Emerging risks | Growth Opportunities | APAC Insurance

Monday, December 29, 2025

Emerging risks | Growth opportunities | APAC insurance

Monday, 29 December 2025
Wang fuk court fire tai po  rein asia

Trending topic:

Wang Fuk Court fire
Tai Po, Hong Kong

Latest from Wang Fuk Court Fire

insurance-payouts-top-hk250m-following-wang-fuk-court-blaze-payouts-top-hk250m-following-wang-fuk-court-blaze
Insurance payouts top HK$250m following Wang Fuk Court blaze
wang-fuk-court-fire-expected-to-be-manageable-for-qianhai-re-despite-softer-premium-scale
Qianhai Re's Tai Po fire loss does not 'materially alter' operating assessment, as AM Best affirms ratings
12000-policies-tied-to-tai-po-fire-as-regulator-ramps-up-claims-support
12,000 insurance policies tied to Tai Po fire as regulator ramps up claims support
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Wang Fuk Court Fire Timeline

massive-blaze-tears-through-tai-po-housing-estate
26 November 2025
Flames have engulfed multiple towers of Wang Fuk Court, prompting the city’s highest fire alarm, and with reports emerging of residents trapped in their homes.
china-taiping-named-as-insurer-in-hong-kongs-wang-fuk-court-tragedy
27 November 2025
The fire has killed at least 94 people, with insurance claims estimated at HK$2.6bn (US$334m), and general property and CAR policies described as "severely underinsured".
hk-insurance-authority-sets-up-dedicated-task-force-to-support-hong-fuk-court-fire-victims
27 November 2025
Insurers have also introduced dedicated hotlines and streamlined claims processes as a result of the deadly blaze.
china-taiping-issues-statement-confirms-it-underwrote-key-policies-wang-fuk-court
28 November 2025
Taiping Hong Kong pledges swift claims handling and full support for those affected by the fire that has killed at least 94 people at the scaffold-wrapped estate.
NFRA
29 November 2025
China's regulator calls on the industry to act swiftly and to focus on the needs of those affected.
hong-kongs-insurance-industry-rallies-to-support-tai-po-fire-victims
01 December 2025
Hong Kong’s insurance sector has introduced fast-track measures while pledging more than HK$100m (US$13m) to support those affected by the Wang Fuk Court fire.
hong-kong-fire-losses-may-exceed-us200m-with-material-portion-expected-to-hit-reinsurers-am-best
02 December 2025
The Tai Po blaze could prompt reinsurers to tighten terms and impose stricter underwriting at upcoming renewals.
Wang Fuk Court fire to raise Hong Kong non-life insurers combined ratio by up to 3 points estimates SP
02 December 2025
Hong Kong's P&C industry expected to maintain an underwriting profit, but firms may review risk retention, pricing, and reinsurance strategies.
aia-collaborates-with-blackrock-and-bny-to-strengthen-investment-platform
03 December 2025
The amount brings the insurer’s total financial aid for those affected by the Wang Fuk Court fire to HK$40m.
hkfi-raises-over-hk9m-for-tai-po-fire-victims
04 December 2025
Insurers raise US$42m to aid victims of Hong Kong's Wang Fuk Court fire, with HKFI-led donation drive raising HK$9.17m.
7600-life-and-1100-property-policies-iussed-to-wang-fuk-court-residents-says-hkia-as-first-payouts-begin
04 December 2025
China Taiping says it has paid HK$5.37m (US$690k) in the first wave of compensation to residents.
taiping-re-china-re-qianhai-re-identified-as-reinsurers-behind-hong-kongs-tai-po-fire
04 December 2025
China Taiping finds itself on both sides of the claims ledger following Hong Kong's deadly Tai Po fire, with its reinsurance subsidiary among three confirmed reinsurers backing the group's primary insurance policies.
Prudential
05 December 2025
Businesses will jointly provide a HK$20,000 (US$2.5k) payout to support medical and daily costs for those hospitalised by the Tai Po fire.
tai-po-fire-losses-to-be-manageable-for-china-taiping-insurance-fitch
05 December 2025
Event to heighten earnings volatility, but capital buffer, reinsurance, and state support will help group absorb claims impact.
china-taiping-hong-kongs-reinsurance-arrangements-capital-buffers-to-absorb-wang-fuk-court-losses-am-best
05 December 2025
AM Best has affirmed the insurer’s ratings, noting the net retained loss is expected to be manageable.
chubb-and-generali-join-wave-of-hong-kong-insurance-donations-for-tai-po-fire-survivors
05 December 2025
Chubb, PICC, and Generali Hong Kong pitch in HK$23m to support Wang Fuk Court community.
12000-policies-tied-to-tai-po-fire-as-regulator-ramps-up-claims-support
08 December 2025
Regulator says claims figures still in flux as industry mobilises response to Hong Kong's deadliest blaze in decades.
wang-fuk-court-fire-expected-to-be-manageable-for-qianhai-re-despite-softer-premium-scale
12 December 2025
AM Best said Qianhai Re’s net retained loss from the Wang Fuk Court fire is manageable and does not impact its operating performance assessment.
insurance-payouts-top-hk250m-following-wang-fuk-court-blaze-payouts-top-hk250m-following-wang-fuk-court-blaze
22 December 2025
General insurers have paid out about HK$204m so far, while life insurers have settled HK$41.5m in claims.