China Pacific Life Insurance (HK) Company has received authorisation from the Hong Kong Insurance Authority to operate long-term insurance business in the special administrative region.
The licence, dated Nov. 18, enables the insurer to play an important role in China Pacific Life Insurance’s strategy for the Greater Bay Area (GBA) strategy, said John Cai, general manager and CEO of CPIC Life. The Hong Kong operation also serves as a springboard for CPIC’s international business, he said.
Cai said that CPIC is pursuing its Big Health Strategy, which integrates health management, insurance products and medical services. It took part