More mainland tourists are buying insurance in Hong Kong - spending HK$15 billion last year - a trend industry insiders fear could lead to complaints if sales are not handled carefully.Tuesday, 8 April, 2014, 1:56am 2 comments
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.1 Apr 2014 - 3:08am
The mainland's life insurers are poised to report robust growth in profit last year on the back of strong investment income, but the value of new business for most firms is expected to have remained stagnant amid fierce competition.
The reporting season for mainland insurers will begin on Thursday, when Ping An Insurance is set to release its results.10 Mar 2014 - 11:39pm
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
HSBC Life Insurance, a 50-50 joint venture with National Trust, fired its sales team of about 130 staff in what the largest bank in Europe said was a plan to focus on bancassurance.21 Mar 2013 - 5:33am
China Taiping Insurance may consider acquiring a stake in a life insurance unit from its parent firm, China Taiping Insurance Group, a move analysts said would help prepare the group for a stock exchange listing.15 Jan 2013 - 4:15am
Shares of AIA declined yesterday after American International Group (AIG) priced the sale of its remaining stake in the Hong Kong-listed insurer near the top end of the indicative range.19 Dec 2012 - 2:37am
American International Group (AIG) plans to sell its remaining stake in Hong Kong-listed insurer AIA to raise up to US$6.5 billion, marking the end of the US financial group's almost century-old association with the Asian insurer.18 Dec 2012 - 3:51am
Mainland life insurers' premium income growth would continue to be limited as a result of lower returns to policyholders due to weak stock markets and rising competition from banks, Fitch Ratings said yesterday.11 Dec 2012 - 2:55am
Foreign insurance companies operating on the mainland expect to post strong growth over the next three years, driven by China's rapid economic expansion and the low penetration rate of insurance products.11 Dec 2012 - 2:55am
People's Insurance Co (Group) of China, the mainland's largest non-life insurer, raised investors' eyebrows on its debut in Hong Kong yesterday, jumping as much as 8.05 per cent at one point.8 Dec 2012 - 3:46am
Many of us have bought life insurance, but what about buying shares in life insurance companies?
The industry is a black hole to investors who struggle to see how such companies create value and make money.3 Dec 2012 - 4:26am
Ensuring the right level of life insurance is the foundation to all sensible - and pre-emptive - financial planning, writes Nicky Burridge.18 Sep 2012 - 4:32pm
I want to ensure my family is looked after if I die. Should my life insurance policy include a savings plan or should I keep this separate?
Insurance policies that combine death benefits with a savings plan are common in Hong Kong and it's not hard to see why.17 Sep 2012 - 3:27pm
Marketing Death: Culture and the Making of a Life Insurance Market in China by Cheris Chan Oxford U Press
Marketing Death is a detailed study of how life insurance companies sell policies in a country where death is a taboo subject.13 May 2012 - 12:00am