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  • July 31, 2014
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  1. Cut-throat price wars threaten industry

    Posted Mar 05th 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu The insurance commissioner yesterday expressed concern over price wars in the general insurance market and the risks posed by the surge in sales of investment-linked policies. ... gross premiums for the general insurance business posted a decline of 7.2 per cent to $22.99 billion last year. 'One of the major reasons for the fall of the general insurance business last ...

  2. Hong Kong people have a hard time acknowledging mortality

    Posted May 30th 2005, 12:00am by Allan Nam

    ... Allan Nam PEOPLE IN HONG KONG do not have enough life insurance protection, according to research conducted by Swiss Re. The Swiss firm had assessed life protection coverage in several ... there is a 'life protection gap' (the difference between the amount of life insurance cover a person has and what he or she requires) of US$320 billion in Hong Kong. Among other countries surveyed, ...

  3. Closure of Ningxia milk stations fuels fears of Sanlu-type scandal

    Posted Oct 17th 2009, 12:00am by Shi Jiangtao

    ... Shi Jiangtao in Beijing Authorities in Ningxia have closed two milk collection stations after a public outcry following reports that they had collected raw milk illegally from small dairy farmers. But a senior official at the region's agriculture and ...

  4. Exco hastens demise of Type II

    Posted Jul 07th 2004, 12:00am by Ben Kwok

    ... the interconnection scheme, known as Type II, at a faster pace of three years. In the first two years, operators can continue to lease PCCW's network to sign up new customers. This is to ensure ... connection. This will apply to 20 to 25 per cent of the buildings in Hong Kong, according to the Office of the Telecommunications Authority. 'Our decision to withdraw Type II interconnections ...

  5. Exco hastens demise of Type II interconnection

    Posted Jul 07th 2004, 12:00am by Ben Kwok

    ... on October 1 and finish in June 2008. However, buildings that have more than one network- about 53 per cent- will be withdrawn from the interconnection scheme, known as Type II, at a faster pace ... of the buildings in Hong Kong, according to the Office of the Telecommunications Authority. 'Our decision to withdraw Type II interconnections will send a clear signal to operators to invest ...

  6. When natural disasters strike

    Posted May 30th 2008, 12:00am by Chris Davis

    ... insurance firms had paid out more than an estimated 1 billion yuan (HK$1.125 billion) on claims stemming from the severe winter weather. 'We know the probability of this type of natural ... and blizzards that blanketed the mainland's eastern, central and southern regions during the Chinese lunar New Year holiday should have made the government, businesses and the insurance industry ...

  7. Insurance won't cover all medical care, panel says

    Posted Mar 18th 2010, 12:00am by Martin Wong

    ... Martin Wong Buyers of insurance should clarify with their agents whether certain medical treatments, especially those involving experimental and new technology, are covered by their policies, a watchdog warns. As the Insurance Claims Complaints Panel yesterday released figures on cases filed, panel chairman Dr Michael Tsui Fuk-sun reminded the public that insurers, rather than ...

  8. Security specialists in demand as stakes rise for overseas firms

    Posted May 19th 2008, 12:00am by Staff Reporter

    ... or in additional types of coverage being sold. 'We have not really seen anyone buying extra insurance coverage. But as risk advisers we constantly review new and changing risks and the resultant ... they contained lead paint also highlighted awareness of the potential risks to brands and reputation when doing business on the mainland. In its latest global risk review insurance brokerage Jardine ...

  9. Hospitals, insurer sued over toxic gel implants

    Posted Sep 23rd 2008, 12:00am by Fiona Tam

    ... Fiona Tam Three women suing two popular cosmetic surgery hospitals and an insurer for more than a million yuan over toxic gel implants they received eight years ago had their first hearing ... or PAAG, at the hospitals. The gel injections were given as part of breast augmentation surgery in 2000 and 2001. The People's Insurance Company of China was also listed as a defendant ...

  10. Retail financial advisers at the crossroads

    Posted Dec 19th 2004, 12:00am by Lotte Pang

    ... trapped in underperforming investments by hefty and unforeseen withdrawal penalties. Two life insurance companies involved have left the lucrative Hong Kong market. But for many investors the saga ... policies to take advantage of the large up-front commissions paid out by insurance companies. Although no investors were harmed directly, it lifted the lid on the competition-driven world ...




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