Insurance

Hong Kong imposes changes to mortgage insurance plan

Previously, mortgage insurance was only for properties under construction with a property value of up to HK$6m.

Hong Kong imposes changes to mortgage insurance plan

Previously, mortgage insurance was only for properties under construction with a property value of up to HK$6m.

Hong Kong’s drainage system prevented a greater impact: Guy Carpenter

The 2008 rainstorm alone generated HK$237m incurred claims.

Super Typhoon Soala to dampen reinsurance renewals in Hong Kong

Effective risk management is expected to minimise insurance losses.

Only one out of 10 Gen Z’s are in good mental shape – Survey

Around 71% reported feeling lonely, and 80% struggled with negative body image issues.

Sun Life Hong Kong gets green light to adopt risk-based capital regulation

Implementation of the new solvency capital basis took effect last 30 June. 

Hong Kong imposes six-month ban on Chan Ka Hey for fabrication

To deceive the insurer and his employing bank, Hey fabricated a new DDA form with a cut-out of the client’s signature, without consent.

Hong Kong Insurance Authority reappoints CEO

His reappointment is effective 15 August 2023 to 14 August 2026.

Nine out of 10 HK, GBA policyholders trust their personal data with insurers: Survey

Personalisation, improved claims, and cost savings influenced their trust.

AIA adds two new non-executive directors, Swee-Lian Teo resigns as chairman

Mari Elka Pangestu, Ong Chong Tee, and Chow Chung-Kong are to take on new roles.

Hong Kong life insurance market to improve in two years: S&P

The life segment is predicted to jump by 20% o 25% in 2023.

Sun Life Hong Kong introduces eSunPro

The platform will be exclusive to Sun Life Hong Kong clients who can avail of assistance for treatments and recovery.

Health planning amongst top financial goals of 3 in 10 Hongkongers

More than half use cash savings to accomplish such goals.

Prudential plc joins Shanghai-Hong Kong Stock Connect programme

Stocks of the insurer will now be included in Southbound trading.

AIA Group VONB dips 5% YoY

But, its VONB for 2H2022 rose to 6%.

HK Insurance Authority launches new QDAP selection tool

Users can choose and compare any available QDAP policies using the search tool.