FWD

FWD is a composite insurer headquartered in Quarry Bay, Hong Kong, established in 2013 — 13 years in the market. The company operates in Hong Kong across health, term-life, motor, and travel. We currently track 1 product from FWD on World Best Insurer.

We do not publish a claim settlement ratio for FWD yet. Our figure for this insurer has not been verified against the regulator's own filing, and we would rather show nothing than a number we cannot stand behind. The insurer's published annual report and its regulator's disclosures are the right primary sources until we have.

FWD is a full-line insurer covering every personal insurance category we track (health, term-life, motor, travel), with 1 product listed in our database for this country. That category breadth is wider than the typical insurer in the country (median of 2 lines per insurer), which usually reflects a bundling strategy — buy more than one line, get a multi-policy discount and one customer-service relationship to manage. Operating with a single flagship product (rather than a tiered portfolio) is unusual and often reflects either a focused strategy or a portfolio that we haven't yet fully indexed.

When evaluating FWD against other insurers in Hong Kong, the metrics that matter most depend on the policy you are buying. For term life, claim settlement ratio and financial strength carry the most weight — the policy is worth nothing if the claim is denied at maturity. For health, the network breadth, pre-existing waiting period, and the specific exclusions list matter more than the headline premium difference. For motor, the depreciation schedule and the cashless garage network determine the real economic value of a claim. For travel, the medical evacuation limit and the list of excluded adventure activities are the two clauses to read before buying. FWD's individual products are listed below — click into any plan to see our peer-aware analysis of where it sits within health.