Types of Insurance

Terror, riots, weather add up to big risks

If the London Olympic Games were cancelled at the last minute, it wouldn't just be the spectators who'd be disappointed - insurers covering the international event would face huge compensation bills.

Monday, 23 July, 2012, 12:00am

Anatomy of a health plan

Most people do not want to talk about health insurance. The issues surrounding such plans - security, money, mortality - are fraught with emotion. The policies are complicated. Agents can be pushy and the schemes expensive.

14 May 2012 - 12:00am

Marketing Death: Culture and the Making of a Life Insurance Market in China

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

Focusing on agents with can-do spirit

The past couple of years has seen Dah Sing Life invest heavily to project a more youthful image and attract more fresh graduates.

4 May 2012 - 12:00am

Insurers to help run national medical plan

Beijing has opened the door for commercial insurers to help run a national medical insurance plan.

The move is to help ensure the efficient management of the scheme, which involves hundreds of billions of yuan annually.

20 Apr 2012 - 12:00am

China's insurers see chance in trade shunned by West

Mainland insurers could take a bigger role in covering supertankers carrying crude oil from Iran to China when the European Union introduces tougher sanctions on Iranian oil shipments from July 1. But the stringent European controls could see a raft of other consequences including a surge in tanker charter rates and a slump in Iranian oil prices, experts said.

19 Apr 2012 - 12:00am

You're IN for the long haul

What is an ILAS?

16 Apr 2012 - 12:00am

Underwriting the risks of the shipping business

Larry Kwok Ming-tat (left) has a law and logistics education background. He started his career in insurance as a claims executive in the Shipowners' Protection and Indemnity Club, moving to underwriting nine years ago. He is now marine underwriting manager for the Greater China region for ACE Insurance. He shares some tips with Wong Yat-hei

What's your academic background?

13 Apr 2012 - 12:00am

MSIG's East-West career gateway

Lily Chan, the senior vice-president of human resources and business excellence at MSIG Insurance (Hong Kong), appreciates the fact that their management culture is a unique combination of Japanese and Western values.

30 Mar 2012 - 12:00am

Cost of global disasters hit record US$370b last year

Global economic losses from natural catastrophes and man-made disasters reached an unprecedented US$370 billion last year, the costliest recorded in history, according to reinsurance giant Swiss Re.

29 Mar 2012 - 12:00am

China Pacific cautious over stocks

China Pacific Insurance, the mainland's third-largest insurer by market value, plans to curb its stock investments while increasing purchases of fixed-income products amid worries over a slowing domestic economy and the euro zone debt crisis.

27 Mar 2012 - 12:00am

Couple win case for riot payout

A pair of Hong Kong travellers sought an insurance payout for having to shorten their Tunisia trip last year because of 'riots'. But to the insurer it was a 'civil commotion' that would not qualify them for compensation.

23 Mar 2012 - 12:00am

Insurer tests crowded HK with online sales

A new internet-based general insurer yesterday entered the Hong Kong market even as many players opt to leave it.

DirectAsia.com sells motor and travel insurance through the net instead of banks and agents. Its move is in sharp contrast to its peers in Hong Kong who see the market as too competitive and crowded.

22 Mar 2012 - 12:00am

Ping An bond sale to 'boost solvency'

Ping An Insurance, the mainland's second-biggest insurer, has no plans to raise more funds in the next two to three years because a pending convertible bond issue is expected to boost its working capital sufficiently. Alex Ren Huichuan, its president, said Ping An was still awaiting regulatory approval to sell 26 billion yuan (HK$32 billion) of convertible bonds.

17 Mar 2012 - 12:00am

Check policies first, insurance buyers told

Investors should think twice before buying a life insurance policy, especially if it involves a long-term contract, the Consumer Council warns.

Complaints about life insurance rose last year, and the watchdog said there could be a big difference between what a salesperson described and the actual terms of a policy.

16 Mar 2012 - 12:00am