FWD saw the value of new business hit US$482m, with the businesses' results boosted by the return of Chinese visitors to Hong Kong and Macau, strong bancassurance partnerships, and expanded agency presence...
The Hong Kong Monetary Authority has announced it will expand its Fintech 2025 plan beyond banking to include insurance, wealth management, and capital markets.
The Hong Kong headquartered insurer also saw a 50% increase in net profit, with results attributed to strong sales recovery in key markets and its bancassurance strategy.
AM Best's latest global reinsurance rankings saw China Re slip two places when measured by life and non-life GWP, while the Asia region's combined ratio continues to hover above 100%.
CBIC's financial strength and credit ratings were maintained as 'Excellent', with the business maintaining a strong balance sheet and an average CR beneath 90% for the last five years.
CPIC Life (HK) has launched the 'Ever-growing Whole Life Insurance Plan', offering both protection and savings, and guarantees a minimum percentage death benefit of the policy's notional amount.
