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Insurance

Insurance
Stories about the insurance industry, including life, general, property and casualty insurance
The rapid expansion of China's commercial space industry is creating growing demand for specialised insurance products covering launches, satellites and other space-related risks, industry participants say. Photo: Weibo
China’s private sector

Final insurance frontier: Hong Kong sees opening in mainland China’s space boom

Like maritime trade centuries ago, the space economy is built on high-risk, high-value journeys. Hong Kong wants to be its insurance hub.

Hong Kong economy

Opinion | Can Hong Kong make a giant leap to commercial space insurance?

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China economy

Opinion | Can Hong Kong break London’s maritime insurance grip?

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Hong Kong society

Initiative tackles insurance barriers for autistic children in Hong Kong

With fears of blanket refusals hanging over families, non-profit organisation has stepped in to help secure insurance through advocacy and support.

Sarah* (left) says she approached several insurance companies over about three months, but none could assure her that her son, now 18, would be eligible for cover because of his condition. Photo: Jonathan Wong
US-China tech war

Who pays when rockets explode? China rushes to insure SpaceX’s rivals

Wave of Chinese insurers is underwriting rockets and satellites, turning space risk into a new front in the China-US rivalry.

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Hong Kong economy

Opinion | Why Hongkongers should be very interested in the Pinglu Canal

China-Asean trade is expected to surge as the Pinglu Canal synergises with the Hainan free-trade zone – creating demand for services Hong Kong can provide.

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Banking & finance

Hong Kong banks tighten rules in mainland China as Beijing pores over outflows

Some banks are exercising more caution with offshore accounts for their mainland China clients amid tighter investment controls from Beijing.

At least one branch of the Bank of East Asia (BEA) in Shanghai has banned mainland Chinese customers from opening Hong Kong bank accounts. Photo: May Tse
Banking & finance

Why are Asia’s families eyeing liquid assets to secure their children’s wealth?

More of the continent’s parents are providing share portfolios and other assets for their offspring as confidence in property begins to wane.

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Hong Kong’s Tai Po fire tragedy

Hearing results key to compensation for Wang Fuk Court residents: experts

Legal and insurance experts say sale of flats to government won’t affect residents’ rights to claims but they must prove negligence had caused losses.

Hong Kong’s Tai Po fire tragedy

Government to handle Wang Fuk Court insurance claims under buy-back plan: Hop On

But some residents who took part in second briefing by administrator say questions remain over how and when they can expect to receive compensation.

The government has earmarked HK$6.8 billion to acquire flats at seven of the eight blocks of the estate damaged by the fire. Photo: Sam Tsang
Hong Kong economy

Opinion | How war-risk marine insurance can set Hong Kong apart

Marine insurance is part of the power structure in global shipping. It reveals a real gap China still faces, which Hong Kong can fill.

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A general view of Kwai Tsing Container Terminals on March 4. Photo: Elson Li
India

Heat-triggered insurance offers cold cash cushion for India’s outdoor workers

India lost an estimated 247 billion hours of labour to extreme heat in 2024, equivalent to nearly US$194 billion in economic losses.

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Wealth: Healthcare

Future-proofing: how longevity medicine is reshaping health prospects

With people living longer and fewer children being born to support older generations, can preventive longevity medicine help provide a more secure and healthy future?

Supported by
Standard Chartered
Banking & finance

Gold, cruises and Dior: Hong Kong lenders aim to entice mainland China visitors

With 980,000 visitors from the mainland expected during golden week, Hong Kong lenders line up incentives to capture wealthy customers.

Mainland tourists flock to Tsim Sha Tsui during the Golden Week holiday on May 3, 2025. Photo: Nora Tam
Hong Kong economy

Hong Kong insurers’ health at risk as medical claims could double in decade

Research finds total reimbursements reached HK$17.73 billion in 2023, up by 61 per cent from HK$10.99 billion in 2019.

The increase was mainly driven by inpatient claims, which grew by 75 per cent to more than HK$14 billion, compared with a 24 per cent growth in outpatient reimbursements. Photo: Getty Images
Banking & finance

Default in our stars: China banks use satellites to track assets, cut loan risks

Analysts say orbital monitoring of sites, property and other assets provides vital data on borrowers.

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Banking & finance

Life insurance sales in Hong Kong hit record amid ‘rise of millionaires’

Industry wrote US$42.2 billion in new life policies last year, ‘capturing both onshore and offshore demand across Asia’, HSBC Life CEO says.

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Hong Kong economy

Hong Kong insurance complaints body records 857 cases last year, up 33% from 2024

Most disputes were medical and travel cases, according to Insurance Claims Complaints Panel.

Last year’s 857 new complaint cases mark an increase of about 33 per cent from the 646 recorded in 2024. Photo: Getty Images
China shipbuilding

Iran war exposes a weakness in China’s vast shipping sector: a lack of insurers

China’s maritime sector still relies on overseas legal and financial service providers, a potential strategic vulnerability in a turbulent world.

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Hong Kong economy

Letters | Hong Kong has a chance to lead the world in marine underwriting

Readers discuss developments in shipping, and the implications for Taiwan of US actions in the Iran war.

Ageing society

Editorial | Medical insurance review a timely move for a sector under pressure

Hopefully, the review will open doors to a transparent, digitally accessible and internationally focused insurance market.

Hospital staff wheel a patient into Kwong Wah Hospital’s accident and emergency department on January 1. Photo: Sun Yeung
Hong Kong economy

Opinion | Iran war shows urgency of Hong Kong’s green shipping transition

As an international maritime hub, the city must speed up green fuel bunkering and strengthen its marine war-risk insurance business.

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Oil storage tanks and oil tankers unloading at Tsing Yi depot, Hong Kong, on March 10. Photo: Sam Tsang
Greater Bay Area

Hong Kong regulator sets ‘comprehensive’ review of medical insurance costs

Analysis aims to increase transparency at a time when some insurance prices are rising faster than medical costs, Insurance Authority CEO says.

Banking & finance

Hong Kong export credit insurer keeps premiums low despite Middle East tensions

Agency says limited exposure to the Middle East has kept trade risks contained for most Hong Kong exporters.

Middle East

Hong Kong marine insurers gain edge over London with cheaper war-risk cover

Hong Kong’s special pool offers cheaper war cover for 10 Chinese ships in the Gulf, bolstering the city’s role as a marine insurance hub.

A special pool, backed by five Hong Kong insurers, offers 10 mainland China ships up to US$130 million in compensation against war and emergency risks. Photo: Elson Li
Two Sessions 2026

China to pursue commercial health insurance to ease strain, support innovation

Commercial health insurance enters China’s policy agenda as an ageing population and costs strain basic coverage.

The move signals efforts to strengthen the country’s social safety net and support the growth of innovative drugs and medical devices. Photo: Getty Images
Electric & new energy vehicles

China’s EV insurers move towards profitability on higher premiums, AI adoption

Chinese insurers are turning to AI as the technology cuts labour costs and enhances pricing accuracy.

Artificial intelligence

Colour matters: how AI is changing car premiums and services in China

Car colour, driving habits and location influence insurance premiums, according to a digital solutions provider using ByteDance’s AI model.

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