The Hong Kong Consumer Council has advised motorists to understand the adequacy of their cross-border motor insurance policies and the differences in coverage concepts between Hong Kong and mainland China.
HDI Global (HDI) has appointed to its Hong Kong branch Mr Daniel Lau as director, Asia Pacific network, subject to regulatory approval and Mr Michael Ahn as CEO.
Insurers are expanding into the family office space in Hong Kong and Singapore to target the needs of wealthy families in line with consumer demand, says global management consultancy McKinsey & Co.
Cigna Healthcare Hong Kong is debunking misconceptions surrounding health insurance among Hongkongers with a digital-led campaign to engage the public on health insurance.
The Insurance Authority (IA) is committed to reviewing the different parameters embedded in the risk-based capital (RBC) regime, with an emphasis on creating sufficient incentives for insurers and broker companies to place larger volumes of business in Hong Kong, according to the agency's chairman Mr Stephen Yiu.
Prudential Hong Kong has appointed Mr Edward Dai as general manager of its Macau branch office. Mr Dai succeeds Mr Chris Ma, who has retired.
Wealthy individuals in Hong Kong have shown a marked shift towards using digital channels to manage wealth and a willingness to embrace AI-guided wealth management, according to the findings of a survey of 500 rich individuals in the territory conducted by Capco, a global management and technology consultancy.
Insurers in Hong Kong generated new business premiums of HK$29.7bn ($3.8bn) from mainland Chinese visitors (MCVs) in the first six months of this year, according to data from the Hong Kong Insurance Authority.
The community programme, called "Hoops+Health", is inspiring engagement, activity and healthy living through basketball by improving community access to courts and education across six Asian markets.
The Hong Kong insurance industry showed a rise of total gross premiums by 5.1% to HK$310.9bn ($39.9bn) for the first half of 2024 over the corresponding period in 2023, according to provisional data released by the Insurance Authority (IA).