Chubb Life Hong Kong has launched the Chubb MyLegacy Multi-Currency Insurance Plan, which offers a customised life event settlement option and can be convertible to another currency.
Following an on-site inspection carried out by Hong Kong's Insurance Authority (IA) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (AMLO)1,2, FWD Life Insurance Company (Bermuda) has been ordered to pay a pecuniary penalty of HK$19.5m ($2.5m).
Preparing the next generation to manage inherited wealth is becoming a key concern for Asian families, according to a new Sun Life Asia study.
The biggest threat to preserving wealth across generations may not be market volatility or family conflict, but whether beneficiaries are ready to manage what they inherit, according to new research by Sun Life Asia.
FWD Life Insurance Company (Bermuda) Limited has been ordered to pay a HK$19.5m penalty by Hong Kong's insurance regulator over shortcomings in the insurer's controls on third-party payments. The Insurance Authority (IA) imposed the penalty following an on-site inspection under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615).
Zhibao Technology announced that its reinsurance subsidiary, Zhibao Labuan Reinsurance Company (Zhibao Labuan Re), is expanding its operations into Hong Kong and Southeast Asia.
Mainland Chinese Insurers are investing in Hong Kong exchange traded funds (ETFs) after regulators cleared such activity last month.
Lockton has appointed Ms Victoria Yow as Head of People Solutions, Hong Kong.
The Hong Kong insurance regulatory authority, The Insurance Authority, plans to integrate insurance into urban planning to ensure the city's resilience against climate change.
Sun Life Hong Kong has launched a new premium healthcare ecosystem aimed at providing patients with structured administrative and medical support before treatment begins.