Jan 2022
Issue No.296
New Member
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warm welcome to China Pacific Life Insurance (H.K.) Company Limited for joining HKFI as a Life Insurance Member.
Recent Incident on Taxi Insurance
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arket stability is a core requirement for the sustainability of any insurance market. HKFI is supportive of any measures that maintain the stability of the market and safeguard the interests of its policyholders. In this light, we have worked closely with the Insurance Authority (IA) and played a constructive role in managing the recent controversies and minimizing the potential adverse impact the incident might have on the industry and the public.
Over the past year, the core group established under the Accident Insurance Association has put forward a raft of viable solutions at the Legislative Council’s Joint Subcommittee on Issues Relating to Insurance Coverage for Transport Sector to tackle the pain points in different stages of the taxi insurance value chain. More recently, we put forward our proposal again reaffirming our commitment to supporting the Government’s determination to address the fundamental problems about the taxi industry and enhance the service quality and safety of taxis.
Protection-Linked Plan (PLP)
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fter its issuance of a circular on 28 December 2021, the IA held a media briefing on the same day to explain and educate the public on key features and differences of PLP versus ILAS. Meanwhile, the HKFI has been working on a series of public education programmes on PLP which will be distributed through different channels. Stay tuned and anticipate our upcoming informative and entertaining promotional videos!
Asian Financial Forum (AFF) 2022
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n 10 January 2022, HKFI Chairman Mr Edward Moncreiffe and Chairman of Task Force on Green Insurance Mr Eric Hui joined the thematic breakout session titled “Innovating Insurance to Combat Climate Change” at the AFF 2022 and had an insightful exchange of views with other industry experts on how to address climate change and the emerging opportunities ahead.