In May, BYD was granted approval for the purchase of Yi’an Property and Casualty Insurance and insiders suggest its latest move means its nearly ready to enter China's motor insurance market.
HK's Fire Department received 31,111 fire calls in 2022 and the new product aims to help protect residents with cost-effective premiums and a streamlined process.
FWD ranked sixth globally by count of employees who achieved MDRT status and were number two in Thailand and Philippines, Third in Vietnam and fourth in Hong Kong.
Four insurance companies will be penalised for breaching regulations in sale of insurance products through banks, with further investigations planned for 2023.
