Saturday, September 23, 2017

Hong Kong

Hong Kong explores blockchain bancassurance project

Hong Kong explores blockchain bancassurance project

China Construction Bank and IBM are aiming to streamline transaction processing and enhance service delivery.

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Willis appoints insurance consulting head for HK, Taiwan

Willis appoints insurance consulting head for HK, Taiwan

Albert Li has been named as head of the insurance consulting and technology business.

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ZhongAn eyes HK expansion after IPO

ZhongAn eyes HK expansion after IPO

The company is looking to sell life insurance and other healthcare products in the territory after it lists on HKEx.

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ZhongAn seeks US$11bn valuation in HK IPO

ZhongAn seeks US$11bn valuation in HK IPO

China’s first internet-only insurer is selling a 15% stake that will see it raise US$1.5bn if the deal materialises.

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At least 20 bidders eye AXA wealth unit in HK

At least 20 bidders eye AXA wealth unit in HK

China Taiping Insurance and Country Garden are reportedly among the companies that have expressed an interest.

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Blockchain to change insurance business model

Blockchain to change insurance business model

The technology can reduce the uncertainty of insurers’ risk pool system, says Deloitte.

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PartnerRe names new CEO for L&H in Asia

PartnerRe names new CEO for L&H in Asia

Jerome Matrundola joins from SCOR to lead the life and health business in the region.

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HSBC Insurance appoints Hong Kong CEO

HSBC Insurance appoints Hong Kong CEO

Former interim chief executive Edward Moncreiffe will oversee HSBC’s insurance and pension business in the city.

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XL Catlin strengthens Asia casualty capability

XL Catlin strengthens Asia casualty capability

Elishe Quek and Alice Chong join as casualty underwriters from AIG to take up positions in Singapore and Hong Kong.

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Growth of non-linked life premiums drops in HK

Growth of non-linked life premiums drops in HK

However, linked life business enjoyed a steep increase in growth, according to the latest data from the Hong Kong Insurance Authority.

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Asian insurance sector’s embedded value up 15.3%

Asian insurance sector’s embedded value up 15.3%

China and Hong Kong seen as the main drivers, according to a survey from global consulting firm Milliman.

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Aviva, Tencent to launch Hong Kong online insurer

Aviva, Tencent to launch Hong Kong online insurer

The two companies are seeking regulatory approval to launch the disruptive startup.

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JLT joins HKMA’s infrastructure financing facilitation office

JLT joins HKMA’s infrastructure financing facilitation office

The partnership will aim to capitalise on China’s Belt and Road initiative to promote connectivity and long-term development.

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Asian health insurance among world’s most expensive

Asian health insurance among world’s most expensive

Hong Kong, Singapore and China are among the top five most expensive locations for international health insurance.

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Hong Kong official wants insurers to share information

Hong Kong official wants insurers to share information

The call is aimed at addressing the challenge posed by the increasing number of fraud cases in the industry.

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AIA results boosted by HK and China

AIA results boosted by HK and China

The strong results are the first to be reported under new group CEO Ng Keng Hooi.

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Hong Kong exchange rejects AMTD’s insurance IPO

Hong Kong exchange rejects AMTD’s insurance IPO

The prospectus was reportedly described as “substantially incomplete” and an attempted appeal ended in failure.

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Only 10% of Asian firms prepared for cyberattacks

Only 10% of Asian firms prepared for cyberattacks

Businesses in the region are ill-equipped against and not covered for cyber attacks, says QBE survey.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers