Even as the Office of the Commissioner of Insurance (OCI) has its hands full drafting legislation and introducing changes, Commissioner of Insurance Annie Choi shares that the office will continue to provide opportunities for the industry and that competition can only bring about improvements.
By Benjamin Ang
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Amidst a bleak global economic outlook, the life insurance sector in Hong Kong still managed to show impressive results for 2012. Despite being highly penetrated, the market still lacks adequate protection. Life insurers share challenges they foresee in the year ahead, and strategies that allow them to differentiate themselves from the competition.
By Dawn Sit
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The intense competition in the Hong Kong market with a large number of players is well-known. Leading non-life players share with Asia Insurance Review what they are doing to differentiate themselves from the competition and where the opportunities are to stay clear of the pack.
By Benjamin Ang
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Ms Agnes Choi, Chairperson of Hong Kong Federation of Insurers (HKFI), shares what the industry's hopes are for the Independent Insurance Authority (IIA), and the role the association will play once the IIA is established.
By Benjamin Ang
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Change is in store for the Hong Kong Confederation of Insurance Brokers (CIB) when the Independent Insurance Authority (IIA) takes office in 2015. Mr Patrick Chan, Chairman of the CIB shares his take on the current broking industry, as well as what lies ahead for the brokers' association.
By Dawn Sit
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Insurers, insurance brokers and agents will need to factor into their data collection and use (including transfer) compliance with new provisions tightening the regulation of direct marketing activities in Hong Kong.
By Ms Charlotte Robins, Partner, Norton Rose Hong Kong.
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