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Insurance

Insurance
Stories about the insurance industry, including life, general, property and casualty insurance
Tourists look at Victoria Harbour from Tsim Sha Tsui. Photo: Dickson Lee
Banking & finance

Hong Kong life insurance sales rise 43% in first quarter to hit record high

Hong Kong’s life insurance industry sees sustained demand for savings, health and protection products, Manulife says.

Hong Kong weather

What can Hong Kong homeowners do to reduce losses from future typhoons?

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Hong Kong

Typhoon Wipha: insurance claims likely to be smaller than damages from Saola

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Hong Kong society

Explainer | Lessons from Hong Kong singer Jenny Tseng’s luggage theft experience

The Post delves into measures you can take to safeguard your personal belongings while flying.

Jenny Tseng. Photo: Handout
Venture capital market

Hong Kong virtual insurer Bowtie Life raises US$70 million in third funding round

Company, established in 2018, cites Hong Kong’s stock market rally for its success in raising funds.

The Philippines

Philippines ‘least safe’ to travel to? Sorry, Canadian firm says

HelloSafe’s ‘2025 Safety Index’ put the Philippines at the bottom of a list measuring how safe a country is for travellers.

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Banking & finance

Hongkongers show penchant for adding life to years, Manulife says

Hongkongers want to ‘live independently and do what is important’ rather than simply live longer, a survey of 1,000 residents shows.

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People aged 65 and above made up 22 per cent of the 7.5 million residents in Hong Kong last year. Photo: Jelly Tse
Hong Kong transport

Hong Kong authorities to reserve the power to regulate ride-hailing fares

The government plans to retain control over ride-hailing charges despite proposed law allowing operators to set prices freely.

China's population

‘Financial burden’: why millions in China still quit national health insurance

Rising costs, stagnant incomes and growing distrust drive people to opt out of medical coverage, analysts say.

AIA

Retiring AIA chairman Edmund Tse reflects on 64 years with the insurer

Tse presided over the company’s blockbuster IPO and return to mainland China in a career that began in 1961 with a monthly salary of US$76.90.

AIA chairman Edmund Tse Sze-wing speaks to the media in a briefing on July 9, 2025 at AIA Central. Photo: Enoch Yiu
United States

FEMA loosened flood oversight at Camp Mystic before deadly Texas floods

Federal regulators approved appeals to exclude Camp Mystic’s buildings from the 100-year flood map, reducing oversight as the camp expanded in a flood-prone area.

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A building at Camp Mystic is reflected in water after a flash flood swept through the area July 7, in Hunt, Texas. Photo: AP
Hong Kong healthcare and hospitals

Could Hong Kong add preventive checks to its voluntary health insurance system?

Acting health minister Libby Lee says authorities will talk to insurance industry to study inclusion of some screenings.

Singapore

Do Singapore’s insurers and private hospitals need a rethink as costs surge?

Great Eastern’s suspension of pre-treatment approval for admission to two Mount Elizabeth hospitals has sparked a debate on cost management.

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China Conference: Hong Kong

Hong Kong’s insurance market may balloon 55% as Greater Bay Area ages

Gross insurance premium in the city may jump to US$127 billion by 2032, Manulife Financial’s Asia president says.

Residents attend a Chinese New Year fair at a home for the elderly in the Nansha district of Guangzhou city on February 3, 2024. Photo: Xiaomei Chen
Banking & finance

HSBC, Manulife, BOC Life expand offerings for Hong Kong retirees

Senior Hongkongers evaluating such investment products should be cautious about non-guaranteed payouts, a broker says.

Elderly Hongkongers rest in a park in Cheung Sha Wan on August 16, 2023. Photo: Jelly Tse
IPO

FWD rises as it ends listing quest with a win in its hometown market

The Hong Kong IPO is not the end-game for the home-grown Hong Kong insurer, as its CEO Huynh eyes a new growth phase.

Banking & finance

Hong Kong’s redomiciliation push lures global firms from tax havens

As the appeal of traditional tax havens like Bermuda and the Cayman Islands wanes, Hong Kong steps in to lure global multinationals.

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IPO

FWD files for Hong Kong listing amid slew of jumbo IPO deals

Insurer will get a market value of HK$48.3 billion based on its IPO share price of HK$38, before an overallotment option.

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FWD’s corporate logo atop its main building in Hong Kong. Photo: Reuters
Banking & finance

Hong Kong to be Chinese companies’ launch pad in Shanghai pact

The two cities signed an agreement to strengthen the development of banking, insurance, financial derivatives and trade settlement.

Banking & finance

Exclusive | DBS Hong Kong hiring wealth managers as investors’ risk appetite grows

The subsidiary of the Singapore bank plans to hire 100 bankers and open a new wealth-management centre.

Hong Kong economy

Hong Kong’s easier redomiciling policy ‘attracts 150 inquiries from companies’

Treasury minister hails ‘very positive’ response after new law makes it easier for companies to transfer legal domicile status to city.

About 180 family offices have also been set up or expanded their operations in Hong Kong this year, the treasury minister has said. Photo: Jelly Tse
Manulife

Manulife’s local unit to redomicile from Bermuda in November

‘Redomiciling to Hong Kong allows us to better align with the city’s robust financial and regulatory environment,’ CEO says.

Manulife’s logo is displayed atop Lee Garden One in Causeway Bay, Hong Kong, on June 29, 2019. Photo: Shutterstock
Japan

No more free rides: Japan’s health insurance crackdown on tourists

Visitors with unpaid medical bills may be stopped from leaving or face detention when entering the country.

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Banking & finance

HSBC’s Mark Tucker to return to AIA; interim replacement is Brendan Nelson

Earlier this year, Tucker said he would retire from HSBC by the end of this year; Nelson held senior roles at KPMG UK.

Hong Kong healthcare and hospitals

Opinion | Cooperation the only way to avert Hong Kong’s healthcare cost crisis

Healthcare in Hong Kong should operate as a true system rather than as an inefficient, disaggregated environment with competing stakeholders.

People wait in a queue for medicine at the pharmacy in Kwong Wah Hospital on March 24. Photo: Edmond So
Bonds

China’s Ping An raises US$1.5 billion from convertible bonds to fund growth

The notes will not bear interest throughout the five-year term and can be converted into Hong Kong-traded shares at HK$55.02 each.

Ping An said it would use the proceeds from the bonds to further develop its core business. Photo: Reuters
Bonds

Hong Kong aims to attract catastrophe bond issuers, investors with incentives

Issuers, including World Bank and Peak Re, have raised US$800 million since Hong Kong implemented a new regulatory regime in 2021.

IPO

Exclusive | FWD targets July listing in Hong Kong after adding IPO bankers, sources say

Insurer added CMB International and HSBC as overall coordinators on Thursday, joining Goldman Sachs and Morgan Stanley on the panel.

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