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  • November 22, 2014
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  1. Investments help lift ECIC profit 37pc

    Posted Jul 13th 2006, 12:00am by Enoch Yiu

    ... Enoch Yiu Government insurer also cites fall in claims and export rise for strong result Fewer claims and a better return on its investments helped to boost net profits at government-owned Export Credit Insurance Corp (ECIC) to $117.92 million for the year to March, representing a strong 37.2 per cent annual growth on its total surplus. 'The better than expected investment ...

  2. Shops seek someone to blame for losses

    Posted Apr 15th 2006, 12:00am by Paggie Leung

    ... pointing at the damaged ceiling. He had accident insurance but had yet to find out whether it was enough to cover all costs. 'Our business will not get back to normal before the Easter ... any insurance, other than insuring our clients' property and our staff,' he said, adding that he might work with other shops and nearby banks to claim for damages. Most shops ...

  3. Insurers cleared to invest billions in projects

    Posted Mar 21st 2006, 12:00am by Staff Reporter

    ... Bei Hu The China Insurance Regulatory Commission (CIRC) yesterday announced a new pilot programme clearing mainland insurers to channel at least 30 billion yuan into the nation's largest infrastructure projects. Effective immediately, life insurance companies will be able to invest up to 5 per cent of their total assets in infrastructure projects. Non-life insurers ...

  4. Free insurance offer for 300,000

    Posted Dec 16th 2006, 12:00am by Klaudia Lee

    ... Klaudia Lee The largest trade union in Hong Kong is to offer its 300,000 members free travel and accident insurance worth HK$200,000 to celebrate its 60th anniversary. It hopes to expand membership, too, but the Beijing-friendly Federation of Trade Unions denies the scheme- underwritten by the Bank of China Group Insurance Company- is a vote-getting gimmick ahead of district council ...

  5. Insurer seeks team player to fill role of product actuary

    Posted Aug 26th 2006, 12:00am by Elizabeth Horscroft

    ... Elizabeth Horscroft A cool-headed, qualified actuary with at least six years of experience in the life insurance industry is needed to fill a managerial position with a worldwide insurance company. AXA Hong Kong is planning several new initiatives to ensure continued growth. Strategies in the pipeline include enhancing the range of life insurance products, expanding wealth management ...

  6. $18m insurance scam a wake-up call

    Posted Jun 17th 2006, 12:00am by Dennis Eng

    ... Dennis Eng Caution urged after cracking of syndicate that blinds mainlanders and files claims for compensation The fraud-prone insurance industry has received a 'wake-up call' ... as an isolated one of this scale by the industry, highlighted the need for insurers to improve their due diligence when checking and establishing the circumstances of a claim, insurance-sector lawmaker ...

  7. Disaster costs force review

    Posted Jul 22nd 2006, 12:00am by Chris Davis

    ... is that the global reinsurance industry has had to review the way it does business. Susanna Lam, director and general manager of Miller Insurance Services (Hong Kong), the local arm of the British-based ... Wanda, which hit Hong Kong directly in 1962 and killed 130 people, could today cause up to $6 billion in damage. Ms Lam said the 'disaster' models used by insurers to calculate fees may ...

  8. Agents bilked insurance companies, court told

    Posted Feb 15th 2006, 12:00am by Staff Reporter

    ... Chandra Wong Three agents cheated insurance companies out of $36.5 million in advance commissions in an elaborate scam in which more than 2,000 people were induced to sign up for what they thought were insurance policies offered free for a year, a court heard yesterday. The trio put money into the clients' bank accounts to cover payments on the policies until the commissions ...

  9. Bus crash has a lesson for tourists and tourism

    Posted May 21st 2006, 12:00am by Staff Reporter

    ... in foreign lands, home is just a mobile phone call or an e-mail away. With advice on health and safety and travel insurance, it can seem as if nothing much can go wrong. Most holidays are indeed ... be sensible to have insurance that covers emergency needs in the event of any unavoidable administrative or legal obstacles to payment of compensation. ...

  10. Half of travellers from HK have taken insurance since tsunami

    Posted Mar 30th 2006, 12:00am by Agnes Lam

    ... Agnes Lam About half of local travellers have taken out insurance since the Boxing Day tsunami in 2004, compared with one in five before the disaster, industry estimates show. The heightened awareness is reflected in the rising number of complaints filed against insurance companies, according to figures from the Insurance Claims Complaints Bureau. The number of complaints sent ...




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