The National Financial Regulatory Administration (NAFR) has addressed more fully questions about allowing cross-border insurance access between mainland China and Hong Kong and Macau.
Peak Reinsurance's net profit reached a record level of $200m in 2023, supported by improvements in reinsurance service results and investment performance under new international accounting standards, notes AM Best.
Hong Kong-headquartered Pan-Asian life and health insurance group, FWD Group Holdings, has reported an operating profit after tax of $223m for the the six months ended 30 June 2024. This figure is stable when compared to the corresponding period in 2023.
Pan-Asia insurer AIA Group yesterday announced that it had chalked up a record value of new business (VONB) for the first half of this year, which rose by 25% to $2,455m.
The majority of the working population in Hong Kong suffers from multiple mental health problems related to work, and disengagement is alarmingly high, according to the latest findings from the AXA Study of Mind Health and Wellbeing 2024.
Natural catastrophes jumped by five places to become the top risk named by businesses in Hong Kong, according to the Allianz Risk Barometer 2024, the 13th edition to date.
FWD Group Holdings (FWD) has announced the expansion of its award-winning financial literacy programme, JA SparktheDream, in Vietnam.
Following the recent launch of its new brand, Chow Tai Fook Life Insurance Co (CTF Life) has launched its new Prime Treasure Savings Insurance Plan (Prime Treasure).
The Insurance Authority (IA) has announced that it would start charging fees for processing insurance intermediary licence applications and related notifications from 23 September 2024 onwards.
The Insurance Authority (IA) has invoked powers under the Insurance Ordinance (IO) to appoint managers to take full control of the affairs and property of Tahoe Life Insurance Company, the regulator said in a statement on 26 July 2024.