Hong Kong, 18 April 2016 - The opening ceremony of Fubon Life Insurance (Hong Kong) Company Limited ("Fubon Life Hong Kong"), the wholly-owned subsidiary of Fubon Life Insurance Co., Ltd. ("Fubon Life"), is held today (18 April) at Hotel Conrad, Hong Kong. This indicates the footprint of Fubon Life in Hong Kong and its commitment for serving customers in Hong Kong with quality products and services.
In celebrating the successful entry of Fubon Life into the Hong Kong insurance market, the theme "Spring is here – thriving and prosperous" is chosen for the grand opening ceremony. Cheng Pen-Yuan, the Chairman of Fubon Life, Chen Shr-iue, Head of Bancassurance of Fubon Life and Chairman of Fubon Life Hong Kong, together with Jerry Chou, the CEO of Fubon Life Hong Kong presided over this vibrant grand opening ceremony. The opening ceremony symbolizes spring flowers in full bloom, and reflects the positive energy of Fubon Financial1 extending to Hong Kong and bringing our Hong Kong customers a vibrant and prosperous future.
Fubon Life is determined to become an Asia Regional insurance company, first by entering and establishing subsidiaries in the Vietnamese, Mainland Chinese and Korean markets, and this year coming to the Hong Kong market. Hong Kong is the economic and financial hub in Greater China area, the entry in Hong Kong market is an important step for moving forward and expanding the scope and business of Fubon Life and a milestone of Fubon Financial1 in providing more comprehensive insurance services to the people in Hong Kong.
Cheng Pen-Yuan, the Chairman of Fubon Life, indicated that the goal of the company is to become the leading life insurance company in Asia. Fubon Life Hong Kong's opening marks an important milestone in reaching the goal. Fubon Life will give its full support to its Hong Kong subsidiary. It is confident for successfully integrating the best practices of both Taiwan and Hong Kong regions to meet the needs in Hong Kong, while upholding the business philosophy of Fubon Financial1 - "integrity, sincerity, professionalism and innovation".
Though well-developed and highly competitive, the life insurance market in Hong Kong still has great potential for further growth. According to the Office of the Commissioner of Insurance, 2015 insurance premiums showed double-digit percentage growth comparing to the previous year2, indicating the potential growth in the life insurance market. Jerry Chou, CEO of Fubon Life Hong Kong, once noted that the insurance market in Hong Kong is governed by a well-developed regulatory system. Leveraging on the professionalism of the local team, Fubon Life Hong Kong will uphold the customer-first value and offer competitive insurance products to satisfy the needs of the local market letting customers to enjoy high protection and build the wealth. Fubon Life Hong Kong will strive to create values for its stakeholders and its partners and become the trustworthy insurance provider for people in Hong Kong.
Hong Kong Insurance Authority has granted authorization to Fubon Life Hong Kong for carrying on long term insurance business in Hong Kong. With comprehensive backend support, Fubon Life Hong Kong provides various life insurance services and products through bancassurance, strategic partnership and a diverse sales network. By means of enriching life with positive energy, extending hopes in making Hong Kong a better place, Hong Kong Fubon Life aims to assist Hong Kong people and the business partners lead a fuller life.
1. Fubon Financial Holdings ("Fubon Financial") is the first publicly listed financial holding company in Taiwan, where Fubon Life Insurance Co., Ltd. and Fubon Life Insurance (Hong Kong) Company Limited are the wholly-owned subsidiaries of Fubon Financial.
2. The Office of the Commissioner of Insurance of the Hong Kong Special Administrative Region: Press Release on Market Performance of the Hong Kong Insurance Industry in 2015. Issued on March 15, 2016.
About Fubon Life
Fubon Life Insurance Co., Ltd. ("Fubon Life") is the second largest life insurance company in Taiwan and an important subsidiary of Fubon Financial Holdings Co., Ltd. ("Fubon Financial"). Fubon Life offers a comprehensive range of financial insurance and services through its agency team, banks, and diversified sales channels. Fubon Life has won domestic and international professional awards for its excellence in investment performance and insurance product distributions. Please visit www.fubon.com/life for more information.
About Fubon Life Hong Kong
Fubon Life Insurance (Hong Kong) Company Limited ("Fubon Life Hong Kong"), incorporated in July 2015 in Hong Kong and operating under the "Fubon Life" brand, is a wholly owned subsidiary of Fubon Life Insurance Co., Ltd. Our motto is "Enriching life, Extending hope". Fubon Life Hong Kong provides comprehensive life insurance products through bancassurance, strategic partnership and a diverse sales network. Please visit www.fubonlife.com.hk for more information.