Asia-Pacific life profitability outlook remains stable, though foreign exchange hedging costs may weigh on margins in Japan, says Swiss Re Institute (SRI) in a report on world insurance developments.
AIA Hong Kong has introduced its GlobalFlexi Savings Insurance Plan, aimed at customers looking for long-term wealth growth and financial flexibility.
Utmost Wealth Solutions has appointed Mr Ben Munday as CEO of Utmost International Isle of Man, Singapore Branch, effective 1 August and subject to regulatory approval, as well as Mr Mark Christal as head of Asia.
HSBC Life has launched HSBC Aspire Prime Indexed Universal Life to cater to professional investors seeking flexible investment options, with downside protection features to support legacy planning.
Sun Life Hong Kong has upgraded its flagship savings insurance products - SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II, and Stellar Multi-Currency Insurance Plan II - with enhanced legacy planning and policy flexibility features.
As professional investors in Hong Kong seek flexible investment options, with downside protection features to support legacy planning, the insurers are providing policyholders an opportunity to address their goals whilst also capitalising on potential upside growth from tracking the performance of leading global indices.
Howden Re has launched its Hong Kong focussed reinsurance broking platform with the appointment of Mr Roy Wong as managing director, reinsurance, effective 21 July 2025.
AIA Hong Kong has launched a new life insurance solution called "Wealth Generation," specifically developed for high-net-worth (HNW) clients.
A recent industry survey conducted by the Insurance Asset Management Association of China (IAMAC) reveals that 63% of participating institutions plan to increase their allocation to Hong Kong equities in 2025, with most opting to do so via the Stock Connect scheme.
Demand from mainland Chinese consumers for Hong Kong insurance products has surged in recent months, driven by concerns over the weakening renminbi and a regulatory cap on projected returns that will take effect in July.