InsurTech

The Changing Face of Insurance Distribution in Hong Kong — Can Incumbents Keep Up?

In recent years, especially since 2019, there has been a noticeable shift in Asian consumers buying behaviour towards online channels. This holds true for the insurance industry as well, with customers searching for virtual policies in larger numbers.  In Hong

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Manulife Appoints Anne-Maree Tassell as COO for Asia

Manulife has announced the appointment of Anne-Maree Tassell as its new Chief Operations Officer for Asia effective today onwards. Anne-Maree will be driving the Manulife’s growth strategy and digital transformation in the region. She has more than 30 years’ experience

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ZA Bank Rolls Out Short-Term Savings Insurance Available From HKD10,000

Hong Kong’s virtual bank ZA announced that it has rolled out another short-term savings insurance plan starting from HKD 10,000 (approximately US$ 1,280) through the app in just 3 minutes. The ‘ZA Savings Insurance 4’ is denominated in Hong Kong

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Klook Ties up With AXA to Offer Insurance Protection to Its Hong Kong Customers

Travel and leisure booking platform Klook has partnered with AXA Hong Kong & Macau to provide insurance protection for its customers. Under this partnership, AXA and Klook will first launch “Klook Travel Care” for its Hong Kong customers. The offering covers

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livi bank Partners With FWD to Roll Out In-App Home Insurance Offering

Hong Kong’s livi bank has partnered with FWD General Insurance to launche a home insurance offering that is available through its app at an annual premium of HK$4202. Application for the Easy HomeCare offering is fully digital and can be completed

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China To Dominate The Insurtech Industry: New Report Shows

A new report estimated that China’s insurtech market would grow 36.88 percent CAGR between 2022 and 2031 to reach 34.05 trillion yuan (US$4.76 trillion). In 2021 alone, the market’s revenue was 1514 billion yuan (US$211.7 billion), according to Research Nester,

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ZA International to Tokenise Its Loyalty Programme

Digital insurer ZA International has unveiled plans to tokenise its ZA Coin loyalty programme to create more applications for the coin within the platform’s ecosystem. ZA Coin has 380,000 users at present, with a total redemption amount of close to

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AXA Emerges as the First Insurer in Hong Kong to Enter The Sandbox Metaverse

AXA has emerged as the the first insurer in Hong Kong to enter The Sandbox metaverse which is a decentralised gaming virtual world and a subsidiary of Animoca Brands. Through this partnership, AXA Hong Kong has acquired a 3×3 LAND

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Ping An Ranks First Among Chinese Finance Companies on Forbes’ List

Ping An Insurance Group ranked first among China’s financial companies and 5th among global insurance companies on the Forbes’ World’s Best Employers 2022. The group was 8th among all Chinese companies on the list and 211th in the world overall.

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Manulife Appoints New Chief Marketing and Experience Design Officer for Asia

Manulife announced the appointment of Harshal Shah as its new Chief Marketing and Experience Design Officer for Asia, effective 17 October 2022. He will also be a member of the company’s global leadership team. Harshal joins Manulife’s Asia Executive Division

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