Tagged with China , Hong Kong , Ielts , Outbound Students , protests , Taiwan , UK . RSA Insurance Group plc announces that today it has reached an agreement, subject to regulatory approvals, to sell the insurance business of each of its branches in Singapore (RSA Singapore) and Hong Kong (RSA Hong Kong) to Allied World Assurance Company, Ltd (Allied World). Pro-Beijing committee to elect some Hong Kong legislators, increasing central government control . Hong Kong's largest and oldest 'insurance supermarket', Kwiksure, has seen a deluge of new medical insurance plans from key global insurers into the Hong Kong market in 2012. Set Up FREE Account Submit Release. Hong Kong News. Whilst majority of Hong Kong SMEs have purchased some form of insurance protection, their key risks concerns tend not to be covered, according to a QBE report. Hong Kong, home to a multitude of insurance providers, is in an ideal position to meet Mainland demands. The Asian financial hub is a hotbed for the rich, and was home to 179,000 millionaires in 2018 according to Credit Suisse. To attract market participants and compete effectively in the international marketplace, we passed another piece of primary legislation in July introducing profits-tax concessions for insurers and broker companies underwriting specialty insurance. Get "Z" Go Travel Insurance Plan. Consumers may now choose to purchase Certified Plans as offered by the participating insurance companies. CruisePlus Insurance Plan . Hong Kong’s WeLab, a fintech company founded in 2013, saw users soar by 20% year-over-year in 2020, bringing its accumulative user base to 50 million. Bowtie Life Insurance opened the doors to Bow Coffee in Wan Chai on Thursday. AXA, Liberty, Zurich and now Cigna have all entered the medical insurance segment, or offered enhanced products, to try and capture a share of the growing market. Insurance Industry Today. Chubb Life in Hong Kong SAR Launches Industry-First Personalized Digital platform “Chubb Link(SM)” for Insurance Consultants 05/03/2018 Chubb’s Commitment to Employee Well-Being and Social Responsibility Leads to 16th ‘Caring Company’ Award promote Hong Kong’s insurance industry Financial Services Tax News Flash November 2019 In brief The HKSAR Government presented the “Legislative Proposals to Further the Development of the Insurance Sector”1 to the Panel on Financial Affairs of the Legislative Council on 3 June 2019. ZA Offers Free Post-Vaccination Protection for Hong Kong Customers. MediExpress China Medical Card. Hong Kong Insurance Industry News Topics; Specialized News Sections on Hong Kong Insurance Industry. The move sees ZA Bank become . The owners of Hong Kong Life Insurance are reviving a sale of the business after a deal was scrapped more than two years ago, reports Bloomberg, with a sale possibly fetching around $400m to $500m. However the cost of healthcare in Hong Kong is very expensive as well. Facing innovative players […] One of the few industries that have benefited from the COVID-19 crisis is online finance. While the coverage required under Hong Kong’s Employee Compensation ordinance is based around a scale which incorporates a number of variables, such as the age of the employee and the extent of their injury, local insurance companies will normally provide Employee Compensation insurance coverage in the range of HK$ 100,000,000 for any one claim event. Hong Kong Healthcare & Insurance Information. Other News. Read More. Questions? Search Zurich Insurance (Hong Kong) Important Notice. News releases, Corporate Updates, Product News, Corporate responsibility activity. Hong Kong Insurance Industry News ••• Topics • Hong Kong Media Directory. Travel insurance. WeLab, a leading fintech company in Asia, today announced it has completed the initial close of Series C-1 funding, led by Allianz X for US$75 million. Categories: International & Reinsurance News Topics: Hong Kong market, Hong Kong political risks, Hong Kong protests, political risk, political risk insurance Have a … 2020.08.17. NEWS: RSA announces completion of sale of its operations in Hong Kong and Singapore. Hong Kong: Finalists of Hong Kong Insurance Awards 2020 revealed; China: Cross-border wealth management grows in Greater Bay Area; Hong Kong: Gross premiums of insurance sector grows at 5.5% in first 9 months; Hong Kong: Govt reiterates support for insurance after-sales service centres in Greater Bay Area Instant buy. Wesurance, a Hong Kong-based InsurTech startup, takes the city’s insurance sector into a new era with the launch of the industry’s first mobile platform for insurance services in partnership with Allied World Assurance Company, Ltd and TransUnion.. Fubon Life Hong Kong launches Fortune Bright Saver, a life insurance plan with annual guaranteed payouts and multigenerational wealth management solutions. Motor Insurance [ 9 March 2021 ... hong kong hong kong. 03-2019. At most healthcare