PRUeShop. We cover life, health, savings, investment and more. Personal and Business Insurance - Chubb in Hong Kong Celebrating Our 45th Anniversary in Hong Kong 45% Year-Round Discount - Accident-Protection Products Offer! The new Chubb Lifeâs e-Service portal is launched! Hong Kong is a lucrative market for global insurers including American International Group Inc, AXA SA and Zurich Insurance Group AG, with the value of premiums as a percentage of gross domestic product at 18.16%, second only to Taiwan in the Asia-Pacific region. Displaying a banner in support of the police – who protesters have complained of being heavy-handed – was enough to see a small video game shop in western New Territories vandalised four times this month. We are pleased to announce the launch of CHUBBot / Live Chat has been launched. With the CHUBBot, you can connect to us anytime anywhere on 24/7 basis, and CHUBBot is more than welcome to assist you on general enquiries. Whatâs more, we have designated Customer Service Officers to assist you during office hour. To start the chat journey, simply assess https://eservice.chubblife.com.hk/#/ and click the âOnline Chatâ button at the bottom of the page. “Luckily there’s been no big typhoon this year, but the unlucky thing is there have been riots.”. This includes other miscellaneous actions like defamation or mental anguish. “The Group is discussing and handling with its insurance company,” it said. The executives and the lawyer declined to be identified due to the sensitivity of the matter. The Insurance Authority (IA) replaced the Office of the Commissioner of Insurance as Hong Kong’s insurance regulator in June 2017. “That’s why in 2019 they have been extra prudent in covering property,” the broker said. READ MORE: While businesses flood insurers with claims for such damage, few are likely to be fully compensated as Hong Kong insurance usually protects against … And among them, protection type … The newly designed portal makes your navigation quickly and easily. Retailer Best Mart 360 Holdings Ltd on Wednesday said as of Oct. 13, 59 of its stores had suffered damage during protests. Hong Kong insurance companies. Please read our Commenting Policy first. Promotion Period: 1 Jan - 31 Dec 2021 (both dates inclusive). Its specific functions are set out in section 4A of the IO and include: Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. These are welcome steps and show that the Insurance Authority, which became the insurance regulator in Hong Kong just this June, is taking seriously its statutory function to promote the stable and sustainable development of the insurance industry. Private medical health insurance will assure that you get access to high-quality healthcare, which is often reimbursed by employers. Treatment of unrealised gains – varying accounting treatments depending on nature of investment and whether the ‘benchmark’ or ‘alternative’ method of accounting is selected by the insurer. Hong Kong’s First Virtual Insurance Company. The Insurance Ordinance (Cap. The financial impact of the protests could not be determined with unrest ongoing, but two insurance executives said liabilities for insurers could run into millions of dollars. Through the strategic investment, the partners will jointly develop and distribute investment and insurance solutions across Asia. “So you will see a sharp rise in litigation around what’s covered and what’s not, as well as pressure on earnings of insurance companies because of a surge in claim settlements and a drop in premium income,” the lawyer said. Looking for something … We regret that we can only provide customer services via our hotline at the moment and apologize for any delayed response during this period. Our global health insurance can take the pressure off and provide reassurance at this busy and exciting time. Chubb F&B Product Liability Insurance provides a blanket coverage for all takeaway food and beverage sold in Hong Kong. Total insurance premium volume in the territory last year rose 8.3% to $66 billion, the quickest growth rate in the advanced Asia-Pacific region that includes Australia, Japan and Singapore, a Swiss Re study showed. “I don’t know whether I’ll get insurance compensation,” said shop owner K.K. MHGL is not an insurance company, agent or broker. Best Mart did not identify its insurer or elaborate on why compensation might be refused. The above products are products of HSBC Life (International) Limited and AXA General Insurance Hong Kong Limited, they are intended only for sale in the Hong Kong SAR. Public trust in police fading as Hong Kong protests continue. Hong Kong’s virtual banks primed to disrupt insurance. No registration is required to enjoy the coverage. “Overall financial damage from these events will be quite significant and neither insurers nor most of the businesses would have prepared for something like this,” said an insurance sector lawyer with a global law firm. Government-certified medical reimbursement plans offering various levels of cover to meet your budget and needs, with guaranteed renewal and tax deduction. Chubb is the worldâs largest publicly traded property and casualty insurer. The