Prudential Hong Kong also expanded its office space.
The insurance industry from 17 to 21 August saw a wave of new product launches, business expansion and strong first-half earnings growth this past week.
Chubb Life Hong Kong has launched the Chubb Care Critical Illness Series, a suite of health insurance plans offering flexible payout options and unified premiums for customers in Hong Kong and Mainland China.
The insurer said the products are designed to provide coverage for people with different health profiles, including those who have previously suffered from critical illnesses.
The launch comes as private healthcare costs in Hong Kong are the second highest in the world, according to Chubb.
In India, Policybazaar has launched a dedicated term insurance plan for students, developed with its insurer partners, aimed at extending life cover to young Indians before they enter full-time employment.
ICICI Prudential Life Insurance and Axis Max Life Insurance are amongst the insurers backing the offering.
The Student Term Plan is available to individuals aged 18 to 25 and offers life cover starting at $26.1k (INR2.5m).
Meanwhile, Prudential Hong Kong Limited has signed an agreement with Swire Properties to expand its office accommodation at Taikoo Place, taking its total space there to approximately 83,000 square feet.Â
Under the deal, Prudential will consolidate its operations into One Taikoo Place and One Island East. The insurer has been based at Taikoo Place since 2011.
Tim Blackburn, chief executive of Swire Properties said the expansion formed part of Swire Properties’ HK$100b investment plan for Taikoo Place, which he said was positioned to serve corporates from Hong Kong, mainland China and overseas.
It’s also earnings season, and AIA Group Limited’s consolidated net profit for the six months ended 30 June jumped 69.2% year-on-year (YoY) to $4.3b.
AIA Group reported a 10% increase in value of new business (VONB) to $3.2b in the first half of 2026, as the insurer recorded double-digit growth across several key financial measures.
The Hong Kong-listed insurance group said its results for the six months to 30 June showed continued growth in new business, earnings and cash generation.
Ping An Healthcare and Technology Company, also known as Ping An Good Doctor, reported a 63.5% year-on-year increase in profit attributable to owners of the parent to $32.5m (RMB219.3m) for the six months ended 30 June 2026, as its corporate health management business continued to grow.
Adjusted net profit rose 37.7% to $33.6m (RMB226.8m), whilst total revenue reached $368.0m (RMB2.48b) during the period.
Revenue from its commercial insurance enablement business stood at $234.4m (RMB1.58b).
