News
Mox Bank launches annual travel cover for unlimited trips
3+ hour, 31+ min ago (234+ words) Customers can purchase policies, manage coverage and file claims through the mobile app. Mox Bank has launched an annual travel insurance plan in Hong Kong in partnership with QBE Hongkong & Shanghai Insurance, offering customers unlimited trips over 12 months through its…...
FWD Insurance new business first year premiums surge 59% in 2025
2+ mon, 1+ day ago (355+ words) The insurer ranked third amongst new business single premiums. FWD Insurance reported that new business first year premium (FYP) increased by 59% year-on-year (YoY) whilst new business annual premium equivalent (APE) increased by 41% YoY. The group, citing government statistics, both FYP…...
Hang Seng targets $3,300 retirement income gap
2+ mon, 1+ week ago (233+ words) Pre-retirees said they need about $5,200 a month for a comfortable retirement. Hang Seng improved its IncomePower Life Insurance Plan, aiming to help customers generate passive income and plan for long-term wealth and legacy needs. The plan offers a non-guaranteed monthly…...
Hong Kong insurance records 109,813 new policies
2+ mon, 1+ week ago (117+ words) New direct long-term business covered 1.1 million lives in 2025. Hong Kong’s long-term insurance market recorded 109,813 new direct long-term policies in 2025. New direct long-term business brought in $21.1b (HK$162.0b) in single premiums and $22.0b (HK$168.9b) in annualised premiums during the period, according to provisional…...
Hong Kong’s travel and medical insurance complaints rise 33%
2+ mon, 2+ week ago (173+ words) The Bureau recorded 857 travel and medical insurance complaints in 2025. In 2025, Hong Kong recorded 857 complaints related to travel and medical insurance in 2025. Data from the Insurance Complaints Bureau also said this was up approximately 32.7% year-on-year. Of 447 concluded cases reviewed by the…...
Hong Kong regulator tightens oversight after complaints jump 19.9%
3+ mon, 1+ week ago (117+ words) Hong Kong recorded a total of 1,173 insurance complaints in 2025, 19.9% higher than the previous year. The Hong Kong Insurance Authority (IA) has released its latest Conduct In Focus report, detailing complaint statistics for 2025 and outlining key regulatory priorities for insurance intermediaries....
Hong Kong insurance C-Suite pay hits $3m as affluent client focus drives 2026 hiring
3+ mon, 2+ week ago (409+ words) Hays 2026 data shows Risk and Compliance chiefs hit record pay as insurers target wealthy clients. Hong Kong’s insurance sector is expected to see steady hiring in 2026, driven by demand for high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, and by the industry’s…...