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  1. Business - Money - INSURANCE

    Yuan life insurance policies to remain popular in Hong Kong despite depreciation

    Posted May 19th 2014, 03:22am by Enoch Yiu

    ... to remain popular The depreciation of the yuan in recent months did not hurt sales of yuan life insurance policies as buyers are eyeing the longer-term growth of the currency, according to industry players. BOC Group Life Assurance chief executive Terry Lo Kin-wing said half the new life insurance sales at his company still came from yuan policies during the first quarter, similar to Hong ...

    http://www.scmp.com/business/money/markets-investing/article/1515192/yuan-life-insurance-policies-remain-popular-hk
  2. Business - China Business - INSURANCE

    Hairy crab farmers get hot-weather insurance

    Posted Jul 11th 2014, 11:59am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Swiss Re and China Pacific offer to protect crab farmers against heatwave risk to lucrative trade Insurers' latest hot idea: cover for hairy crabs China's insurance market is developing fast, with policies covering life, cars, property, pets and- hairy crabs. Mainland crab farmers can now insure the crustaceans to protect a business worth ...

    http://www.scmp.com/business/china-business/article/1551807/hairy-crab-farmers-get-hot-weather-insurance
  3. Business - Banking & Finance - INSURANCE

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

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

    ... 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 ... for the insurance industry, said mainlanders had become an important source of business for Hong Kong-based life insurance companies. "They don't just come here for cosmetic products or jewellery ...

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

    Strong profit growth forecast for Chinese life insurers

    Posted Mar 10th 2014, 10:13am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Weaker earnings growth predicted for non-life players due to rising claim costs and the increase in sales of unprofitable car insurance Life insurers see profits rebound on investments The mainland's life insurers are poised to report robust growth in profit last year on the back of strong investment income, but the value of new ...

    http://www.scmp.com/business/china-business/article/1445074/strong-profit-growth-forecast-chinese-life-insurers
  5. Business - Banking & Finance - INSURANCE

    Forced disclosure clause in draft insurance bill could kill industry, insiders complain

    Posted Jun 26th 2014, 09:38am by Jasper Moiseiwitsch

    ... disclosure fuels market talk The insurance industry is buzzing about a clause buried in a draft bill that will launch the Independent Insurance Authority. The clause in the 478-page document says: "The Authority may … require a licensed insurance intermediary to take specified steps to ensure that disclosure is made to its clients of any commission or advantage that the intermediary ...

    http://www.scmp.com/business/banking-finance/article/1540781/forced-disclosure-clause-draft-insurance-bill-could-kill
  6. Business - China Business - INSURANCE

    'Drunk insurance' being sold to Chinese World Cup fans

    Posted Jun 16th 2014, 03:07am by Kwong Man-ki

    ... sold in more than one week through online platform Taobao, while just four football hooligan insurance policies were sold by Friday. Xu Lin, a senior consultant at a life insurance firm, gave ... push themselves to the limit during the late-night endurance effort required of World Cup fever. Running in from the sidelines are insurers with some innovative products that can provide night ...

    http://www.scmp.com/business/china-business/article/1533576/world-cup-fans-offered-novel-insurance-plans
  7. Business - Money - INSURANCE

    Hong Kong consumers angry after being sold complex insurance product ILAS

    Posted Jun 17th 2013, 12:00am by Nicky Burridge, Jasper Moiseiwitsch

    ... In February last year, Leung Chung-yan, 27, had some potentially cancerous masses removed from her breasts. The kindergarten teacher did not have medical insurance to cover the operation and had ... Knowing little about investing, Leung met a friend, Cat Lau, who worked at Convoy Financial Services, an advisory firm. Lau recommended Leung take out Standard Life's "Harvest 101 ...

    http://www.scmp.com/business/money/investment-products/article/1262327/hong-kong-consumers-angry-after-being-sold
  8. Business - Money - INSURANCE

    SFC to step up oversight of investment-linked insurance

    Posted May 21st 2014, 01:11am by Enoch Yiu

    ... regulators are set to tighten regulation of insurance companies that created controversial investment-linked insurance life policies after scandals and high profile probes forced watchdogs to close ... sharing for staff selling these products. Investment-linked insurance policies are a combination of a life insurance policy and an investment fund which allow policyholders to choose how to invest ...

    http://www.scmp.com/business/money/markets-investing/article/1516720/sfc-step-oversight-investment-linked-insurance
  9. Business - China Business - INSURANCE

    Value and stable growth top Chinese insurers' agenda

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

    ... 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 ... of transformation of the insurance sector in terms of product mix and sales channels. "The transformation is positive for Chinese life insurers amid competition from trust and wealth management ...

    http://www.scmp.com/business/china-business/article/1476909/value-and-stable-growth-top-chinese-insurers-agenda
  10. Business - China Business - INSURANCE

    China Life profit rises 68pc

    Posted Aug 29th 2013, 12:00am by Kwong Man-ki

    ... half China Life Insurance, the mainland's largest insurer, said its first-half net profit grew 68.1 per cent on the back of strong investment income and fewer impairments. It warned rising ... in premium income was boosted by the launch of a new single-premium bancassurance product in June that offers a relatively low margin. Mainland life insurers have been seeking to boost bancassurance, ...

    http://www.scmp.com/business/china-business/article/1300214/china-life-profit-rises-68pc

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