Jin Rong Shi Bao·2025-12-01 01:32Core Viewpoint - The insurance industry in Hong Kong has rapidly mobilized to support rescue and recovery efforts following a severe fire incident in Tai Po, demonstrating its role as an economic stabilizer and social safety net through emergency response measures and significant financial contributions [1][4]. Group 1: Emergency Response Actions - Multiple insurance companies, including China Life, China Pacific, and Taikang Insurance, activated emergency response plans immediately after the fire, establishing management teams and simplifying claims processes to ensure rapid support for affected clients [2][3]. - China Life's overseas branch initiated emergency claims services, proactively contacting policyholders to ensure timely assistance [2]. - China Taiping Insurance quickly identified affected clients and established a claims hotline, demonstrating a commitment to rapid response and support [3]. Group 2: Financial Contributions - Insurance institutions have collectively donated over 60 million HKD to aid in rescue efforts, with AIA Hong Kong contributing 20 million HKD for emergency assistance and community recovery [4][6]. - China Ping An announced a donation of 10 million HKD for emergency relief and recovery efforts, emphasizing its commitment to supporting affected communities [4][5]. - Taikang Insurance pledged 10 million RMB for urgent relief and community rebuilding, showcasing the industry's solidarity with the affected population [6]. Group 3: Reinsurance Support - Reinsurance companies, such as China Re, played a crucial role in stabilizing market confidence by providing essential support for local insurers in managing disaster-related claims [7][8]. - China Re activated its emergency response mechanism to assist direct insurers in assessing losses and expediting claims processes, reinforcing the insurance system's resilience [7]. - Qianhai Reinsurance established a dedicated task force to support claims services and ensure timely compensation for affected areas, enhancing the overall response capability of the insurance sector [8].