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  • July 22, 2014
  • Last updated: 6:07pm
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  1. Insurance agents face scrutiny

    Posted Aug 25th 2003, 12:00am by Enoch Yiu

    ... the mainlanders should understand they could not buy motor insurance and employee compensation policies in Hong Kong as mainland law required them to buy these two types of product issued by Chinese ... insurance regulators on both sides of the border to take steps to crack down on clandestine selling activities. Insurance Commissioner Benjamin Tang Kwok-bun said the Insurance Authority had held ...

  2. Insurance idol wary of old ladies with sticks

    Posted Jul 08th 2003, 12:00am by Enoch Yiu

    ... A GOOD KNOWLEDGE in mathematics helped Edmund Tse secure his first job in Hong Kong's largest life insurance company American International Assurance (AIA) in 1961, although he was not quite sure about calculating risks and setting prices for insurance policies. Now, he is the chairman & chief executive of AIA and senior vice-chairman and co-chief operating officer ...

  3. Lloyd's eyes insurance growth in China

    Posted Oct 02nd 2003, 12:00am by Enoch Yiu

    ... Expansion aims to balance the global exposure of the industry's oldest player Lloyd's, the world's oldest insurance provider, has applied for a licence to operate in China. Lloyd's general representative for Hong Kong, Cameron Murray, said the expansion plan in China also intended to balance the 335-year-old insurance market's global exposure. 'Lloyd's ...

  4. Insurers join police in crackdown on illegal policy sales

    Posted Sep 01st 2003, 12:00am by Enoch Yiu

    ... Agents selling coverage without the consent of the client to boost performance Insurance industry bodies and the police are working to crack down on the sale of policies without the consent of buyers - a tactic used by unscrupulous salespeople to boost their performance. A letter from the police to the Hong Kong Federation of Insurers (HKFI), obtained by the South China ...

  5. HK people lack adequate coverage

    Posted Sep 01st 2003, 12:00am by Enoch Yiu

    ... An industry survey shows that locals are insured for only 43pc of their needs Hong Kong people are seriously under-insured, with fewer people buying insurance products than in other advanced markets, according to a study. David Alexander, chairman of a Hong Kong Actuarial Society (HKAS) working committee, said locals had insurance cover representing only about 43 per cent ...

  6. China Life clears deck for maiden stock issue

    Posted Nov 06th 2003, 12:00am by Christine Chan

    ... Christine Chan Largest mainland life insurer's listing is expected to be biggest offering this year Amid much fanfare in August, China Life Insurance wrapped up a restructuring that officially splits the company into two entities, opening the way for its multibillion-dollar overseas flotation in Hong Kong and New York this year. China's largest life insurer is expected ...

  7. PICC in landmark offering

    Posted Oct 27th 2003, 12:00am by Christine Chan

    ... Christine Chan When completed, the $5b share sale will cover the insurer's capital requirements PICC Property & Casualty launches the first public offering by a mainland insurer ... of this year, better capitalised foreign property insurers will be given enhanced access to China's insurance market ahead of a full market opening a year later. But Mr Tang said domestic firms ...

  8. Insurers poised for bigger stake in mainland rivals

    Posted Sep 30th 2003, 12:00am by Ben Kwok, Enoch Yiu

    ... But telecom industry has doubts over the value of new partnership initiatives Hong Kong insurance companies will be able to hold higher stakes in mainland rivals in a move likely to prompt more merger and acquisitions in the greater China market. Under the Cepa details announced yesterday, a Hong Kong insurer will be able to hold up to 24.9 per cent of a mainland domestic ...

  9. Insurance puts drunks in the driver's seat

    Posted Aug 19th 2003, 12:00am by Staff Reporter

    ... An invitation to drink and drive? Or a blessing for the victims of drunks? A Shanghai insurer's policy offering accident cover to drivers under the influence of alcohol is stirring controversy. Shanghai Tianan Insurance has sold 400 of the one-of-a-kind policies, which cover up to 70 per cent of the compensation accident victims claim from drunk drivers. 'Policyholders can ...

  10. Insurers seek cap on worker payouts

    Posted Dec 30th 2003, 12:00am by Enoch Yiu

    ... But insurers want the cap to apply to all types of payouts under workers' compensation policies, which employers are required by law to purchase. At present, a worker can get a maximum $2 million ... Enoch Yiu Premiums will soar unless a limit is imposed on the compensation paid to injured employees, warn companies Insurance companies want to cap compensation payouts to people who die ...




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