Jin Rong Shi Bao·2025-12-01 02:08Core 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 [1] Group 1: Emergency Response Actions - Multiple insurance companies, including China Life, China Ping An, and China Taiping, 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 and proactively contacted policyholders to ensure timely assistance [2] - China Taiping Insurance (Hong Kong) quickly identified affected clients and coordinated with them to assess needs and provide 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] - China Ping An announced a donation of 10 million HKD for emergency relief and recovery efforts, emphasizing its commitment to supporting affected communities [4] - China Taiping and Sunshine Insurance also pledged 10 million HKD each to assist in recovery efforts, showcasing the industry's solidarity with the affected population [5][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] - China Re activated its emergency response mechanism to assist direct insurers in assessing losses and facilitating claims processes [7] - Qianhai Reinsurance established a dedicated task force to support claims services and ensure timely compensation for affected parties [8]