Hong Kong insurance market to exceed major threshold in 2026

Amber

“After recovering by 6.1% in 2021, the Hong Kong GDP growth is anticipated to slow down to 1.5% in 2022 thanks to the resurgence in the quantity of COVID-19 instances,” reported Jeneshree Sahoo, insurance policy analyst at GlobalData. “Despite these difficulties, the standard insurance coverage field is forecasted to expand […]

AM Best Places Credit Ratings of Blue Cross (Asia-Pacific) Insurance Limited Under Review With Developing Implications

Amber

HONG KONG, March 10, 2022–(Business enterprise WIRE)–AM Best has placed under assessment with acquiring implications the Money Toughness Ranking of A (Superb) and the Long-Expression Issuer Credit Ranking of “a” (Exceptional) of Blue Cross (Asia-Pacific) Insurance Confined (Blue Cross) (Hong Kong). Blue Cross is a wholly owned subsidiary of The […]

Breaking the bias against women in insurance

Amber

“There have been a couple situations in the past when I walked into a customer conference with my workforce (who had been all male) and the client stakeholder assumed I was the translator or secretary,” Chung explained to Insurance coverage Company. “I recognise that bias exists – often unconsciously as […]

Pandemic places highlight on reputational possibility

Amber

Following the COVID-19 pandemic, reputation matters more than ever to organisations and any trust-related difficulties should be dealt with swiftly with comprehensive and causal explanations to handle reputational risk, in accordance to a new report jointly launched by RIMS, Airmic, and RepTrak. “As organisations deal with problems arising from the […]

A lot more insurers to collaborate with Significant Tech post-COVID

Amber

The publish-COVID landscape could see elevated collaboration among the insurers, InsurTechs and BigTechs, according to a new analyze by Capgemini. Capgemini’s yearly Earth InsurTech Report uncovered that far more than 60% of insurers and InsurTechs interviewed, expressed desire in doing work with technologies firms such as Facebook and Google. Capgemini […]