facilities, many doctors and medical staff speak English, and the level of service and care in Hong Kong hospitals is very high. Around the world, the pandemic has forced consumers to adopt digital banking. Facing innovative players like WeLab, which aims to bring more convenience, transparency, and affordability to consumers, financial incumbents feel compelled to reinvent themselves. +1 (202) 335-3939. Hong Kong’s WeLab, a fintech company founded in 2013, saw users soar by 20% year-over-year in 2020, bringing its accumulative user base to 50 million. In November 2016, Lloyd’s notified the market that the Insurance Authority (IA) is being established to take over the functions of the current regulator, the Office of the Commissioner for Insurance (OCI).. Additionally, on 5 May, the Hong Kong Government announced the appointment of the IA’s senior executive team. Hong Kong is a lucrative market for global insurers including American International Group Inc, AXA SA and Zurich Insurance Group AG, with the value … 07-2019. The Voluntary Health Insurance Scheme (VHIS) officially launched on April 1, 2019, in Hong Kong. ZA Bank has been granted an Insurance Agency License from the Hong Kong Insurance Authority (IA), allowing it to act as an agent of ZA Insure, a fully digital insurer under the ZA brand. Hong Kong’s Insurance Authority (IA) has published its annual report for 2019-2020, which outlined its major activities and initiatives in a year marked by the massive disruption caused by the COVID-19 pandemic. Live2Play Working Holiday Insurance Plan. Other News. Tropical Storm Nangka Forces Suspension of Markets in Hong Kong . Hong Kong’s WeLab, a fintech company founded in 2013, saw users soar by 20% year over year in 2020, bringing its accumulative user base to 50 million. Intense competition in Hong Kong’s insurance market, economic instability and the pandemic have weighed on the valuation of the company, sources said. The scheme is a policy initiative implemented by the Food and Health Bureau to regulate indemnity hospital insurance plans offered to individuals, with voluntary participation Read more MSIG Insurance (Hong Kong) Limited Receives 2018 Laserfiche … The Hong Kong airline cut thousands of jobs and received a $5bn government bailout last year. Hong Kong: education overseas offers “insurance” as protests continue Posted on Dec 18, 2019 by Callan Quinn Posted in Immigration , News , under Asia . Hong Kong SMEs lack adequate insurance vs key concerns: report Only 24% have protection against equipment damage despite it being a top risk. [ 9 March 2021 ] Overview: How’s The UK Motorcycle Insurance Sector Doing? Read more Notice of the Updated Personal Information Collection Statement (PICs) 03-2019. Hong Kong Insurance Industry Newswire. News and information for Chubb in Hong Kong. On September 23, 2019, the IA became the sole regulator overseeing over 120,000 insurance intermediaries in Hong Kong. Still, Hong Kong has plenty of eligible candidates. MSIG Hong Kong won Digital Insurance Initiative of the Year at Insurance Asia Awards 2019. The latest breaking news, comment and features from The Independent. Hong Kong, 17 August 2020 - Fubon Life Insurance ( ... 2020.05.04. The China Banking and Insurance Regulatory Commission (CBIRC) agreed in July to give preferential treatment to Hong Kong based reinsurers – including Peak Re, Transatlantic Re, Taiping Re, SCOR – by reducing the reinsurance credit risk requirement for mainland insurers that use Hong Kong … Read more INTRODUCING THE NEW MSIG CHATBOT. News WeLab Fundraising Attracts Cash Investment from Allianz X 8 March 2021 alastair walker 0. Published on Mar 6, 2021. Get by Email • RSS. Covid19 InsurTech. Read more MSIG WINS GOLD AT MOB-EX AWARDS 2019. Latest News. Chubb’s SME Survey (“Too Small to Fail?”) Reveals Significant Perception Gap in Cyber Awareness and Preparedness in Singapore, Hong Kong … 05-2019. Under the new travel arrangement between Hong Kong and Singapore, travellers will only be allowed to use two airlines, and both are offering travel insurance The Hong Kong Tourism Board (HKTB) and the Singapore Tourism Board (STB) launched a Hong Kong-Singapore Air Travel Bubble (ATB), ahead of the departure of the first flights on 22 November 2020. ZA Life, a joint venture investment of Fubon Life Hong Kong, received authorization to carry on online insurance from the Insurance Authority. Cigna study shows Hong Kong's overall well-being index continues to drop during the Pandemic; Hong Kong: Some residents will buy more health cover Hong Kong: 'A few imposing roadblocks ahead, including the pandemic': Carrie Lam Hong Kong: Life insurer offers COVID-19 cover to taxi drivers free Hong Kong: Mainland Chinese spending on Hong Kong life policies falls 82% The medical facilities and doctors in Hong Kong are world class. Individuals. Medical insurance. 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