Hong Kong’s insurance sector is expected to face record claims of HK$2.6 billion (US$334 million) related to the deadly fire in Tai Po, the worst in seven decades that claimed 75 lives and seriously damaged seven buildings, according to industry insiders. The fire would lead to a surge in insurance payments for personal and property…
Behind AIA Indonesia’s success in winning the Silver Award for Best Awareness Campaign lies a philosophy that goes far beyond traditional health marketing. For AIA, the objective isn’t merely to promote products or services, but to become a meaningful companion in people’s health journeys — reinforcing that wellbeing is not a one-off decision, but a…
NASCAR Cup Series champion Kyle Busch and his wife Samantha said Tuesday that they had lost over $8 million in a life insurance scheme. The Busches released a video to social media saying they wanted others to avoid making the same mistake they did. RP Legal, the firm representing the Busches, said in a statement…
Hong Kong’s financial sector has seen strong growth in the number of women taking up senior positions and board directorships in recent years, driven by regulatory changes and corporate initiatives promoting gender diversity, according to a survey released on Tuesday. Women held 45 per cent of senior leadership roles – namely CEO, managing director and…
The first signs don’t always come in a doctor’s report. Sometimes it’s the fatigue after climbing two flights of stairs, or the persistent headache that refuses to go away. For many Indians in their 30s and 40s, these small interruptions in daily life are early warnings of deeper conditions like diabetes, hypertension, cardiac risks that…
Bank of East Asia (BEA), Hong Kong’s largest family-owned lender, beat expectations with 14 per cent growth in its first-half net profit, as a robust wealth-management business offset an increase in bad debt from commercial real estate. The bank recorded HK$2.41 billion (US$309 million) in net profit for the six months to June, or 86…
Strengthening protection amid rising climate risks and growing cross-border mobility HONG KONG, Aug. 13, 2025 /PRNewswire/ — AXA Hong Kong and Macau (“AXA”) and MOTOGO are pleased to announce a strategic partnership, introducing two innovative insurance solutions provided at no cost to eligible MOTOGO members under Dah Chong Hong Motors. These offerings include the market’s first…
Some useful insights on smartphone theft here from SquareTrade Europe. The UK is experiencing a surge in mobile phone theft, with July emerging as the peak month for claims, according to new data from SquareTrade Europe. In 2024, theft and loss claims reached its summer peak at nearly 37% in July alone, and is expected…
By Arasu Kannagi Basil (Reuters) -Billionaire sports financier Todd Boehly-backed Accelerant was valued at $6.4 billion as its shares jumped 36% in their New York debut on Thursday, underscoring a strong investor appetite for insurance listings. The shares of the specialty insurance marketplace opened at $28.50 apiece, above the $21 offer price. In 2023, the…
Rising medical costs, increased premium hospitalisation for heart ailments, and a surge in lifestyle diseases are putting pressure on India’s health insurance premiums, said Sharad Mathur, MD & CEO of Universal Sompo. He noted that while insurers are facing growing claims, premium hikes must be backed by data and not driven by short-term cost pressures….