Clement Cheung, CEO of the Hong Kong Insurance Authority, has been re-elected as chairman of the Asian Forum of Insurance Regulators. Mr Cheung's second term is for two years until 2022.
Manulife Hong Kong has announced the appointment of four C-level executives to its senior management team to strengthen the company's leadership capabilities and drive its strategic initiatives in Hong Kong, Macau and the Greater Bay Area.
AXA Hong Kong launches "AXA BetterMe" -- a holistic wellness platform with a comprehensive suite of programmes and services covering physical wellness, mental wellbeing and chronic disease management. Designed to help Hong Kong people who are highly stressed with long working hours achieve healthy living.
Sun Life Hong Kong has sponsored a children's picture book that will raise awareness on diabetes and promote a healthy lifestyle. The children's picture book -Is Something Wrong with Granny?! is published by Diabetes HongKong.
FWD Management Holdings Limited, the Hong Kong-registered business of FWD Group, has completed the acquisition of MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited from MetLife, Inc.
The China Banking and Insurance Regulatory Commission (CBIRC) has announced an extension of the preferential treatment accorded to Hong Kong under the "China Risk Oriented Solvency System" for another year to 30 June 2021. This means that Mainland insurers who cede businesses to qualified Hong Kong professional reinsurers are allowed to enjoy lower capital requirements.
The Insurance Authority (IA) has announced the extension of temporary facilitative measures for non-face-to-face distribution of specific insurance products for another three months to 30 September 2020. This was announced in view of the latest developments of the COVID-19 pandemic.
Manulife Hong Kong has launched a 'Virtual Face-to-Face' agency sales platform for all Manulife individual insurance products in Hong Kong, except investment-linked assurance schemes. This makes it among the first wave of insurers approved to do this in the market.
Manulife Hong Kong has enhanced the existing ManulifeMOVE (MOVE) experience by launching the 'MOVE Health Score' that encourages customers to make healthy lifestyle choices. This new functionality provides customers a scientific yet simple scoring method to measure how healthy they are and tells them what they need to do to stay healthy.
The Insurance Authority (IA) released provisional statistics of the Hong Kong insurance industry for the first quarter of 2020, indicating a growth of total gross premiums by 10.9% to HK$165 billion (US$21.3 billion) over the corresponding period in 2019.
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