Purchase Excessive PR Contextual Backlinks

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HK Insurance Authority hosts climate change panel discussion

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Read more: HK Insurance Authority seizes control of Target Insurance

The panel, composed of senior executives from two insurers, a reinsurer, and an insurance broker company, discussed the implications of local and global climate-related initiatives on the insurance industry, including the “Common Ground Taxonomy” which provides reference for identifying environmentally sustainable activities, and growing needs for climate-related risk management, from the perspectives of a risk underwriter and an impact investor.

The panellists also talked about challenges they encountered, such as climate-related data needs and gaps, and shared their insights on other areas of potential opportunities, such as the development of

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AXA Hong Kong and Macau launches new savings insurance plan

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AXA Hong Kong and Macau has launched a new savings insurance plan that it says will help customers “seize currency potentials and accelerate wealth building with exceptional flexibility to suit changing trends and needs.”

In a statement, AXA said its new “FortuneXtra Savings Plan” provides customers with a choice of up to nine policy currency options – including Chinese renminbi (RMB), United States dollar (USD), British pound (GBP), Euro (EUR), Canadian dollar (CAD), Australian dollar (AUD), Singapore dollar (SGD), Hong Kong dollar (HKD) and Macau pataca (MOP, for policies issued in Macau).

Read more: AXA Hong Kong launches

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More insurance brokerage consolidation expected in 2022

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Over the past few years, as the world has grappled with the COVID-19 pandemic and related economic challenges, the insurance brokerage space has proven to be very profitable, lucrative, and resilient, according to Mark Friedman, a partner in PwC’s Financial Services Deals practice where he supports private equity and corporate clients with transactions in the insurance sector.

“When COVID hit, there was a brief disruption to the overall capital markets, but certain sectors came out better and cleaner than others,” Friedman told Insurance Business. “The insurance brokerage space proved to be extremely agile through that period. We’ve had conversations with

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