The 29th Pacific Insurance Conference got off to a strong start yesterday with a keynote address by Hong Kong Insurance Authority (IA) CEO Clement Cheung in which he stressed the fact that the two-year old regulator was firing on all cylinders. "We are not just envisioning," he said, "we are making progress."
The Consumer Council has found that all travel agencies, without exception, were engaged to various degrees in the sale of travel insurance, and in the majority of cases, the agencies make it optional for consumers to buy the cover.
The National Reinsurance Corporation of the Philippines (Nat Re) and Taiping Re (TPRe) have signed a memorandum of understanding that seeks to strengthen the two reinsurers' cooperation.
The Hong Kong Insurance Authority (IA) will host its second Asian Insurance Forum (AIF) in the territory on 10 December 2019 with the theme "Connectivity and Innovation - The Key to Competitiveness and Inclusiveness".
Manulife Hong Kong has announced the launch of ManuVital Care to offer essential coverage against 112 critical illnesses and diseases at affordable, guaranteed premiums. Daily premiums from as low as HK$3.80 (US$0.48).
Peak Reinsurance Company (Peak Re), the Hong Kong-based global reinsurer, has announced the joining of Greg Solomon as Managing Director and Head of Life & Health, effective 1 November 2019. He will be based in Hong Kong.
Sun Life Hong Kong Limited ("Sun Life") announced that Rainbow Pan will take over as General Manager, Wealth and Pensions, from Belinda Luk, who will retire on November 6, 2019, and remain as Special Advisor at the Company.
Following the commencement of Insurance Authority's (IA) direct licensing regime (DLR) on 23 September 2019, the Insurance Agents Register previously managed by the Insurance Agents Registration Board (IARB) is no longer available online according to the latest monthly newsletter from Hong Kong Federation of Insurers (HKFI).
Hong Kong's Chief Executive Carrie Lam has said that the government is looking at special measures on insurance to help businesses hard hit by months of street clashes.
Willis Towers Watson (WTW) has hired Mr David Hill as regional director of risk and analytics for Southeast Asia in the corporate risk & broking business. Concurrently, the broker has also appointed Ms Eva Liu as head of health & benefits (H&B) in Hong Kong.