Insurance

Hong Kong’s insurance market to hit $127b by 2032

The city’s insurance penetration remains amongst the highest globally.

FWD refiles for Hong Kong IPO

The updated Application Proof will be made available on the HKEX website.

Hong Kong travellers boost insurance uptake on personal safety concerns

Notably, the fear of losing travel documents is higher.

FWD launches cross-border medical plans amidst rising demand in GBA

Nearly a third of residents have sought treatment in China.

Hong Kong’s insurance premiums reach $83b in 2024

Both long-term and general insurance sectors registered notable increases.

MoneyHero launches integrated car insurance platform with bolttech

The new service allows customers to compare real-time quotes.

AXA launches digital insurance with Ant Bank, AlipayHK tie-up

It will use AXA’s portfolio and Ant Bank and AlipayHK’s “E-wallet X Digital Bank”.

Prudential debuts wellness support for children

The platform was introduced alongside Prudential Entrust Multi-Currency Plan.

HKIA sets 6% illustration rate cap on HKD policies

Caps apply only to internal rate of return used in benefit illustrations at the point of sale.

CTF Life launches outpatient insurance for GBA travel

The plan utilises the medical network of The GBA Healthcare Group.

Prudential adopts NFC tech for faster client onboarding

The e-KYC will be integrated into PRUSubmit.

FuSure Reinsurance obtains Composite License from Hong Kong

The company is also exploring health, auto, pet, cybersecurity, and liability insurance.

Manulife partners with Prosper Health for cancer medication access

Eligible customers will have access to Manulife’s Personalised Medical Case Managers.

65% of Hong Kong SMEs lack business interruption coverage

Rising property rental prices remained top concern for the second consecutive year.