Insurance
AXA HK, Macau unveil new travel insurance via partnership
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.
FundPark, HKECIC bare pioneering effort for insured growth for SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
Insurance agent barred for misappropriating funds
He allowed premiums totalling $4,623 to be deposited into his bank.
High costs, limited insurance coverage impede medical freedom in HK
Residents need $6.7m to achieve medical freedom.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
New pet critical illness cover introduced in Hong Kong
It is available to pets of any age and breed, for an annual fee of $14.40.
HK's new legislation welcomed by insurance industry
The legislation advocates for international insurers to re-domicile in Hong Kong.
Sun Life debuts comprehensive ECO system for wealthy families
The insurer is partnering with HealthMutual Group.
Bupa's $180m in cancer claims leads to new service
Cancer accounts for one in 10 health insurance claims.
Hong Kong begins risk-based capital regime for insurers
This follows the enactment of the Insurance (Amendment) Ordinance 2023.
HKIA finds firms adhere to new premium financing rule
However, the inspection also identified several areas needing improvement.
Prudential unveils $2b share buyback plan
It expects its 2024 annual dividend to grow in the range of 7% to 9%.
Prudential Hong Kong opens multipurpose space
It also expanded its academy to this 53,600 sqft office.
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