Prudential has launched SmartAppoint, a free, value-added service offering extra protection in situations when an insured individual is unconscious or otherwise mentally incapacitated by enabling a family member to settle medical and daily life expenses. This new service is the first of its kind in Hong Kong.
Hong Kong's Consumer Council, an independent statutory body advocating consumer welfare, recently found that the insured amount and premiums of plans under the Voluntary Health Insurance Scheme (VHIS) differed greatly and therefore urged customers to compare VHIS plans carefully based on their personal needs and affordability.
As part of its commitment to transforming from a payer to a true health partner, AXA is enabling better access to mental health and well-being support in Asia. Its latest milestone is the launch of the "Mind Health" programme in Hong Kong, the first employee mental healthcare scheme in the market and one that draws on the company's health expertise to deliver improved outcomes for customers.
The Asian market has been an emerging growth engine of the global economy, presenting enormous opportunities for the insurance industry, thus reinforcing the role of insurance in supporting inclusive growth in the region.
The long-awaited Bill on the Policy Holders' Protection Scheme (PPS) will be ready for introduction into the Legislative Council in the 2020-21 legislative year, providing an essential safety net for policyholders, the Hong Kong Insurance Authority (IA) says in its 2018-19 annual report released yesterday.
On the heels of successfully establishing and launching the first Asian reinsurance sidecar deal 13 months ago, Peak Re has renewed and upsized the Lion Rock Re sidecar to $77m from "high-quality global investors" in 2020 according to an official company announcement.
A newly-forged partnership between HSBC Life Hong Kong and US-based global healthcare provider Preferred Global Health (PGH) provides policyholders of the HSBC Health Goal Insurance Plan (HGIP) with access to 'Global Medical Care Services'. This refers to personalised care and consultation services to enable customers and their families to make informed decisions about their treatment plans and receive ongoing guidance and support.
Tahoe Life Insurance Company Limited has appointed Mr Allan Yu as CEO effective 1 January 2020.
Jason Chu from Sun Life Hong Kong is the reigning Rookie Insurance Agency Leader of the Year.
Hong Kong-based Tahoe Life Insurance has appointed Mr Allan Yu as CEO effective 1 January 2020. He will be responsible for driving growth and sales through multiple distribution channels as well as capitalising on opportunities brought about by the development of the Greater Bay Area.