Insurance
AM Best projects “modest profitability” for Tugu Insurance
AM Best projects “modest profitability” for Tugu Insurance
The company’s financial performance was mixed in 2023.
HKIA launches anti-scam charter with financial regulators
The initiative involves 230 participating institutions.
Unethical conduct results in harsh HKIA ban
The agent was found pocketing a policyholder’s deposits, causing a policy relapse.
AXA launches new deferred annuity plan for retirement
Policyholders can withdraw guaranteed monthly annuity payments from age 50.
HKIA and HKPF inks MOU on a joint framework for legal services
The agreement will ensure the insurance market’s reliability and security.
4 out of 5 HK employees weigh health support in job decisions
Flexible work arrangements topped the list of preferred initiatives to foster health and wellbeing.
Ping An posts $16.3b operating profit in 2023
Life & Health experienced steady business growth.
Prudential's new business profit jumps 45% YoY
Prudential’s CEO is optimistic about reaching its 2027 financial and strategic objectives.
Prudential reels Anette Bronder for newly established role
Bronder will oversee technology and operations, focusing on shaping the organization's target operating models.
Hong Kong’s PA&H insurance sector to reach $28.5b in 2028
This growth was driven by the increased health awareness brought by the pandemic.
HSBC Life tops Hong Kong’s insurance industry in 2023
HSBC Life’s business premium amongst the biggest market share contributors.
AXA HK opens women-centred health facility
In partnership with Chiron Medical Group, the centre offers a wide range of services for women’s health.
Hong Kong’s insurance premiums dip in 2023
Its long-term business witnessed a contraction, whilst its general segment registered growth.
Interest in GBA retirement high, yet insurance needs underscored
An AIA Hong Kong survey showed nearly 40% of the respondents want to retire in GBA cities.
Only a fifth of Hong Kong’s SMEs are insured against income loss
Almost eight of 10 SMEs prefer tailored insurance packages which cover various business risks.
Hong Kong Federation of Insurers leads climate charter amongst industry
33 companies have joined HKFI’s inaugural climate charter.
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year.
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