Wealthy residents and visitors in Hong Kong are seeking more investment and wealth-management services, buying more insurance and increasing their spending via debit cards amid the market rally this year, …
That is higher than the pre-Covid levels. Mainlanders bought HK$12.8 billion of life and medical policies in the first quarter of 2019, representing 26.4 per cent of the total. HSBC …
Online sales of insurance policies have grown swiftly in Hong Kong since the introduction of digital insurers five years ago, but the city still lags behind overseas markets, according to …
Hong Kong is keen to support economies in mitigating risks arising from natural disasters and will enhance its expertise in managing financial losses from such perils, the head of the …
“Our first mission is not to talk about the hub,” he said. “The first mission is aiming at resolving this huge protection gap on natural catastrophes, which exists around the …
Hong Kong’s revamped investment-migration programme is paying off for insurers such as Prudential Hong Kong, which is planning to expand its product line to appeal to the wealthy would-be Hongkongers …
AIA Group reported a 15 per cent profit jump last year, benefiting from demand for insurance products from the return of mainland Chinese visitors to Hong Kong in search of …
“This pent-up demand will fade, so demand will return to the average level seen during the years before the pandemic. It is unlikely to go back to a peak of …
Hong Kong could establish itself as a hub for global insurers and supranational organisations to raise funds through catastrophe bonds to manage their exposure to losses linked to natural disasters …
Mainland Chinese clients are not the only ones turning to Hong Kong to buy insurance products, with HSBC Life reporting policy sales to customers from 46 other jurisdictions in the …