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Hong Kong tag returned 658 results

  • Hong Kong: Taiping Reinsurance posts positive 1H operating results

    The net earnings of Taiping Reinsurance (TPRe) turned negative in 2020, the first time in the past 10 years, mainly dragged by higher impairment losses and increasing pressure on underwriting profitability due to heightened market competition, notes AM Best.

    Asia | 24 Sep 2021
  • Hong Kong: Prudential plc announces international placing and public offer of new shares

    Prudential plc has announced plans to raise around HK$22.5bn ($2.89bn) by issuing 130.5m shares at HK$172 per share. The share offer represents up to 5% of the insurer's issued share capital as of 1 April 2021.

    Asia | 20 Sep 2021
  • Hong Kong: Lioner appoints new partner

    Lioner International Group has announced the appointment of Andrew Chan as partner, effective immediately. Mr Chan is an industry veteran with more than 20 years of solid wealth planning experience from his various positions in private banks, insurance brokers and accounting enterprises.

    People | 14 Sep 2021
  • Hong Kong: Regulator extends the validity of temporary facilitative measures

    In view of the latest developments of the COVID-19 pandemic, Hong Kong's Insurance Authority (IA) has issued a circular to authorised long-term insurers, announcing the extension of temporary facilitative measures for non-face-to-face distribution of specific protective insurance products to 31 March 2022.

    Agents | 14 Sep 2021
  • Hong Kong: Mortality protection gap estimated to be $890bn

    The total mortality protection gap (MPG) in Hong Kong was estimated to be HK$6.9tn ($890bn) in 2019, translating into HK$1.9m or 5.7 times the weighted average annual income for each working adult, according to findings of the first Mortality Protection Gap Study published by the Insurance Authority (IA).

    Agents | 07 Sep 2021
  • Hongkongers and Singaporeans more motivated to invest responsibly since COVID-19

    Private wealth is having a growing influence in sustainability in Singapore and Hong Kong, with COVID-19 having increased the motivation of Hongkongers and Singaporeans towards responsible investing, according to a new study by St. James's Place Wealth Management Asia (SJP Asia).

    Agents | 06 Sep 2021
  • China: COVID-19 razes mainland Chinese insurance purchases in HK in 1H

    New business derived from mainland Chinese visitors to Hong Kong shrank by 96.5% to HK$216m ($27.8m) in the first six months of 2021 from HK$6.2bn in the first half of 2020, according to statistics provided by the Hong Kong Insurance Authority.

    Asia | 03 Sep 2021
  • China: Mainland, Hong Kong and Macau fintech collaboration

    The Insurance Authority of Hong Kong (IA), China Banking and Insurance Regulatory Commission (CBIRC) and the Monetary Authority of Macao (AMCM) will collaborate to promote innovation and the application of novel financial technologies.

    AIRPlus | 02 Sep 2021
  • Hong Kong: Insurance industry posts flat 1H performance

    New office premiums (excluding Retirement Scheme business) of long term business in Hong Kong totalled HK$80.5bn ($10.4bn) in 1H2021, representing an increase of 22.9% over the corresponding period last year, according to data released by the Insurance Authority (IA).

    Asia | 02 Sep 2021
  • Hong Kong: Mortality protection gap estimated at US$890bn in 2019

    The total mortality protection gap (MPG) in Hong Kong is estimated to be HK$6.9tn ($889bn) in 2019, translating into HK$1.9m or 5.7 times the weighted average annual income for each working adult, according to findings of the first Mortality Protection Gap Study published by the Insurance Authority (IA).

    Asia | 01 Sep 2021


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