Generali’s HK launch seen as move to diversify from Ilas business

Italian insurer Generali’s launch of a new life company in Hong Kong is driven by a desire to diversify beyond investment-linked product business in light of more stringent rules, say local distributors. However, the firm still has a licence to develop investment-linked assurance schemes (Ilas) and intends to do so under the new unit, said a spokeswoman for Generali.  The insurance group has positioned the new unit, Generali Life Hong Kong, as a business combining its various pr…