Manulife has unveiled a brand campaign in Hong Kong to empower the younger segment to rethink their mandatory provident fund (MPF) and take control of their retirement planning.
A family wealth management survey recently conducted by Hang Seng Bank that interviewed over 500 Hong Kong residents aged 30 to 55 with liquid assets of HKS1m ($130,000) or more revealed that young affluent families set a savings goal of HK$18m to achieve various life objectives. However, many respondents lack a comprehensive financial plan.
A recent survey by business insights company MDRi, has revealed a diverse array of health and medical insurance needs across Hong Kong and Singapore.
The AIA Group is expected to report a 23% year-on-year growth in its value of new business (VONB) for the fourth quarter of 2024, driven by a rebound in China and strong sales in Hong Kong and Singapore, according to UOB KayHian.
Howden Hong Kong has appointed Mr Steve Hutchinson as chief broking officer.
FWD Hong Kong has finalised a long-term bancassurance agreement with Bank SinoPac. This move is being viewed as a strategic one to broaden its market presence among high-net-worth individuals and commercial clients.
FWD Hong Kong has signed a long-term bancassurance agreement with Bank SinoPac, marking a strategic move to broaden its market presence among high-net-worth individuals and commercial clients.
Manulife Asia has signed a three-year exclusive premier sponsorship agreement with the Million Dollar Round Table (MDRT), a global, independent association of the world's leading insurance and financial services professionals from 85 nations and territories and more than 700 companies.
Hong Kong life insurance sales in the first nine months of 2024 set a record mainly driven by local customers. According to Insurance Authority (IA) Hong Kong new life insurance sales in the January -September 2024 period were HKD169.7bn ($21.8bn), the highest since the authority was set up in 2016.
Population ageing presents a multifaceted challenge to society and at the same time creates significant opportunities for the insurance industry in developing the silver economy and narrowing protection gaps.