Despite the challenges of the COVID-19 pandemic, Manulife Hong Kong posted an 8% increase in its core earnings in the first half of 2020 to HK$2.9bn ($374m) from HK$2.7bn in the same period last year.
Seeking to alleviate COVID-19 fears of Hong Kong-based travellers, Avo Insurance has introduced new travel protection plans for those who need to travel to mainland China.
Oneglobal Broking (Oneglobal) has announced the establishment of Oneglobal Group Asia and that its first operating company, Oneglobal Broking Hong Kong, has received regulatory approval from the Insurance Authority. Asian broking leader Mr Anthony Langridge is appointed chairman of Oneglobal Hong Kong, reporting to Oneglobal group chairman and chairman of Oneglobal Group Asia Mr Jonathan Palmer Brown.
Amid the anxiety and disruption caused by the COVID-19 pandemic, a new survey by Manulife noted that people with insurance policies in Hong Kong are adopting healthier lifestyle habits to improve their physical health and mental wellbeing. They are also showing far greater willingness to embrace digital technology in their daily lives.
With the coronavirus pandemic leading to professionals working from home, the traditional office environment has increasingly become the home. Given such circumstances, Chubb has introduced a new 'Work from Home' insurance policy to enable employers to continue to care for the health, safety and well-being of their employees whilst they work remotely.
As Hong Kong experiences a recent surge in coronavirus cases, AXA is offering enhanced COVID-19 coverage and services to its customers in the territory.
Clement Cheung, CEO of the Hong Kong Insurance Authority, has been re-elected as chairman of the Asian Forum of Insurance Regulators. Mr Cheung's second term is for two years until 2022.
The CEO of Hong Kong Insurance Authority, Mr Clement Cheung, has been re-elected as chairman of the Asian Forum of Insurance Regulators. Mr Cheung's second term is for two years until 2022.
Hong Kong's insurance sector is set to register lower growth in 2020 due to the economic impact of the COVID-19 pandemic, according to data and analytics firm GlobalData. The territory's total insurance premium, which grew by 6.3% in 2019, is expected to only grow by 1.5% in 2020.
Manulife Hong Kong has announced the appointment of four C-level executives to its senior management team to strengthen the company's leadership capabilities and drive its strategic initiatives in Hong Kong, Macau and the Greater Bay Area.