• Thu
  • Sep 18, 2014
  • Updated: 5:27pm

Life Insurance

Chinese tourists buy 16pc of life insurance sold in Hong Kong

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

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.

1 Apr 2014 - 3:08am

Strong profit growth forecast for Chinese life insurers

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

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

Sacked insurance staff stage protest at HSBC offices in Shanghai

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 buy asset from parent firm

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

AIA shares fall on AIG stake sale

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

AIG to offload remaining stake in AIA for US$6.5b

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

Fitch: China life insurance premium income growth limited

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 firms expect strong growth in China

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