To ensure customers can travel with confidence during the COVID-19 pandemic, HK Express has introduced a new pre-departure essential: Complimentary COVID-19 Travel Insurance, provided in partnership with Chubb Insurance Hong Kong Limited.
Dah Sing Insurance has appointed Terence Leung as director and CEO with effect from November 2020. He is responsible for overseeing the management and operation of its general insurance business.
The direct economic loss caused by Super Typhoon Mangkhut when it lashed Hong Kong in September 2018 is estimated at about HK$4.60bn ($593m), which is about 3.8 times that of Super Typhoon Hato in 2017, according to an academic paper produced for the first time by the Hong Kong Federation of Insurers (HKFI) and Hong Kong Observatory (HKO).
Singapore-based FinTech startup firm GoBear, which began operations as platform for comparing insurance plans of different insurers, has announced that it will cease operations and close its business.
Dah Sing Insurance has appointed Terence Leung as Director and Chief Executive Officer with effect from November 2020.
The Hong Kong government has gazetted subsidiary legislation related to the commencement of the insurance group-wide supervision (GWS) framework on 29 March 2021.
The Insurance Authority (IA) has released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2020, indicating a growth of total gross premiums by 5.5% to $461.1 billion over the corresponding period in 2019.
Generali Hong Kong has launched an innovative Bill Insurance solution created to cover the utility bills by paying a lump sum benefit in the event the insured is hospitalised for more than three consecutive days.
Insurance consumers in US are generally more satisfied with the digital claims channels of their insurers than the consumers in the UK, Australia, New Zealand and Hong Kong.
Cigna Hong Kong has released findings of the latest edition of its Cigna COVID-19 Global Impact Study: Resilience and Well-being through the Pandemic, which suggests that overall well-being in Hong Kong dropped slightly between June and August 2020 from 57.2 to 56.4 and was lower than the global average of 60.4.