Insurance News Hong Kong
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.
Insurance news hong kong. Mr cheung s second term is for two years until 2022. Hong kong to create hub for insurance linked securities. On demand cover just got slicker. Financial secretary paul chan urges regulators to clarify the law and reassure stakeholders.
Hong kong s total gross premiums in 2019 increased by 9 1 from 2018 to hk 580 2 billion us 74 6 billion. The insurance authority says the changes will fortify the city s competitiveness. Insurance federation names selina lau as new ceo. Hong kong passes bill to reduce insurers profit tax.
Hong kong insurance premiums to grow 1 46 in 2020. Some businesses were targeted as a result of their public perception while many have been simply caught in the crossfire. Find the latest articles insurance conferences videos photos and blogs about asia insurance industry. July 17 2020.
Hong kong s tax boost adds greater hub urgency. Insurers and brokers see 50 cut for marine and specialty lines to help compete with singapore. 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. Stories about the insurance industry including life general property and casualty insurance.
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. 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.
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