Manulife Hong Kong announces the launch of ManuGrand Saver 2 (MGS 2) and ManuImperial Saver 2 (MIS 2), two new enhanced savings plans that are built on their predecessors launched last year. The plans offer a feature to help customers better manage periods of financial uncertainty and allow for greater flexibility in legacy planning through a contingent life insured option.
HSBC Life has made two senior appointments in Hong Kong to "support its growth agenda while enhancing its ability to bring a multi-channel differentiated health and wellness proposition for individual and business customers".
HSBC Life has announced the following two senior appointments in Hong Kong to support its growth agenda while enhancing its ability to bring a multi-channel differentiated health and wellness proposition for individual and business customers.
The CBIRC has issued a notice to promote innovative cross-border medical insurance products in the Guangdong-Hong Kong-Macau Greater Bay Area.
Singapore-Hong Kong air travel bubble will start on Nov 22. Under the bilateral travel arrangement, residents in Singapore and Hong Kong will be able to visit either city without quarantine or stay-home notice. Air travel bubble travellers may want to consider one non-price distinction between the two: Covid-covered add-on travel insurance, according to a report from The Business Times.
Hong Kong-based Coherent, the provider of digital platforms to insurers, has secured a $14m Series A funding round led by global venture capital fund Cathay Innovation, with participation from Franklin Templeton.
Ping An Insurance Group Co and Sunshine Insurance Group Corp are among companies vying for Tahoe Investment Group Co's life insurance unit, reported Bloomberg quoting people with knowledge of the matter.
Manulife Hong Kong has achieved double-digit growth in its core earnings for the third quarter and the first nine months of 2020. The company recorded growth for both the periods over the corresponding periods in 2019.
A recent supporting parents survey conducted by HSBC found that familial ties remain strong in Singapore with the majority financially supporting their elderly parents. However despite getting financial support from their children, the elderly still experience some degree of financial difficulties. They are also less tech-savvy when it comes to managing their finances and many do not have a professional inheritance plan in place.
The Insurance Authority (IA) has announced the formation of the Disciplinary Panel Pool (DPP) as part of its new disciplinary mechanism for licensed insurance intermediaries and authorised insurers.