Industry participants are navigating the volatility control index under the city's loosening rules of IUL, while investors’ familiarity with the new insurance product’s mechanism remains to be addressed.
Six months after the Hong Kong authorities relaxed rules on indexed universal life (IUL), insurers are queuing up to launch new offerings, aiming to lure high-net-worth individuals to tap into these new insurance-wrapped products. SunLife first started, closely followed by HSBC Life , YF Life , FWD and Transamerica Life Bermuda. The new life product is bringing massive opportunities to the market, accompanied by some investors’ concerns about its mechanism, industry participants sai