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His own portfolio tells a different story: Report – Firstpost‘Sorry’: Why Brendon McCullum apologised to England fans ahead of IND vs ENG 1st ODI | Cricket NewsDhurandhar Singer Jasmine Sandlas Introduces Her Fiancé During Delhi Concert, Shows Off Her Engagement Ring | See Viral VideoChina’s temporary export ban on helium| Explained“He was punching me”: Ria Jalesa accuses Beyoncé’s nephew Julez Smith of hotel assault, says she was left with bruisesHow a 20% ‘security fee’ could reshape the global oil trade – FirstpostWrong’un! India’s once-feared spin arsenal is running dry | Cricket NewsOTT Releases This Week: Maa Inti Bangaaram, Wuthering Heights, Ready Or Not 2, Raktanchal 3, Heartstopper Forever And More Movies And Web Series To WatchScience should reach society with integrity and transparency: Soumya SwaminathanPeterborough Council: UK: Peterborough council denies sale of Hindu temple to mosque is ‘unlawful’Oil jumps nearly 10%, posts biggest one-day gain since 2020 as Hormuz risks return – Firstpost‘We were talking at nets about…’: Shubman Gill opens up on 2027 World Cup planning with Virat Kohli | Cricket NewsMovies Releasing In Theatres This Week: The Odyssey, GDN, Hip Hip Hurray, Varavu And More Titles To WatchChina successfully tests sea-based rocket booster recovery system, says state mediaColombian man with Social Security Number, work authorization killed by ICE agents in Maine: ‘He was bleeding profusely from the head’After two failed attempts, can Modi-Carney reset deliver the $50 billion trade dream? – Firstpost‘God is a better writer’: Harmanpreet Kaur reflects on India’s historic Lord’s triumph | Cricket NewsDhamaal 4 Box Office Collection Day 3: Ajay Devgn Starrer Runs Riot On Sunday, Earns ₹65 Crore In 1st WeekendWhat is there in deep space ?Clavicular: Clavicular claims Israel Prime Minister Benjamin Netanyahu’s advisers suggested a gym livestream to reach younger votersMercedes-Benz says all BS VI petrol cars are fully compatible – FirstpostIndia’s 40-year-old unbeaten streak in England continues with historic win at Lord’s | Cricket NewsLenin Box Office Collection Day 3: Akhil Akkineni Starrer Concludes Opening Weekend At Promising Note, Surpasses ₹20 Crore MarkMilitary technology’s environmental impact: A bird’s nest made of fibre-optic cableQuote of the day by Justin Trudeau: ‘I don’t read the newspapers, I don’t watch the news. I figure, if something important happens, someone will tell me’ and his detachment from politicsGeopolitical turmoil prompts South Africa’s biggest strategic oil reserve push since the 1970s – Firstpost‘I wanted to get my name on the honours board’: Kranti Gaud after scripting Lord’s history | Cricket NewsImtiaz Ali’s Daughter Ida Ali Announces Engagement To Krish Agarwal, See Dreamy PhotosFading research hubs are stalling Kerala’s leap into the bio-economyQuote of the day by Dale Carnegie: “Don’t be afraid of enemies who attack you. Be afraid of…” – why honest criticism is more valuable than praise | World NewsSilver, Scotch and premium cars to become cheaper. What else changes for trade and tariffs? – Firstpost‘I would be very surprised’: Dinesh Karthik doubts Andy Flower will leave RCB for England Test coaching role | Cricket NewsJay Z’s New York Concert Delayed By Over 4 Hours After Alleged Security Breach Leads To LockdownU.S. regulator green-lights mission to launch giant mirror to orbitQuote of the day by Rishi Sunak: ‘The greatest sacrifice I have made is that I have been an appalling husband and father for the past couple of years’EU pushes biggest Russia sanctions expansion – FirstpostBig changes in Chess World Cup! FIDE approves new format for Open and Women’s events from 2027 | Chess NewsViral Video: Indian Fan Gets Matt Damon To Sign A Potato At The Odyssey Mumbai Premiere, Here’s WhyWhat a dolphin’s death in Kerala reveals about India’s marine plastic pollutionZombie filler: Dead people’s fat is the latest beauty trendWhat it means for the economy – Firstpost‘We will test them out’: Ben Duckett issues warning to Rohit Sharma, Virat Kohli ahead of ODI series | Cricket NewsRanveer Singh-Deepika Padukone To Welcome Second Child Around Diwali? 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Hong Kong’s insurance business may expand by a compounded 55 per cent over the next eight years, driven by the so-called silver economy serving senior citizens and growth in the Greater Bay Area, industry experts said on Tuesday.
Gross insurance premium in the city may jump to US$127 billion by 2032 from last year’s US$82 billion, said Steve Finch, Manulife Financial’s Asia president, citing industry forecasts.
That growth is enabled by the “depth and sophistication of Hong Kong’s insurance sector, making it a centre of excellence”, especially as integration between the city and the broader bay area continues to increase, Finch said during the 2025 China Conference organised by the Post.
The upbeat forecast underscores why Manulife (International), the Hong Kong and Macau pension unit of Canada’s largest insurer, is betting on Hong Kong as it prepares to redomicile from Bermuda in November. The Toronto-headquartered insurer already gets 44 per cent of its earnings from Asia, with the region’s contribution projected to reach 50 per cent by 2027.
Steve Finch, president and CEO of Manulife Asia, speaks at SCMP’s 2025 China Conference on July 8, 2025. Photo: Eugene Lee
Another reason for Manulife’s optimism is the bay area – a cluster of 11 cities around southern China’s Guangdong province, including Hong Kong and Macau, that has a combined economy of almost US$2 trillion. Only 3.5 per cent of the total population of 86 million people in the region has health and life insurance, much lower than the 18 per cent in Hong Kong, providing ample opportunity for growth, Finch said.
Insurers are already reporting robust sales in Hong Kong, with new life policies jumping 21.4 per cent last year to a record HK$219.8 billion (US$28.34 billion). One in four policies, or 28.6 per cent, was bought by mainland residents visiting the city, according to data from the Insurance Authority (IA).
Shares of South Korean memory chip giant SK Hynix came under selling pressure in the US, with its American Depositary Receipts (ADRs) plunging more than 9 per cent as investors…
India is turning to its vast overseas community to attract more foreign currency inflows as the country seeks to strengthen its foreign exchange reserves and manage pressure on the rupee,…
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