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  • April 21, 2014
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  1. News - China - ENVIRONMENT

    Chinese insurer offers smog insurance policy, the first of its kind

    Posted Mar 19th 2014, 04:49am by Li Jing

    ... firm has rolled out a new smog-focused health insurance- the first of its kind nationally- which compensates Beijingers made ill by air pollution with up to 1,800 yuan (HK$2,270). The product was rolled out as the capital once again ranked among the 10 most polluted mainland cities in the latest figures published yesterday. The insurance from the People's Insurance Company of China ...

    http://www.scmp.com/news/china/article/1451988/chinese-insurer-offers-smog-insurance-policy-first-its-kind
  2. Business - Economy - REGULATION

    Insurance oversight body moves step closer

    Posted Apr 17th 2014, 01:10am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The creation of an independent Insurance Authority is expected next year, with the authorities readying a bill on reform this month Insurance oversight body moves step closer The government will proceed with the long-awaited insurance regulatory reform by submitting a bill at the end of this month to set up an independent Insurance Authority ...

    http://www.scmp.com/business/economy/article/1484956/insurance-oversight-body-moves-step-closer
  3. Business - China Business - INSURANCE

    Value and stable growth top Chinese insurers' agenda

    Posted Apr 12th 2014, 12:59am by Kwong Man-ki

    ... channels Value and stable growth top mainland insurers' agenda Strong premium growth of the past is likely to ease this year as mainland insurers turn their focus from volume to value and pursue new strategies to boost long-term profitability. When outlining this year's development strategy, Yang Mingsheng, the chairman of the mainland's largest insurer China Life ...

    http://www.scmp.com/business/china-business/article/1476909/value-and-stable-growth-top-chinese-insurers-agenda
  4. News - Hong Kong

    'Dumped' HK$28m painting ‘covered by insurance’

    Posted Apr 10th 2014, 01:38pm

    ... Poly Culture Group Corporation, said: “The [corporation board] wishes to emphasise that Poly Auction Hong Kong has maintained insurance coverage for the auction items in terms of the administration of auction items at the preview exhibitions and auctions. “All the damages or loss of auction items within our scope of insurance coverage will be handled and compensated properly ...

    http://www.scmp.com/news/hong-kong/article/1473477/dumped-hk28m-painting-covered-insurance
  5. Business - Banking & Finance - INSURANCE

    Chinese tourists buy 16pc of life insurance sold in Hong Kong

    Posted Apr 07th 2014, 10:08am by Enoch Yiu

    ... insurance to buy list More mainland tourists are buying insurance in Hong Kong- spending HK$15 billion last year- a trend industry insiders fear could lead to complaints if sales are not handled carefully. Mainland tourists' share of new life insurance sold in the city grew to 16 per cent last year from 13 per cent in 2012, 9 per cent in 2011 and 4 per cent in 2010. Hong Kong insurance ...

    http://www.scmp.com/business/banking-finance/article/1466841/mainland-tourists-buy-1-6-life-insurance-policies-sold-hong
  6. Business - Banking & Finance

    Natural disasters help insurance industry grow in Asia

    Posted Nov 06th 2013, 03:42pm by AFP

    ... Agence France-Presse in Singapore Asia’s vulnerability to natural disasters is helping drive the insurance industry in the region, an international conference in Singapore heard ... bank chief told the conference. “The prospects in Asia are especially bright. The Asian risk landscape is transforming rapidly, generating robust demand for insurance and reinsurance,” said ...

    http://www.scmp.com/business/banking-finance/article/1349000/natural-disasters-help-insurance-industry-grow-asia
  7. Business - Banking & Finance - REGULATION

    Sales of traditional insurance products benefit from tighter rules on investment-linked policies

    Posted Mar 31st 2014, 11:51am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Insurers back to basics amid new rules A tightening of the regulations on investment-linked insurance policies since July has made insurers shift focus ... insurance policies rose 11.7 per cent from 2012 to HK$19.1 billion last year. The growth rate was lower than that of premiums from traditional insurance policies, which rose more than a fifth ...

    http://www.scmp.com/business/banking-finance/article/1461602/sales-traditional-insurance-products-benefit-tighter-rules
  8. News - Asia - Flight MH370

    Insurers face US$450m bill for search for missing Malaysia Airlines flight

    Posted Mar 31st 2014, 11:41pm by DANNY LEE, Angela Meng

    ... Danny Lee and Angela Meng in Kuala Lumpur Malaysian prime minister set to visit Perth to observe multinational search for debris Insurers facing US$450m bill for missing plane Malaysian Prime Minister Najib Razak will visit Perth to observe the search for flight MH370, the government said last night, as Standard & Poor's warned that insurers faced paying out up ...

    http://www.scmp.com/news/asia/article/1462013/insurers-face-us450m-bill-mh370
  9. Business - Banking & Finance - BANKING

    China's nervous savers show need for deposit insurance

    Posted Mar 29th 2014, 01:13am by Reuters

    ... Reuters in Singapore Mainland government expected to complete law on protection soon, after recent bank run Nervous savers show need for deposit insurance This week's run on a small ... The panic soon spread to other branches in the area, which by Wednesday were exhibiting stacks of cash to try to calm depositors. "It is logical that the Chinese government wants to insure bank ...

    http://www.scmp.com/business/banking-finance/article/1459895/chinas-nervous-savers-show-need-deposit-insurance
  10. News - China - Flight MH370

    Families of some passengers on missing Flight MH370 receive insurance payouts

    Posted Mar 27th 2014, 03:35pm by Reuters in Beijing

    ... Reuters in Beijing Payments of between 500,000 and 4.17 million yuan paid or offered in compensation to families of passengers on missing Flight MH370 Chinese insurance companies have ... The families of seven passengers received 4.17 million yuan (HK$5.25 million) in compensation on Tuesday, China Life, the country’s largest insurance company, was quoted by Xinhua as saying. China Life ...

    http://www.scmp.com/news/china/article/1458466/families-some-passengers-missing-flight-mh370-receive-insurance-payouts

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