... in-force business was $325.4 billion in the first three quarters of 2017, with a year-on-year increase of 11.6%. Revenue premiums of Individual Life and Annuity (Non-Linked) business increased by 13% to $280 billion, while those of Individual Life and Annuity (Linked) business increased by 12.2% to $23.4...
https://www.ia.org.hk/english/infocenter/press_releases/market_performance_of_Hong_Kong_insurance_industry_for_the_first_three_quarters_of_2017.html -
Date: 2021-09-03
... Counter-Terrorist Financing Ordinance (Cap.615) (“the AMLO”) The AMLO creates the statutory obligations in relation to customer due diligence and record-keeping on specified financial institutions, which include insurance institutions carrying on or advising on long term business, and designated...
https://www.ia.org.hk/english/supervision/antimoney_laundering/legislation.html -
Date: 2023-01-06
... Frequently Asked Questions in relation to Anti-Money Laundering and Counter-Terrorist Financing 15 April 2019 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Frequently Asked Questions in relation to Anti-Money Laundering and...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20190415.pdf -
Date: 2019-12-24
... products High competition for quality gig workers will give rise to new models of workers’ compensation insurance (e.g., short term disability insurance, medical care) Companies will focus on preventing losses Prevalence of IoT in the workplace will enable companies to better manage risk and prevent...
https://www.ia.org.hk/english/aboutus/task_force/activities_meetings/files/FTAHK.pdf -
Date: 2019-06-06
... GL3A GL3A GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF ANTI-MONEY LAUNDERING AND COUNTER- TERRORIST FINANCING (For authorized insurers, reinsurers, appointed insurance agents and authorized insurance brokers carrying on or advising on long term business) Insurance...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/GL3A_Appendix_A.pdf -
Date: 2019-02-01