour in large organisations. 

The median of current individual total assets is only $96,000.

Features include coverage extended to unknown pre-existing conditions and no limitations on ‘lifetime benefit'.

The insurer will offer personal reimbursement for hospitalisation.

Annualised new premiums grew 15% to $6.5b.

Overall net premiums hit $4.49b.

Only a fifth of SMEs have insurance protection against business interruptions.

The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.

It is expected to benefit the 500 individuals who work from its locations in Sai Wan and Causeway Bay.

The plan is expected to benefit the 500 individuals who work from itslocations in Sai Wan and Causeway Bay.

Shanghai Electric Group has received approval from the insurance authority.

The pioneer will be part of the new fast-track system.