Insurance Authority of Hong Kong issues guidance on enforcement and secrecy provisions 5 August 2020 The Insurance Authority of Hong Kong (IA) has issued Frequently Asked Questions (FAQs) on enforcement and an Explanatory Note (Explanatory Note) to clarify Section 121 of the Insurance Ordinance (Cap. Want to discuss? From January 1, 2017, the first phase of changes to the Hong Kong Insurance Authority’s Guidance Note on the Corporate Governance of Authorized Insurers (GN10), took effect. Sign up now. In celebration of Chubb’s 45th … The office hour of our Chubb Life Premier Service Center (at Causeway Bay) and Hotline service will resume normal from 8 March 2021 (Monday - Friday 9:00am - 6:00pm, Saturday 9:00am - 12:30pm, Sunday & public holidays: Closed). Check the latest prices of investment options (for investment-linked assurance schemes). With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. To protect you from any adverse effects from the vaccine against COVID-19, we are offering a free Post COVID-19 Vaccination Coverage to all insured under Chubb Assured Medical Series policy. The government provides all public healthcare services free of charge or for a small fee. The insurance plans shown above are not equivalent to any bank deposit or savings. The good thing about Helper Insurance is that you should be able to move the coverage to a new helper if the policy is still current and has not expired. Our favorite Helper Insurance is Allied World Maid Guard (Plan III). HKD500 shopping coupon for new customer who submits an online appointment and successfully takes out a plan in Hong Kong, and free masks upon completing FNA . Does your current insurance cover you against the liability of take away food & beverage? Businesses big and small have suffered smashed windows, graffiti and even fire for their perceived support of mainland China by activists concerned that the central government in Beijing is exerting increased control over the special administrative region at the cost of democratic freedoms. Without riot insurance, Hong Kong firms face costs of protest damage, Hong Kong police douse mosque, protesters in blue dye, Hong Kong police douse mosque, protesters in blue dye – Oct 20, 2019, Hong Kong faces violence, vandalism amid recent protests, Hong Kong faces violence, vandalism amid recent protests – Sep 7, 2019, Deer herd stampedes over surprised driver’s car in wild dashcam video, COVID-19 patient dies after rare 3-hour erection in hospital, Hong Kong protesters vandalize stores in Sha Tin, Hong Kong protesters vandalize stores in Sha Tin – Oct 13, 2019, Hong Kong protesters, police in chaotic clashes as metro, shops targeted, Hong Kong protesters, police in chaotic clashes as metro, shops targeted – Oct 13, 2019, Denmark, Norway, Iceland temporarily suspend use of AstraZeneca vaccine, Health Canada says AstraZeneca vaccine safe after countries suspend use, ‘We’re not racist’: Prince William responds to Meghan Markle, Prince Harry interview, Piers Morgan doubles down on Meghan Markle attacks after ‘Good Morning Britain’ exit, Police dashcam catches moment driver caught in deer stampede, Coronavirus: Biden says U.S. will come out of pandemic stronger, Fort McMurray couple charged with sexual assault of infant, Man buys bicycle but refused pickup because of his weight, Health officials reassuring Canadians the AstraZeneca vaccine is safe, One year of pandemic life in British Columbia, Demonstrators block roads, clash with police as protests in Hong Kong continue, Hong Kong police say homemade, remote-controlled bomb targeted officers, Public trust in police fading as Hong Kong protests continue. Crediting Interest Rate Philosophy, Investment Philosophy, Policy and Strategy, and Historical Crediting Interest Rates. As such, the answer to whether you need health insurance in Hong Kong is almost always “it depends.” That is why we have designed Enterprise Guard Plus, a package policy that covers you against unexpected expenses in running your business. If you choose to opt for the public healthcare option, you do not need private Hong Kong health insurance. Hong Kong police say homemade, remote-controlled bomb targeted officers. Insurtech; Hong Kong; HKIA expects ZA Bank's interplay with digital insurance arm to spur similar ventures. While businesses flood insurers with claims for such damage, few are likely to be fully compensated as Hong Kong insurance usually protects against events such as fire and natural disasters, such as typhoons. Enjoy an upfront 4.5% premium discount upon successful enrolment within the Promotion Period. Coverage for civil unrest, particularly for small and mid-sized firms, is uncommon, industry insiders said. Dividend/Bonus Philosophy, Investment Philosophy, Policy and Strategy, and Historical Fulfillment Ratios. For any enquiries, please email to Enquiries.HKLife@chubb.com, or call us at (+852) 2894 9833. Near term, Hong Kong insurers expect a surge in demand for coverage that includes riot damage, though profit is likely to suffer from payouts for event cancellations, a drop in demand for travel insurance and, more generally, economic downturn. EN. About Us. What can my plan cover?