The financial performance of Hong Kong-based FWD General Insurance (FWD GI) is expected to continue to improve, despite premium growth volatility from a shifting product mix and pressure on the combined ratio from IT investments, says Fitch Ratings.
The Task Force on Green Insurance, formed by the Hong Kong Federation of Insurers (HKFI), is currently strategising efforts on climate data analysis and a climate reporting framework.
The Hong Kong Federation of Insurers (HKFI) has set up a think tank to look into ways of reinvigorating the territory's insurance market and status as an international insurance hub, the association says in its July 2022 "Monthly Brief".
Manulife Hong Kong has recently announced that it has enhanced its Cashless Day Surgery eService, the first-in-market and fully digitalised cashless service launched in 2019, to diversify claims pre-approval for customers at day surgeries.
This year's Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony on 26 July saw 16 winners from seven markets celebrated for their contributions to the life insurance industry. The winners were chosen from 65 finalists shortlisted from 222 nominations from 12 markets. Due to the uncertain nature of the COVID-19 pandemic, the organisers have chosen to hold the awards presentation virtually.
AXA Hong Kong has partnered with Mastercard to empower its customers to contribute to forest restoration through the Priceless Planet Coalition.
A winding-up petition has been filed against Target Insurance Company, which provided coverage for most of the taxis in Hong Kong, with the insurer deemed insolvent.
MSIG Hong Kong will partner with mental health tech company Intellect to provide accessible, end- to-end employee wellbeing support to the insurer's medical clients.
Manulife has launched a new learning platform for its 60,000 insurance advisers in Vietnam and will soon launch the platform in four other markets in Asia.
The Hong Kong Federation of Insurers (HKFI) says that it is working full steam to prepare an industry charter, a reporting framework for our market and a model for the aggregation of climate-related data / cross-industry climate risk collaboration.