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  • July 25, 2014
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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

    ... Enoch Yiu enoch.yiu@scmp.com Dearth of investment options, rather than currency depreciation, is seen as the main challenge facing growth of yuan products in HK Yuan life policies 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 ...

    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 - Banking & Finance - INSURANCE

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

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

    ... International, over its recommendation of ILAS plans. Hobbins alleged that, in paying US$1 million in fees to Clearwater over eight years, ILAS vendors such as Royal Skandia Life Assurance bribed ...

    http://www.scmp.com/business/banking-finance/article/1540781/forced-disclosure-clause-draft-insurance-bill-could-kill
  5. 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
  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 ...

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

    Sun Life pins hopes on agents for sales

    Posted Dec 09th 2013, 04:50am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Canadian insurer plans to double its HK agent headcount in the next three years to expand its life insurance and pension businesses Sun Life pins hopes on agents for sales While Zurich Insurance has decided to abandon sales through agents, Canadian insurer Sun Life Financial is going in the opposite direction and plans to almost double the number ...

    http://www.scmp.com/business/companies/article/1376215/sun-life-pins-hopes-agents-sales
  9. Business - Economy - INSURANCE

    China among countries underinsured against natural disasters, says ADB

    Posted Apr 23rd 2014, 12:50am by Jeanny Yu

    ... eight Asian economies underinsured against non-life losses. These are Bangladesh, the mainland, Hong Kong, India, Indonesia, Philippines, Thailand and Vietnam. The mainland appears to be the most underinsured in monetary terms, with US$79.6 billion worth of underinsurance against non-life losses in 2011. ...

    http://www.scmp.com/business/economy/article/1494728/china-among-countries-underinsured-against-natural-disasters-says
  10. 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 ... "Technology can help integrate finance with people's daily life, and internet finance will strengthen sales channels." The two were pointing to the new direction of the latest round ...

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

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