Pacific Century Insurance sceptical on unit-linked

The life insurer believes insurance companies should stick to protection business.

Pacific Century Insurance's deputy chairman and chief executive, Andrew Yang, believes insurance companies should concentrate on traditional protection products and not be involved in the unit-linked business. He discusses this and the Hong Kong insurance market.

What are Pacific Century's main products

Andrew Yang Pacific Century Insurance is a life company. We sell traditional life products, mainly whole life, endowments and term insurance. We also have some unit-linked products.

How do you view unit-linked products

I personally am not for this product. I believe that insurance companies should concentrate on the insurance business, which is selling guaranteed products, providing protection for our clients. Investment-linked products are investments which should be left to fund managers and...

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