Taiping Reinsurance Company (TPRe) posted consolidated net profits after tax of HK$1.28bn ($164m) in 2025, 34.1% higher than in 2024, according to financial statements published by the Hong Kong-incorporated parent company, China Taiping Insurance Holdings Co. The net results were boosted by both underwriting and investment operations.
China Taiping Insurance (HK) Company, the non-life insurance unit of the Taiping China Insurance group in Hong Kong, saw its net profit after tax plunge by 73.6% to HK$19.64m in 2025, compared to HK$74.26m in 2024, according to financial statements released by the ultimate parent China Taiping Insurance Holdings Co (China Taiping).
Asian insurers have been urged to sustain equitable access to coverage to deal with the challenges of ageing populations and escalating care costs amid rapid growth. This call was made by Hong Kong's Financial Services and the Treasury Bureau Under Secretary for Financial Services and the Treasury Chan Ho Lim, Joseph, at the 21st Asia Conference on Healthcare and Health Insurance in Hong Kong.
Proposed reforms to how the Hong Kong Insurance Authority (HKIA) evaluates required capital for non-life insurers are seen as strengthening the city's standing as a global hub for reinsurance and risk management, according to a new report by global credit rating agency AM Best.
Markel, the insurance operation within Markel Group, has expanded its warranty and indemnity (W&I) insurance capabilities into APAC, with two new underwriting appointments in Hong Kong and India.
Manulife Hong Kong and Macau has appointed Dr Liu Hongjuan as Chief AI & Data Officer for Hong Kong and Macau, supporting the establishment of Hong Kong as an AI Centre of Excellence.
Willis has launched a new art insurance facility designed specifically for individual collectors and art galleries in Asia.
Sun Life Hong Kong's financial strength and issuer credit ratings was upgraded to "AA" from "AA-", with a stable outlook by S&P Global Ratings.
Hong Kong women play a dominant role in household financial decision-making, with nearly half (45%) of respondents saying they control long-term family investments, according to the findings of a survey released by life insurer Sun Life. This proportion is the highest among the Asian markets surveyed.
Singapore insurance asset managers are increasingly turning to outside experts to manage their funds, driven by a growing demand for greater portfolio control and transparency.