Insurance

AIA launches protection for Hong Kong shoppers

The insurance package will be exclusive for Bloom members.

BOCG Insurance streamlines motor insurance platform with CoverGo

It also enlisted Milliman to implement new rates for motor products.

Manulife Hong Kong names Carrie Tong as Macao head

She is also the Chief Strategy Officer for Hong Kong and Macau.

FWD Group raises $1.425b from private investors

The investment will take the form of cash subscription of new ordinary shares.

APRA proposes reforms to strengthen private health insurance

One of the proposals is to increase minimum capital requirements.

Hong Kong International Airport offers free insurance to travelers

Passengers will receive compensation if their flight is delayed more than six hours.

Technology tops risk for insurers in APAC

Multiple technology projects could put a strain on insurers.

Singapore general insurers to end COVID-19 relief measures

The sector-wide financial relief measures will conclude on 31 December 2021.

South Korea’s KDIC sells stake at Woori Financial for $765m

The 67.9 million shares were sold to five investors, including Eugene PE.

Climate change pushes insurers to adopt ESG practices

21.6% believes climate change is the main driver for ESG practice adoption.

ZA Bank launches new savings insurance plan

The offering comes with a guaranteed return rate of up to 2.5% p.a.

AXA Hong Kong introduces instant mental health assessment app 

This is exclusive for its Employee Benefits customers.

Chubb reshuffles leadership in Asia

New leaders were appointed for Singapore and Hong Kong.

Tokio Marine launches new partnership with MaaS Tech Japan

This expands their original business alliance agreement in June 2020.

Insurance industry vital to GBA vision: Lam

Hong Kong together with HKIA is working to establish after-sales service centres.