Bupa Hong Kong has appointed Mr Albert Fung as director of group business and partnerships. In his new role, he will be responsible for developing and executing sales strategies to drive growth in Bupa's group insurance business, with a strong focus on intermediary and partnership channels.
The Insurance Authority (IA), the insurance regulator in Hong Kong has issued a public reprimand on Tahoe Life Insurance Company and also imposed a fine of $10m to be borne by its shareholders' fund.
In Hong Kong, the Eastern Magistrates' Courts convicted and imposed a fine of HK$10,000 ($1,284) on Mr Yan Zhiyu, an insurance intermediary, for failing to attend without reasonable excuse an interview concerning the investigation into suspected misappropriation of premium payment belonging to two policyholders.
These are the updates on insurance regulatory developments in China.
On August 26, Ping An Insurance (Group) Company of China, Ltd announced its interim results for the period ended June 30, 2025.
Shenzhen's insurance industry recorded solid expansion in the first half of 2025, with premium growth outpacing other first-tier cities.
Manulife Hong Kong and Macao has announced three senior leadership appointments. They are Mr Danny Lee as chief health officer, Mr KC Cheung as chief product officer, and Ms Louisa Li as chief strategy officer and head of Macao branch.
Ping An Insurance has once again increased its holdings in rival insurers. An actuary at a mainland insurer told local media that the low-volatility, high-dividend profile of insurance stocks fits closely with insurers' need for long-term stable returns.
The Insurance Authority (IA), the Hong Kong insurance regulator has launched a AI Cohort Programme (AI Cohort) with the participation of seven core insurance groups/ companies.
Bupa Hong Kong has rolled out Blua Health Pass, a subscription-based outpatient healthcare product, designed to deliver accessible local care and empower individuals to take control of their health with ease, flexibility and affordability.