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Hong Kong Life Insurance Dominates Market, Crowding Out Health and P

Hong Kong Life Insurance Dominates Market, Crowding Out Health and P

Hong Kong's insurance market is heavily dominated by life insurance, which accounted for 93.2% of the total insurance sector in 2025, according to Allianz Research's Global Insurance Report 2026. Life insurance premiums reached $89.3 billion, far surpassing property and casualty (P&C) insurance at $3.8 billion and health insurance at $2.7 billion. The report highlights Hong Kong's high insurance penetration, with total premiums equating to 22.6% of GDP. The market is expected to grow, with life insurance premiums projected to rise to $156.7 billion by 2036.
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NAIC Regulators Push for Overhaul of Annuity Illustration Regulations

NAIC Regulators Push for Overhaul of Annuity Illustration Regulations

NAIC Regulators Push for Overhaul of Annuity Illustration Regulations
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Prudential Financial Announces Layoffs Amid Restructuring Efforts

Prudential Financial Announces Layoffs Amid Restructuring Efforts

Prudential Financial Announces Layoffs Amid Restructuring Efforts
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Taiwan beefs up anti-ship missile arsenal to counter threat of Chinese invasion

Taiwan beefs up anti-ship missile arsenal to counter threat of Chinese invasion

By David Lague and Yimou Lee TAIPEI, June 4 (Reuters) - Taiwan will sharply increase its arsenal of powerful anti-ship missiles to more than 1,800 by early 2029, as it seeks to enhance its capacity to counter a mounting threat of blockade or invasion by China, according to a Reuters calculation.
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China bans 4 New Zealand lawmakers after they visited Taiwan

China bans 4 New Zealand lawmakers after they visited Taiwan

Beijing has banned four New Zealand lawmakers from traveling to China for a year, demanding an apology for their visit to Taiwan
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Taiwan Urges Japan and Philippines to Respect Sovereignty in Maritime Talks

Taiwan Urges Japan and Philippines to Respect Sovereignty in Maritime Talks

Taiwan's Foreign Ministry has called on Japan and the Philippines to respect its sovereignty and territorial rights during ongoing maritime border discussions. This request follows the announcement by Japan and the Philippines to begin formal talks to delimit their maritime boundary in accordance with international law. Taiwan insists that any agreements reached should not infringe upon its sovereignty rights, which it claims are indisputable under international law. The situation has escalated tensions with China, which considers Taiwan part of its territory and has responded by deploying coast guard vessels near Taiwan's eastern coast. Taiwan has rejected China's claims of sovereignty and criticized its attempts to undermine regional peace and security.
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Fintech Events Highlight Innovations and Strategic Partnerships for 2026-2027

Fintech Events Highlight Innovations and Strategic Partnerships for 2026-2027

Fintech Events Highlight Innovations and Strategic Partnerships for 2026-2027
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Convex Group Launches Kinetic Insurance Services to Expand Specialty Lines

Convex Group Launches Kinetic Insurance Services to Expand Specialty Lines

Convex Group Launches Kinetic Insurance Services to Expand Specialty Lines
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Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

New Zealand's government plans to express concern to Beijing after four lawmakers were banned from visiting China for a year
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Taiwan's Stock Market Poised for Growth Amid Global AI Boom, Says Investment Expert

Taiwan's Stock Market Poised for Growth Amid Global AI Boom, Says Investment Expert

Taiwan's Stock Market Poised for Growth Amid Global AI Boom, Says Investment Expert
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Chinese Aircraft Carrier Conducts Drills East of the Philippines Amid Rising Tensions

Chinese Aircraft Carrier Conducts Drills East of the Philippines Amid Rising Tensions

The Chinese navy conducted aircraft carrier drills in the Pacific Ocean east of the Philippines, as confirmed by Japan's defense ministry. The exercises involved the aircraft carrier Liaoning and accompanying vessels, which performed approximately 170 take-off and landing drills. The fleet was observed cruising near the western Pacific Rim, reaching as close as 590 km southeast of Japan's Miyakojima Island. This activity is part of China's increased maritime operations in response to strengthening security ties between U.S. allies Japan and the Philippines. Taiwan's defense ministry has also been monitoring the Liaoning, noting its passage through the Taiwan Strait earlier this year.
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World shares are mixed as Tokyo's Nikkei 225 follows Wall Street to an all-time high

World shares are mixed as Tokyo's Nikkei 225 follows Wall Street to an all-time high

Shares have opened lower in Europe