Despite multiple currencies and government systems there is a major business opportunity not only in the region itself but also as a hub for Mainland China.
The combined impact of HK RBC and IFRS 17 has led to an improvement in: product mix, economic valuation, and corporate governance by insurers, says Chow Tai Fook CFO.
Fitch Ratings has affirmed China Life’s IFS rating at 'A+' (Strong) and IDR of ‘A’, with the outlook remaining stable despite challenges in investment income.
A massive expansion in Asia’s middle class means that demographic change will be accompanied by an evolution in the type of health and wealth management products that Asian insurers offer.
Report by insurtech shines a light on importance of digital channels, with younger generations generating over US$240m in premiums for the past year alone.
