Tuesday, January 23, 2018

Hong Kong

HK’s FTLife Insurance names new CEO

HK’s FTLife Insurance names new CEO

Gerard Yang, who joined FTLife in 2016, previously worked for MetLife and takes on the chief executive role.

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Ping An eyes spinning off four subsidiaries

Ping An eyes spinning off four subsidiaries

The units include Lufax, China’s biggest online wealth management platform, and Ping An Good Doctor, an online medical platform.

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Zurich buys HK telematics startup Bright Box

Zurich buys HK telematics startup Bright Box

The company provides smartphone-based cloud technology that links drivers, vehicles and automakers.

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ZhongAn takes inspiration from Ping An on insurtech

ZhongAn takes inspiration from Ping An on insurtech

China’s first and largest online-only issuer says the market is big enough to support both companies’ ambitions.

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Racing to beat climate change

Racing to beat climate change

Insurers are divided on how climate change will affect the industry overall.

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FRS opens in Hong Kong and Malaysia

FRS opens in Hong Kong and Malaysia

Financial Risk Solutions’ two new offices are in Menara Darussalam in Kuala Lumpur and ICC in Hong Kong.

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Hong Kong insurers attract buyers seeking M&A-driven growth

Hong Kong insurers attract buyers seeking M&A-driven growth

US and European insurers look to Asia amid low growth and even lower interest rates, according to new research.

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Wesurance to roll out HK’s first AI-powered insurance app

Wesurance to roll out HK’s first AI-powered insurance app

The local insurtech startup says its app and virtual assistant Amy are set for launch next month.

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New shipowners’ insurance launched in Hong Kong

New shipowners’ insurance launched in Hong Kong

The Hong Kong China War Risk Syndicate covers marine hulls for acts of war, piracy and other potential dangers.

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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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Asia drives Prudential’s new-business profit

Asia drives Prudential’s new-business profit

Higher sales volumes and a boost from higher interest rates have driven results so far this year.

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HK to collect levy from insurance policyholders

HK to collect levy from insurance policyholders

The Insurance Authority will start at 0.04% during the first phase and will gradually increase.

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Peak Re wins MAS authorisation

Peak Re wins MAS authorisation

The company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore.

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Willis Towers Watson hires North Asia P&C consulting lead

Willis Towers Watson hires North Asia P&C consulting lead

Evariste Yeung will head up property and casualty insurance consulting across the region.

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HK regulator keen to encourage insurtech

HK regulator keen to encourage insurtech

The Insurance Authority has called for innovations that will help to cut premiums paid by customers.

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Party committees to be revived in Chinese insurance JVs

Party committees to be revived in Chinese insurance JVs

The Communist Party is aiming to bring back the formerly inactive committees to extend its representation in business.

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AIA’s value of new business hits projections, grows 20%

AIA’s value of new business hits projections, grows 20%

The performance comes after robust growth in China that made up for slower sales through IFAs in Hong Kong.

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John Leung warns of ‘grey rhinos’

John Leung warns of ‘grey rhinos’

CEO of Hong Kong’s Insurance Authority warns the city’s industry that it faces challenges in 2018.

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