Sunday, November 19, 2017

Macau

AIA launches HK’s first blockchain-enabled bancassurance

AIA launches HK’s first blockchain-enabled bancassurance

The technology will cut the time it takes to process insurance applications while improving transparency.

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Macau insurers peg typhoon losses at US$362.5m

Macau insurers peg typhoon losses at US$362.5m

Typhoon Hato, which struck the casino city in August, caused economic losses of US$1.4bn.

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Tahoe completes acquisition of Dah Sing Insurance

Tahoe completes acquisition of Dah Sing Insurance

The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.

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Macau life insurance market expands by more than 50%

Macau life insurance market expands by more than 50%

The popularity of life products helped the city’s insurance sector surge during the first three quarters of this year.

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Berkshire Hathaway enters Macau market

Berkshire Hathaway enters Macau market

The new office will add to BHSI’s regional presence in Singapore and Hong Kong.

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Fidelidade wins permit to invest in Chinese stocks

Fidelidade wins permit to invest in Chinese stocks

Portugal’s largest insurance company authorised to invest in Shanghai and Shenzhen stock exchanges.

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AM Best affirms ratings of two Macau insurers

AM Best affirms ratings of two Macau insurers

Macau Insurance and Macau Life Insurance received ratings affirmation from AM Best.

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Macau casinos take out kidnap insurance to protect patrons

Macau casinos take out kidnap insurance to protect patrons

Alarmed by the rise in hostage-taking, casinos are turning to specialist insurance.

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China Life corners 59.2% of Macau’s insurance sector

China Life corners 59.2% of Macau’s insurance sector

The Monetary Authority of Macau says that the city’s overall life insurance market grew 72% during the first half of the year.

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Macau insurers set for growth, says report

Macau insurers set for growth, says report

Significant growth opportunities in the Special Administrative Region seen due to the low insurance penetration.

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