Insurance

28 Feb 2013

Company general manager Simon Chan Kwan said aerial activity was excluded from the insurance coverage and that it was so stated in the policy document.

AIA profit rises 89pc to beat market target

28 Feb 2013

AIA Group's net income rose to US$3 billion, or 25.1 US cents a share, in the year to November from US$1.6 billion, or 13.3 US cents a share, a year earlier, the company said in a statement to the...

SFC in talks on increased oversight of insurance, dark pool products

25 Feb 2013

The regulation was needed in light of the growing popularity of such products in recent years, according to SFC chairman Carlson Tong Ka-shing. Tong said the SFC will also review the operation of...

Insurers attack plan for HK$10m fine on perpetrators of mis-selling

6 Feb 2013

The industry body submitted a report to the Financial Services and the Treasury Bureau expressing its concerns over the fines, and also the government's plan to set up a new insurance authority to...

Let private insurers help ease health burden

30 Jan 2013

With much debate lately about relative income levels and quality of life in Hong Kong, the issue of health care for an ageing population is going to remain a priority for the public and...

Opinion

Wang Xiangwei

Super ministries may not be the right answer for mainland China

Alex Lo

Church developers remain unbowed by government rules

George Chen

A house is not a home until it becomes affordable

Insurers claim victory in fight for workers switching MPF providers

Insurers with large teams of agents look to have proven better able to fight for new pension business than banks after employees were allowed to choose their own Mandatory Provident Fund providers...

Health ministry to expand insurance to include 20 serious illnesses

The Ministry of Health has pledged to lower medical bills for rural patients suffering from any of 20 serious diseases and says they might pay as little as 10 per cent of the bill. But social...

Rebound in stocks prompts shift into investment-linked insurance products

The stock market's rebound has prompted policyholders to return to investment-linked products, says AXA China Region chief executive Stuart Harrison.

MR. SHANGKONG

Ping An as seen by the media: tip-offs, denials and rows

The past week was hectic in terms of the news coverage of HSBC's deal to sell its stake in Ping An Insurance. Much of the focus was on who the behind-the-scenes buyer was.

PENSION SCHEME

The pitfalls of investing in ILAS

In 2010, Li (who asked that her full name not be revealed) started a new job with a higher salary. Her wealth planner, who worked for a global bank, advised Li to invest in a pension plan sold by...

Ping An’s new business value rebounds as premium sales rise

Ping An Insurance (Group), whose biggest shareholder HSBC Holdings agreed to sell its 15.6 per cent stake, said growth in new business value recovered in the second half of 2012 after a decline in...