Banks consider the alternative

Article Abstract:

Commercial and investment banks are poised to impact the alternative insurance market, many insurance and banking industry executives say. The banks are cultivating a profitable business through risk retention groups and captives, which help clients avoid conventional insurance. Banks probably will place an immediate emphasis on more easily understood life insurance products and personal lines. Final federal regulations will determine banks' activity in market insurance and alternative market insurance.

Commercial Banks, Commercial Banking, Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Property & Liability NEC, Banking industry, Investment banks

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Hong Kong reports robust market, although auto premiums declined

Article Abstract:

The insurance industry in Hong Kong continues to grow, despite declining automobile insurance premiums, according to a report issued by the Insurance Commissioner. Property and casualty and life insurance premiums accounted for about 3.7% of Hong Kong's economy in 1994. Gross premiums for automobile insurance declined by 3.5% in 1994 while general casualty insurance gross premiums increased by 45% during the same time period.

Property & Liability Insurance, Surety insurance, Insurance, Automobile insurance

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Hong Kong insurance boom shows few signs of slowing

Article Abstract:

Both Chinese and international companies are competing for a bigger share of Hong Kong's highly competitive life insurance market. Hong Kong's life insurance market has registered a 20% annual growth over the last decade and over 40% of adults have life insurance. The Hong Kong Federation of Insurers' solvency standards require life insurance companies' total assets to exceed their worldwide liabilities by a solvency margin.

Life insurance industry, Market share

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