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  1. 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 ...

    http://www.scmp.com/article/426497/hk-people-lack-adequate-coverage
  2. Owners' corporations told policies fall short

    Posted Dec 31st 2010, 12:00am by Canace Wong

    ... Canace Wong Third-party insurance policies held by owners' corporations might not meet the legal requirements of the new Third Party Risks Insurance Regulation, even if the insured amount exceeds that required by the regulation. That's because some insurers will not issue a required notice unless the owners' corporations take out additional insurance. The new ...

    http://www.scmp.com/article/734440/owners-corporations-told-policies-fall-short
  3. Insurers' investments lousy, policies sell well

    Posted Aug 31st 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu Mainland insurance companies are having no problem selling policies and achieving high premium growth these days, but it is a different matter when it comes to their investment performances, as shown by their first-half results. The latest example is China Pacific Insurance (Group), which yesterday reported 50 per cent growth in interim gross premiums, while investment income ...

    http://www.scmp.com/article/723454/insurers-investments-lousy-policies-sell-well
  4. Only insurers would be protected by 'independent' OCI

    Posted May 28th 2005, 12:00am by Richard Latker

    ... Richard Latker Earlier this month, executive council member and Legco insurance representative Bernard Chan Charnwut offered South China Morning Post readers some 'good news'- the government will propose that the Office of the Commissioner of Insurance (OCI, a public body purported to 'regulate' the insurance sector) become 'independent'. Oddly, Mr Chan did ...

    http://www.scmp.com/article/502270/only-insurers-would-be-protected-independent-oci
  5. Only insurers would be protected by 'independent' OCI

    Posted May 28th 2005, 12:00am by Richard Latker

    ... Richard Latker Earlier this month, Executive Councillor and Legco insurance representative Bernard Chan Charnwut offered South China Morning Post readers some 'good news'- the government will propose that the Office of the Commissioner of Insurance (OCI, a public body purported to 'regulate' the insurance sector) become 'independent'. Oddly, Mr Chan did ...

    http://www.scmp.com/article/502274/only-insurers-would-be-protected-independent-oci
  6. 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 ...

    http://www.scmp.com/article/556366/investments-help-lift-ecic-profit-37pc
  7. Insurance complaints have 2pc success rate

    Posted Mar 08th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Only six of the 292 cases handled by the Insurance Claims Complaints Bureau last year were decided in the complainant's favour, with the majority ending in settlement ... year, the complaints panel heard 63 cases compared with 77 a year earlier. The bureau was set up by the Hong Kong Federation of Insurers in 1990 to handle complaints arising from personal ...

    http://www.scmp.com/article/491776/insurance-complaints-have-2pc-success-rate
  8. New watchdog proposed for local insurers

    Posted Jul 13th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The government has proposed setting up an insurance authority to regulate insurance companies and agents, while bank staff who sell policies will continue to come under ... will regulate all different types of financial institutions,'' he said. 'It is better to let different regulators, who know their own industry the best, do their job,' Chan said. ...

    http://www.scmp.com/article/719575/new-watchdog-proposed-local-insurers
  9. 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 ...

    http://www.scmp.com/article/482748/insurers-urged-tighten-controls
  10. Brokers cheat insurers of $80m in commission scam

    Posted Sep 05th 2004, 12:00am by Chris Oliver, Lotte Pang

    ... Lotte Pang and Chris Oliver Seven of Hong Kong's leading life insurance groups have been cheated out of at least $80 million in commission payments by a group of local brokers. It is believed the brokers signed long-term investment-linked insurance savings plans with the companies. After a few monthly contributions had been paid- and the commission fees received- the policies ...

    http://www.scmp.com/article/469172/brokers-cheat-insurers-80m-commission-scam

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