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  • September 16, 2014
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  1. Insurers step up battle for agents

    Posted Jun 03rd 2004, 12:00am by Staff Reporter

    ... of distribution at Manulife, Hong Kong's second-largest life insurer and pension provider, said it was a marked turnaround from a year ago. At the trough of the economic downturn last year, many ... Kelvin Wong Hong Kong's insurance companies are facing a new challenge. After recovering from tough economic conditions last year, they now find themselves in a battle to recruit new ...

  2. HSBC seeks to sell general insurance unit

    Posted Sep 29th 2011, 12:00am

    ... a number of insurance companies offering to sell its entire general insurance portfolio for about US$1 billion. It has no plans to sell its life and pension business, which is more profitable. ... and branches in order to cut global expenses by US$2.5 billion to US$3.5 billion annually by 2013. Gulliver also said the group's insurance business would focus on 'life, pension ...

  3. Insurance for a bright career

    Posted Feb 25th 2006, 12:00am by Kashish Sakhrani

    ... such as employees' compensation insurance and group life insurance. HSBC is also looking to recruit insurance relationship managers, who will work closely with the broking arm to provide clients ... planning and management, and this is creating new interest in wealth management services. The city's leading bank, HSBC, believes it needs to maximise growth opportunities in the insurance ...

  4. Nurses the last to ask about work-life balance

    Posted Oct 04th 2007, 12:00am by Staff Reporter

    ... Chester Yung If you want advice on how to strike a happy balance between your work and personal life, do not ask a nurse. A happiness index of 900 people in 20 fields of work showed that nearly three-quarters of health care workers questioned in the survey did not feel they had a balanced professional and personal life. With just 26 per cent of health care workers saying ...

  5. Mainland revamps pension schemes

    Posted May 28th 2007, 12:00am by Staff Reporter

    ... insurance officer of Ping An Insurance, the country's second-largest life insurer. Government guidelines on management fees have been set at 0.2 per cent for trustees, 0.2 per cent ... ING's two insurance ventures, ING Capital Life and Pacific Life Insurance, are also expecting to expand into the area by setting up the pension subsidiaries. While the licences offer ...

  6. HSBC offers mortgage cover

    Posted Nov 02nd 2003, 12:00am by Chris Oliver

    ... not only this valuable asset but also their own credit rating,' she says. 'While life-insurance policies will provide cover for outstanding debt upon death, they do not offer financial ... Chris Oliver Mortgage holders worried about loss of income due to unemployment or illness can ameliorate the risk with a new insurance product offered by HSBC, one of only two policies ...

  7. Regulator aims for market-driven system

    Posted May 28th 2007, 12:00am by Staff Reporter

    ... of total assets, is made up of three parts. These are a basic pension required by the law and managed by local government agencies, enterprise annuities, and commercial insurance operated by insurers such as China Life Insurance and Ping An Insurance. The shift of enterprise annuities' management signals not only an overall structural reform that moves away from ...

  8. Cost of insuring against layoffs to decrease in Guangzhou

    Posted Dec 08th 2008, 12:00am by Staff Reporter

    ... Staff Reporter Guangzhou businesses will pay less every month to insure their workers against unemployment. Cui Renquan, head of the city's Bureau of Labour and Social Security, said ... cent. The unemployment-insurance fund, at 8.5 billion yuan (HK$9.6 billion), pays out between 300 million and 500 million yuan a year. 'The fund is enough to pay our insured workers ...

  9. Health scheme insurers would face tight rules

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

    ... Loretta Fong The government will impose conditions on insurance companies if plans for mandatory health insurance or a mixed insurance and savings scheme under its health reform proposals are realised, a government source said yesterday. Administration fees would be regulated, the source said. Such fees should only equal administration costs incurred by insurance firms. According ...

  10. Success of medical insurance plan hinges on facilities: official

    Posted Aug 16th 2007, 12:00am by Staff Reporter

    ... Jane Cai The success of an ambitious medical insurance project to cover 240 million urban residents outside the workforce will depend on the quality of health facilities, Vice-Minister ... people who had been left out of existing insurance schemes. A Chinese Academy of Social Sciences report released last year said 65 per cent of mainlanders were not covered by basic medical ...




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