Insurance
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Both long-term and general business recorded YoY growths.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
AIA’s net profit surges 47.2% YoY in H1 2024
EPS stood at $0.30.
Hong Kong insurance complaints drop 10.6% in 2023
H1 2024 also recorded an 11.9% reduction in complaints.
Insurers warn of risks amidst EV and autonomous vehicle growth
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
HKMCI introduces flexible rental options for homeowners
This aims to help homeowners with their needs.
Manulife Asia’s profit quadruples, Hong Kong segment doubles core earnings
The group’s NBV margin improved by 3.4 percentage points.
AXA launches first heatwave parametric insurance
It aims to provide protection to employees exposed to outdoor conditions.
HKIA sets fees for insurance intermediary licences from September
It plans to use the fees for enhanced public education and training.
MSIG HK achieves highest claims settlement since 2020
Compared to the previous year, the claims settlement ratio was at 92.9%.
FWD and ESDlife debut health and wellness platform
The insurer saw health insurance claims surge last year by 18%.
AXA HK, Macau unveil new travel insurance via partnership
It offers coverage in personal liability of up to $260m.
HKIA and SFC probe Tahoe Life's investment dealings
HKIA appointed last week joint and several managers to take control of the insurer.
Insurance authority intervenes amidst Tahoe Life financial woes
Despite appointing advisors in 2023, the insurer failed to provide deliverables.
Blue to partner with over 100 brokers in 2 years through new channel
The first product available is the 25-year participating life insurance plan.
HSBC appoints new CEO for life insurance arm
She has over two decades of experience with HSBC.
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