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  • September 19, 2014
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  1. Sars becomes HK insurers' second-biggest catastrophe

    Posted Jul 11th 2003, 12:00am by Enoch Yiu

    ... Kong Federation of Insurers (HKFI) survey showed 72 life-insurance claims were made for Sars victims, amounting to $101.45 million. Some policyholders held several policies. There were also 372 ... the past two years. In the case of Sars, however, Mr Lau believes higher premiums will not ensue in Hong Kong as life policies are mainly related to the mortality trend. Insurance Commissioner ...

  2. Greenberg blasts AIG for planning to sell life insurer AIA

    Posted Mar 27th 2009, 12:00am by Naomi Rovnick

    ... Assurance, its successful Hong Kong-based life insurance business. Mr Greenberg also said he was firmly against AIG's new plan to dilute its ownership in AIA with an initial public offering ... not be found. But Mr Greenberg argued AIG should not sell any more assets. He called AIA, which has the highest life insurance premium income in Asia, 20 million customers and 250,000 agents, ...

  3. Munich Re seeks to expand mainland insurance business

    Posted Jun 23rd 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Munich Re, the world's largest reinsurer, is looking for mainland partners to form life and property insurance joint ventures to tap the world's most ... life insurer on the mainland, to be followed by a property venture later. Beijing allows foreign insurers to sell life and non-life insurance policies only through joint ventures. A foreign ...

  4. PICC Life expects 13.3b yuan in claims from victims in Sichuan

    Posted May 16th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu PICC Life Insurance will shoulder at least 13.26 billion yuan (HK$14.79 billion) in claims from devastated areas in Sichuan province, the biggest insurance losses reported so ... yesterday. The insurer, a unit of PICC Group, had received 102,000 claims as of 8pm on Tuesday, the report said. However, it gave no details on the claims received by the non-life unit, PICC Property ...

  5. Policies that lighten the burden of anxious tourists

    Posted Jul 16th 2005, 12:00am by Tim Metcalfe

    ... becoming part of the Bank of East Asia, our coverage has extended to life insurance, so travel represents a small portion of the company's business. But it is playing a much more important ... Tim Metcalfe Blue Cross senior manager Simon Leung says travel insurance sales surged after the tsunami I HAVE WORKED in insurance for 25 years, since my mid-20s, and joined Blue Cross ...

  6. Insurance giant PICC posts profit rise of 192pc

    Posted Mar 26th 2011, 12:00am by Toh Han Shih

    ... benefit from the rising income of mainland residents and the growth of China's non-life insurance sector, Wu added. PICC's net profit last year beat market expectations, said a report ... position in the mainland non-life insurance market with a market share of 38.2 per cent. Challenges ahead PICC chairman Wu Yan warned competition would intensify this year. But revenue from its ...

  7. Mainland insurers report strong increases in premium income

    Posted May 20th 2008, 12:00am by Staff Reporter

    ... Maria Chan Three mainland insurers saw a strong rise in their income from premiums in the first fourth months of the year, according to statements filed with the stock exchange. China Life Insurance led with 128 billion yuan (HK$143.02 billion). The unaudited accumulated premium income of the country's largest life assurance underwriter jumped 43.17 per cent in the first four ...

  8. Insurers preparing to bend rules for tsunami victims

    Posted Jan 11th 2005, 12:00am by Enoch Yiu

    ... to present a death certificate together with a life insurance claim but some victims of the tsunami have not been found and can only be labelled as missing. Families can apply for a court declaration ... Enoch Yiu Think of insurance companies and the immediate image conjured up is not necessarily one of a sympathetic, benign benefactor. Since the tsunami disaster, however, they perhaps ...

  9. PICC back in the black as claims owing to natural disasters decline

    Posted Aug 22nd 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu PICC Property and Casualty, the mainland's largest non-life insurer by premiums, returned to profit in the first half of the year, helped by Mother Nature. The insurer ... attention to the changes in the economic and financial environments and their effect on the insurance industry, achieve an in-depth understanding of the favourable conditions and difficulties facing ...

  10. Impact on travel cover minimal

    Posted Dec 30th 2004, 12:00am by Staff Reporter

    ... but they have since returned to lower levels. A typical travel insurance policy for a five-day trip to Phuket currently costs between $80 and $100, with life coverage of $500,000 and maximum medical ... Kelvin Wong Travel insurance premiums are unlikely to rise in the wake of Sunday's tsunami catastrophe, according to senior figures in the industry. But while the majority ...




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