Hong Kong

Hong Kong underwriting profits fell sharply in 2023

March 8 2024

Extreme weather and a struggling property market paved the way for big drops across multiple lines, according to provisional Insurance Authority data.

Cyber incidents surge among Hong Kong SMEs QBE survey reveals

March 8 2024

30% of SMEs reported hacking incidents, up from 18% the year prior, as survey highlights gaps between business concerns and insurance coverage.

AXA launches women-exclusive health centre in Hong Kong

March 8 2024

AXA and Chiron Medical launch health centre with all-female medical team and which offers services exclusively for women.

Insurance industry gender pay gap persists in APAC; Australia leading regional peers

March 8 2024

But despite Australia's strong international performance, finance and insurance is second worst sector domestically, as insurance and superannuation gap widens in last three years.

ICAC charges ex-Insurance Authority director over coercive hiring allegations

March 8 2024

Hong Kong's corruption watchdog charges Hui Mei-ying and daughter-in-law with misconduct in Prudential hiring case, with both granted bail.

crawford-company-appoints-zakky-cheng-as-country-manager-for-hong-kong

Crawford appoints Zakky Cheng as Country Manager for Hong Kong

March 7 2024

Cheng's expanded remit sees him maintain his role as Managing Director of Crawford Taiwan in addition to leading the 40+ Hong Kong team.

hong-kong-insurance-authority-enforces-prohibition-orders-on-three-agents-for-unfit-conduct

Hong Kong Insurance Authority enforces prohibition orders on three agents for misconduct

March 4 2024

IA imposes bans due to submission of false academic certificates and impersonation to access account information.

hong-kong-launches-insurance-industry-climate-charter

Insurance Industry Climate Charter launched in Hong Kong

March 1 2024

The Hong Kong Federation of Insurers unveils Climate Charter tailored to the local industry and backed by 33 (re)insurers.

HSBC Life breaks world record with US$250m life insurance policy

February 29 2024

New Guinness World Record set in Hong Kong as US$250m individual life insurance policy eclipses previous US$201m record certified in California.

blue-cross-asia-pacific-holds-firm-with-a-ratings-and-stable-outlook

S&P affirms Blue Cross's A+ ratings with stable outlook

February 29 2024

Blue Cross's ratings maintained following update to S&P's risk-based capital assessment criteria.

Hong Kong earmarks ILS and captives in 2024-25 budget

February 28 2024

ILS and captives key measures among other insurance-relevant plan and align with Insurance Authority's 2024-25 twin priorities.

hong-kong-pah-industry-to-hit-hk28-5bn-by-2028-globaldata

Hong Kong PA&H insurance to hit HK$28.5bn by 2028: GlobalData

February 21 2024

GlobalData projects 7.4% CAGR over the next five years amid rising health costs and increasing demand.

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