On September 26, 2024, Yu Fung Broker was honoured to attend the “Creating New Value in Insurance and Celebrating the 40th Anniversary Gala” hosted by Chow Tai Fook Life Insurance (CTF Life). During the gala, Yufung Broker, alongside eight other distinguished companies-including China Merchants Wing Lung Insurance Brokerage-was jointly awarded the title of “2024 Outstanding Strategic Partner.”
While most recipients were leading banks and securities firms, Yu Fung Broker stood out as a prominent representative from the insurance brokerage sector, sharing this prestigious recognition with top financial institutions.
The award was presented by Mr. Cheng Chi-ming, shareholder of CTF Life and Co-Chief Executive Officer of NWS Holdings Limited; Mr. Yip Man-kit, Chief Executive Officer of CTF Life; and Mr. Leung Tsz-lun, Chief Distribution Business Director of CTF Life. Ms. Doris Cheng, representing Yu Fung Broker, accepted the award on behalf of the company. This accolade reflects CTF Life’s strong endorsement of Yu Fung Broker’s professionalism and business excellence.
▲ From right to left: Mr. Cheng Chi-ming (Shareholder of CTF Life and Co-CEO of NWS Holdings), Doris Cheng of Yu Fung Broker, Mr. Yip Man-kit (CEO of CTF Life), and Mr. Leung Tsz-lun (Chief Distribution Business Director of CTF Life).
Looking ahead, Yu Fung Broker is committed to upholding its core values of professionalism and innovation. The company will continue to foster a close partnership with Chow Tai Fook Life Insurance, working collaboratively to create new value and drive growth within the insurance industry.
Context and Industry Standing
Chow Tai Fook Life Insurance, a wholly owned subsidiary of NWS Holdings Limited and a member of the Chow Tai Fook Group, is one of Hong Kong’s most established life insurers. Celebrating its 40th anniversary in 2024, CTF Life has demonstrated strong financial performance, with a solvency ratio well above regulatory requirements and a growing market share. The company has earned numerous industry awards recognizing product innovation, service excellence, and corporate social responsibility.
The strategic partnership awards reflect CTF Life’s commitment to building strong alliances with leading financial institutions and brokers to enhance customer value and expand market reach.
