• Sat
  • Aug 30, 2014
  • Updated: 12:47pm

Insurance

Sales of traditional insurance products benefit from tighter rules on investment-linked policies

A tightening of the regulations on investment-linked insurance policies since July has made insurers shift focus to basic life policies and annuity products, a trend industry players expect to continue this year.

Tuesday, 1 April, 2014, 3:08am

Chinese insurers eye opportunities in online payment services

Payment platforms have emerged as a new battlefield for Chinese insurers, who see internet finance as being increasingly lucrative, but their ambitions could be hindered by concerns over cost and competition from e-commerce giants, analysts said.

28 Feb 2014 - 8:17am

Natural disasters help insurance industry grow in Asia

Asia’s vulnerability to natural disasters is helping drive the insurance industry in the region, an international conference in Singapore heard on Wednesday.

Rising affluence resulting from strong economic growth and the region’s expanding ranks of the elderly are the two other major factors expected to boost the industry, Singapore’s central bank chief told the conference.

6 Nov 2013 - 3:42pm

Hong Kong consumers angry after being sold complex insurance product ILAS

In February last year, Leung Chung-yan, 27, had some potentially cancerous masses removed from her breasts. The kindergarten teacher did not have medical insurance to cover the operation and had to borrow money from her family to pay the bill.

17 Jun 2013 - 5:17am 27 comments

Hong Kong mulls greater oversight of private health insurance

The government may take on a "middle-man role" in private health insurance cases, helping to decide claims, process compensation and register complaints, the health minister said.

26 May 2013 - 8:18am

Citibank upbeat on insurance fee income growth

Citibank said its first-quarter new premium income from yuan- denominated insurance products sold in Hong Kong more than doubled from the previous quarter and was up 30 per cent on the same quarter a year ago.

6 May 2013 - 3:34am

Golden week visitors add insurance to the shopping list

Besides gold jewellery, baby milk powder, cosmetic products and luxury flats, it seems life insurance policies are now on the shopping list of cashed-up mainland tourists when they visit Hong Kong for the golden week holiday.

2 May 2013 - 5:53am 2 comments

Yaan earthquake fails to rock insurers' profits

Mainland insurers are poised for profit growth in the second quarter, with insurance claims after the recent Yaan earthquake not expected to be high, while investment returns and premium income are likely to improve.

1 May 2013 - 4:28am

HSBC sells stake in Korean insurer

The banking giant said its subsidiary HSBC Insurance (Asia-Pacific) had agreed to sell its 50 per cent less one share in Hana HSBC Life Insurance to Hana Financial Group.

30 Apr 2013 - 7:28am

AXA buys into Shanghai car insurer Tianping

European insurer AXA is a step closer to becoming the largest foreign property and casualty insurer in China after agreeing to buy half of Chinese motor insurer Tianping Auto Insurance for 3.9 billion yuan (HK$4.9 billion).

25 Apr 2013 - 5:39am

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