Insurance
Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate...
Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate...
Hong Kong virtual insurers need to be ‘extra user-friendly’ – Consumer Council
The council urged the industry to enhance website functions and improve the disclosure of privacy policies to enhance consumer confidence in virtual...
Hong Kong digital insurer secures partnership, enters UAE market
This partnership aims to bolster support for web3 entities, including banks, custodians, and asset managers across the Middle East.
Medical and health insurance ownership low amongst Gen Zs: Ipsos report
Only 17% of Gen Zs have critical illness insurance.
Two extreme typhoons push claims incurred to HK$1.9b – HKIA
Property damage and motor businesses were the two most affected lines of business.
65% expect surge in insurance M&A in HK and S’pore for 2024: Survey
Diversified investments, consolidation, new tech, and emerging regulations drove this sentiment upward.
HKIA seeks public input on subsidiary legislation for risk-based capital regime
This consultation comes after the implementation of the Risk-based Capital (RBC) regime.
HK’s total gross premiums dip 1% in the first nine months
Hong Kong’s long-term or life business experienced a contraction, whilst the general business witnessed growth.
WTW taps new executive director of large accounts practice HK, Macau
Ellen Fung will focus on elevating the Hong Kong market across various lines of WTW business.
Casper Kam joins AXA XL’s underwriting team
Previously, he worked with AIG and AXA General Insurance.
AXA HK, Macau venture into cross-border healthcare service
It has partnered with UMP Healthcare Holdings to expand its reach to clinic services in China.
FWD HK unveils new retirement plan for HKMC’s programme
This collaboration expands retirement solutions in the market.
Manulife HK, Macau’s APE sales and core earnings grew more than half YoY
Higher demand in the mainland prompted this robust growth.
HKIA imposes five-year ban on ex-insurance agent
The former agent mishandled and misappropriated premium payments from two policyholders.
ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY
VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.
Manulife Singapore targets rapidly growing high-net-worth market
New data suggests young beats old in appetite for investments.
Prudential’s new business sees 37% profit growth IN 9M23
It grew to $2.14b, year-to-date.
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