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.
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.
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.