Insurance
AIA hits $7.14b profit, triggers $1.7b buy-back as Asian demand surges
AIA hits $7.14b profit, triggers $1.7b buy-back as Asian demand surges
Group CEO Lee Yuan Siong reported a 12% per-share profit growth driven by Asia’s demand for savings.
4 days ago
Prudential profit rockets 71% in 2025 as S&P elevates rating to AA
Its new business profit also rose 12% to $2.78b.
6 days ago
Manulife Hong Kong and Macau adds a deputy CEO role to Wilton Kee
Kee joined Manulife in 2013.
Hong Kong insurers post weaker 2024 as premiums slip
This is based on the recent data released by the Insurance Authority for the 2024 fiscal year.
FWD Hong Kong appoints Queenie Lam CMO for two markets
She brings more than 20 years in financial services spanning banking, telecom and advertising.
'Neutral but strategic': Experts weigh impact of Hong Kong’s insurance capital shift
The 15 Feb update on infrastructure treatment expected to avoid rating shifts.
AXA partners Deloitte to target Hong Kong HNW wealth segment
Deloitte says the alliance aims to reinforce Hong Kong as a wealth management hub.
FWD Hong Kong new business premiums skyrocket 93%
New business annual premium equivalent grew 74%, beating 43% market average.
Insurance job applications jump 36% as hiring tightens
Salary gap and digital demand slowed recruitment.
AIA debuts SelectWise as 46% of Hong Kongers want privacy and cheaper care
57% of Hongkongers have considered mainland China for medical treatment.
Business premiums hit $637b as accident and health profit recovers
Accident and health business returned to profit of $0.5b.
Prudential buys 19% of SHS for $375m to lift stake to 70%
Minority profit and equity attribution falls as the partner holding drops to 30%.
Hong Kong insurers pay $33.4m after Tai Po fire
For life insurance, residents of Wang Fuk Court hold about 10,660 policies.
Zurich, YAS use AI to link taxi insurance to driving behaviour
Drivers with higher scores will unlock broader coverage and more benefits.
AIA Hong Kong & Macau launches new plan with 115 conditions for families
AIA also launched a lower-cost option covering 58 critical illnesses.
Hong Kong’s commercial insurance market stays favourable for buyers in Q3
Rates fell across most product lines, including for some less-preferred risks.
Insurance premiums rise in Q2 amidst Mainland tourist influx: Jefferies
Premiums peaked at $90b as the city saw its highest tourist number since the pandemic.
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