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...