Latest research from Cigna Healthcare has found that Hong Kong's vitality levels have significantly deteriorated during the first half of 2023, as the city continues to be plagued by high stress and burnout levels.
Financial advisers should closely monitor updates to laws like the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (AMLO) and ensure their clients' portfolios adhere to these regulations, said Mr Nigel Green, Chief Executive of the deVere Group, an advisory company which operates across the globe.
Revealing its financials for the third quarter of 2023, Manulife Hong Kong and Macau reported significant growth in its insurance operations, with annualised premium equivalent (APE) sales and core earnings witnessing an uptick by 57% and 50%, respectively, achieving HK$1.64 billion (US$210 million) and HK$1.49 billion.
Continuing from the robust half year results, the AIA Group achieved a substantial 35% in the value of new business (VONB) to US$994 million in the third quarter of 2023.
AIA Hong Kong achieved outstanding results at the "Hong Kong Insurance Awards 2023" organised by the Hong Kong Federation of Insurers with a total of six most distinguished accolades, including five Grand Awards and "Lifetime Achievement Award - Life Insurance" granted for Mr Samuel Yung, Executive District Director and Honourable Advisor of AIA Hong Kong, to recognise his substantial contributions to the insurance industry over the past few decades.
In conjunction with World Mental Health Day in October, AXA Hong Kong and Macau has announced the third consecutive edition of AXA BetterMe Weekend, a hallmark annual event for the company.
FWD Hong Kong has partnered with Club Care, an insurance agency, to introduce the Club Care online insurance platform, providing customers with a seamless online insurance application process.
AIA Hong Kong has partnered Humansa, a premium healthcare brand of New World Group, to open AIA Alta Wellness, marking the first one-stop integrated wellness space that blends the concepts of Chinese and Western health within the industry.
Sun Life Hong Kong (Sun Life HK) has announced its receipt of approval from the Hong Kong Insurance Authority for the early adoption of the risk-based capital (RBC) regime.
Financial advice is a key factor in achieving higher levels of wealth, with 76% of financially abundant respondents across Hong Kong and Singapore saying that working with financial advisers has made them wealthier, according to a St James's Place Asia (SJP Asia) study.
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