Insurance
HKIA finds firms adhere to new premium financing rule
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.
Prudential taps new Chief of Corporate Affairs
She has more than three decades of experience.
FWD’s new wealth plan targets rising living costs for HK retirees
It guarantees an 8-year maturity return of up to 4.0% per annum.
Rising healthcare fees hinder financial stability amongst HK residents
The survey revealed 19% of people would pay for cheaper plans and fewer benefits.
FWD Group revives Hong Kong IPO plans: Report
The insurer could aim for a valuation of up to $9b in an IPO.
Hong Kong's EV insurance market to grow 30% by 2026
Rising EV popularity will drive demand growth for insurance.
Life insurance reaches new high in Hong Kong
This marked a 57% year-on-year in annualised new premiums.
HK warns against fake free insurance ads
The circulating ad even featured a government Dep’t logo.
HK insurers’ Q1 premiums mounts $22b in premiums
On a year-on-year basis, it climbed 12.2%.
Hong Kong Investors wary of insurer growth divergence
IFRS 17 tends to undervalue savings contracts, Jefferies noted.
Prudential Hong Kong forms alliance with 7 local hospitals
This partnership aims to build a healthcare ecosystem in Hong Kong.
AIA's new headquarters to house 1,800 employees
The campus also has an indoor running track.
Manulife, Mind HK launch anti-stigma campaign
The two-year partnership will begin with four programmes to launch in 2024.
Hong Kong imposes 14-year license ban on ex-Prudential agent
The agent scammed policyholders to transfer RMB2.35m into his bank account.
Disappointing 1Q'24 dampens Prudential's outlook: Jefferies
Jefferies reduced its price target by 22%.
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