...% of the insurance premium per policy year and increase gradually to 0.1%. The amount of the levy imposed on each policy will be subject to a cap. Except for certain policies2 exempt from the levy by law, policy holders of all new or in-force life insurance policies and general insurance...

... same period of 2017.  Revenue premiums of Individual Life and Annuity (Non-Linked) business increased by 8% to $99.8 billion while those of Individual Life and Annuity (Linked) business increased by 19.6% to $8.4 billion. Contributions of Retirement Scheme business increased by 2.4% to $7.3...

... Organizations 1 (“SROs”) on 23 September 2019 (“Commencement Date”), with the Insurance Companies (Amendment) Ordinance 2015 (Commencement) Notice 2019 to be gazetted in May 2019 to complete the prerequisite. The takeover will mark a major milestone and a reformatory change for the insurance industry as the IA...

... 56 insurers on the same day. The remaining insurers are expected to enter into similar agreement with the Government in the next few months when their 1 current reinsurance arrangements expire. This facility represents the joint efforts of the Government, employers and insurers to provide continuous...

... 56 insurers on the same day. The remaining insurers are expected to enter into similar agreement with the Government in the next few months when their 1 current reinsurance arrangements expire. This facility represents the joint efforts of the Government, employers and insurers to provide continuous...

... 56 insurers on the same day. The remaining insurers are expected to enter into similar agreement with the Government in the next few months when their 1 current reinsurance arrangements expire. This facility represents the joint efforts of the Government, employers and insurers to provide continuous...

... 56 insurers on the same day. The remaining insurers are expected to enter into similar agreement with the Government in the next few months when their 1 current reinsurance arrangements expire. This facility represents the joint efforts of the Government, employers and insurers to provide continuous...

... Insurance Authority introduces new initiatives to facilitate Insurtech in Hong Kong 29 September 2017 The Insurance Authority (IA) today (29 September 2017) launched two pilot initiatives, namely Insurtech1 Sandbox and Fast Track, to promote the...

...:___________________) ☐ No 2. † Has the Body Corporate ever been licensed by the Securities and Futures Commission (“SFC”)? ☐ Yes (If Yes, please provide your SFC licence no.:___________________) ☐ No 3. † Has the Body Corporate ever been registered with the Hong Kong Monetary Authority (“HKMA”)? ☐ Yes (If Yes, please...

... Overview of Disciplinary Process Insurance Authority October 2020 1 Introduction The principal function of the Insurance Authority (“IA”), as stipulated under the Insurance Ordinance (Cap. 41)1 (“IO”), is to regulate and supervise the insurance industry for the promotion of the general stability...