The insurtech attributes achievement to its tech-first approach and positive performance of flagship offerings, such as digital assets protection and pet insurance.
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.
Majority of losses come from motor line, with Office of the Insurance Commission announcing new disaster management measures to expedite industry response to floods.
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.
