Insurance News Hong Kong
Hong kong s tax boost adds greater hub urgency.
Insurance news hong kong. Find the latest articles insurance conferences videos photos and blogs about asia insurance industry. Hong kong s insurance market growth will stall in 2020 due to covid 19 s economic impact says data and analytics firm globaldata forecasting total premium growth at 1 46. Hong kong to create hub for insurance linked securities. Insurers from hong kong malaysia and singapore reveal how they are coping.
Stories about the insurance industry including life general property and casualty insurance. The insurance authority says the changes will fortify the city s competitiveness. Mr cheung s second term is for two years until 2022. Insurance federation names selina lau as new ceo.
Asia insurance review is the source for breaking news about insurance industry. A unit of state owned china taiping insurance group is in advanced talks to acquire a newly built office tower in hong kong from henderson land development co according to people with knowledge. Some interesting news from hong kong as yas launch parametric insurance that kicks in automatically when you re out hiking at a theme park playing golf and more activities. Financial secretary paul chan urges regulators to clarify the law and reassure stakeholders.
Some businesses were targeted as a result of their public perception while many have been simply caught in the crossfire. It s no secret that hong kong has seen widespread physical and financial damage to property and business due to arson and vandalism with insurance claims reaching more than hk 600 million us 77 2 million. On demand cover just got slicker. Hong kong passes bill to reduce insurers profit tax.
Insurers and brokers see 50 cut for marine and specialty lines to help compete with singapore. The end of the beginning hong kong asia regulation the ceo of hong kong insurance authority mr clement cheung has been re elected as chairman of the asian forum of insurance regulators.
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