The Insurance Authority (IA) has authorised SAIC Motor Corporation Limited to set up a captive insurance company in the country.
Prudential Hong Kong has appointed the appointment of Brian Chan as chief financial officer, Viola Chan as chief human resources officer, and Alok Jha as chief strategy & transformation officer.
Transamerica Life Bermuda has launched its Opus One Indexed Universal Life (IUL) policy in Hong Kong, making it available to professional investors.
Transamerica Life Bermuda has appointed Mr Brandon Szeto as CCO.
Hong Kong's insurance industry is set for a major shake-up as the Insurance Authority (IA) announced new commission rules for participating life policies, effective 1 January 2026. Under the new framework-dubbed by market participants as Hong Kong's version of "unified reporting and sales"-insurers can pay no more than 70% of total commission in the first policy year, with the remaining amount to be distributed evenly over at least the next five years.
AXA Hong Kong and Macau (AXA) has launched its new "AXA Health Concierge" service, providing eligible customers with a comprehensive, one-stop health management solution across Hong Kong and mainland China.
Prudential Hong Kong in a strategic partnership with Foshan Fosun Chancheng hospital and the Hong Kong Integrated Oncology Centre will further expand cross-border medical expenses direct billing services for cancer treatment across the Greater Bay Area.
More than three fourth (77%) of respondents to a survey define health as "living independently and doing what's important" according to a new survey by Manulife Hong Kong and Macau.
(From left) Mr Cheng Yan-chee, Ms Julia Leung, Mr Eddie Yue, Mr Clement Cheung and Mr Chaucer Leung
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.