The Hong Kong insurance industry posted a 12.2% increase in total gross premiums to HK$165.1bn ($21.1bn) in the first quarter of 2024, according to provisional statistics released by the Insurance Authority (IA).
The Global Asia Insurance Partnership (GAIP) and Nanyang Technological University (NTU) have launched the 2024 NTU-GAIP Insurance Case Competition, focusing on AI.
AIA Group (AIA or the Group) has opened its redeveloped group headquarters at 1 Stubbs Road, Wan Chai in Hong Kong. The AIA Building is Hong Kong's first urban campus and is wholly owned, operated and solely occupied by AIA.
Manulife Hong Kong has announced a two-year strategic partnership with Mind HK, a Hong Kong-based mental health charity, to raise public awareness of the importance of mental health and to influence the development of mental health support services in Hong Kong.
The Insurance Authority, Hong Kong's regulator, has welcomed a decision made by the government to appoint Mr MM Lee as executive director of general business and Mr Marty Lui as executive director of long term business.
The Hong Kong Insurance Authority (IA) says that its inspections, intelligence received, and mystery shopping have continued to reveal business models adopted by certain licensed insurance broker companies that appear obviously to rely on unlicensed persons to sell long-term insurance policies to Mainland China Visitors (MCVs).
The Hong Kong Export Credit Insurance Corporation (HKECIC) has announced the signing of meeting minutes with the Guangdong and Shenzhen branches of China Export & Credit Insurance Corporation (SINOSURE) in Guangzhou.
Sun Life has introduced the SunWell Series, a new suite of critical illness protection plans, across Asia.
Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.
Hong Kong's Insurance Authority (IA) published its consultation conclusions on six draft rules concerning the implementation of a risk-based capital (RBC) regime in April 2024. This action follows the Legislative Council passing the Insurance (Amendment) Ordinance 2023 and subsequent publishing of the six draft rules for public consultation in December 2023 and January 2024.