Insurance

Disappointing 1Q'24 dampens Prudential's outlook: Jefferies

Jefferies reduced its price target by 22%.
2 hours ago

Disappointing 1Q'24 dampens Prudential's outlook: Jefferies

Jefferies reduced its price target by 22%.
2 hours ago

Prudential ceases Hong Kong wealth business

It also closed down its wealth management platform in S’pore back in September.

Sun Life unveils new ESG-focused critical illness plan

The plan covers 188 illnesses and 38 complex surgeries.

HKIA welcomes World Bank’s second Cat bond, worth $150m

It will offer coverage against storm risks in Jamaica.

Hang Seng upgrades annuity plan

Only 22% of professionals felt confident about their retirement funds. 

Pacific Prime and MixCare partner for employee wellness in HK

Pacific Prime's customers will now have access to MixCare's platform.

Insurance incentives sweeten EV deal for consumers

Tax incentives and the introduction of charging stations are boosting the EV market.

Peak Re reports ‘best-ever’ earnings with $200m in FY’23

Favourable January renewals are seen to sustain strong underwriting margins.

Hong Kong Life promotes wealth transfer with new plan

It includes features like flexible death settlement options.

Towngas, FSE Nova commit to expanded insurance cooperation

It plans to invest more resources to offer insurance broker services to Towngas’ customers in HK and the mainland.

HKIA alerts on fraudulent payment invoices

The HKIA not issue invoices for anything named "Insurance Authority Certificate" or "Capital Insurance Certificate." 

AIA launches new health plans in Greater Bay Area

The three new plans offer compensation, home visits, and outpatient coverage. 

Ping An’s profit dips in Q1’24

Earnings per share were down 4.6% for the quarter.

Hong Kong and Macao discuss cross-market insurance issues

Discussions included topics such as the sale of life insurance products to MCVs.

HKIA takes action against ethical breach by agent

This is the 7th case the HKIA reprimanded an insurance practitioner.

25% of employers to enhance insurance coverage in the next two years

More than half of companies are already offering health and wellbeing benefits.