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  • November 26, 2014
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  1. 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 ...

  2. 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 ...

  3. Reforms, rogue agents on agenda of insurers' chief

    Posted Aug 04th 2008, 12:00am by Enoch Yiu

    ... But that was how Agnes Koon Woo Kam-oi began her first day in the industry more than two decades ago. The first chairwoman of the Hong Kong Federation of Insurers since the federation was established in 1988, Ms Koon admitted it took a long time for women to crack the glass ceiling and reach top executive positions in the sector. The veteran insurer faces a hectic time during her 12-month term, ...

  4. 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 ...

  5. ECIC loss ratio to stay high at about 70pc

    Posted Aug 20th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu Government-owned Hong Kong Export Credit Insurance Corp expects its full-year 'loss ratio' to stay high even though it has posted a quarterly profit, thanks to improvements in the share market and a fall in claims by exporters. The ECIC provides credit insurance cover to 3,500 Hong Kong exporters, which pay it a premium for policies offering them coverage ...

  6. Sun Life sets sights on top five

    Posted May 04th 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu Insurer to double the number of agents in five years to bolster its expansion drive Sun Life Financial (Hong Kong) plans to almost double the number of its agents- from 536 to more than 1,000- within five years as part of its new chief's plan to push the firm into the top five. Sun Life- ranked 19th among the city's 48 life insurers- would hire 100 agents ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. Insurers urged to tighten controls

    Posted Dec 20th 2004, 12:00am by Enoch Yiu

    ... Enoch Yiu Industry warned it risks further scams unless internal checks are increased to monitor brokers and clients The local insurance industry should introduce internal controls to vet salespersons in light of recent insurance scams, says an industry veteran. Peter Whalley, a partner of PricewaterhouseCoopers, said that recent scams in Hong Kong showed local insurers did not have ...




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