The Italian insurance firm has launched a new life company in Hong Kong combining all its products in one business, a move said to be driven by the new regulatory environment.
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Hamilton Yuen, MetLife's Hong Kong head of product development, gives insight into how the firm onboards funds for its investment-linked platform. It recently reviewed the list.
Hamilton Yuen, MetLife's HK head of product development, is upbeat about the prospects for unit-linked products, despite tighter rules around their sale and the arrival of mutual recognition.
The UK-based insurer says it remains committed to its two remaining markets of Hong Kong and China despite industry headwinds, saying it has switched its focus to affluent clients.
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Changes may be coming with regard to how the territory's regulators treat commission disclosure and investment-linked assurance schemes.
The UK insurer has added 59 funds to its investment-linked assurance schemes platform, including 19 Asia-focused products, and improved its online fund services offering.
