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... industry. In developing the QIS 3 package, the IA has worked on the industry data collected from the Second Quantitative Impact Study (QIS 2), and engaged representatives of the Hong Kong Federation of Insurers and the Actuarial Society of Hong Kong for technical discussion, including the approach for...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/cir_20190809.pdf - Date: 2019-11-29
... Intermediary is a “fit and proper” person to carry on regulated activities in the line(s) of business as stated in Section II above.  We will comply with the Personal Data (Privacy) Ordinance (Cap. 486) and all relevant guidelines issued by the Office of the Privacy Commissioner for Personal Data, Hong Kong...
https://www.ia.org.hk/english/infocenter/forms/files/Form_N2_Eng_22Dec2020.pdf - Date: 2022-01-06
... Intermediary is a “fit and proper” person to carry on regulated activities in the line(s) of business as stated in Section II above.  We will comply with the Personal Data (Privacy) Ordinance (Cap. 486) and all relevant guidelines issued by the Office of the Privacy Commissioner for Personal Data, Hong Kong...
https://www.ia.org.hk/english/infocenter/forms/files/Form_N2_Eng_22Dec2020.pdf - Date: 2022-05-31
... financial centre,” an IA spokesperson said. “We are pleased that the Bill has gained staunch support by members of the Legislative Council, and will continue to work closely with the insurance industry to ensure a smooth transition to the RBC regime.” The IA will start the...
https://www.ia.org.hk/english/infocenter/press_releases/20230706.html - Date: 2023-07-06
... Life insurance is designed primarily to transfer the financial risk incurred by the death of insured persons. It minimises the impact of their death on their dependents, especially if the insured persons are the primary breadwinners in the family, by providing their dependents with a death benefit...
https://www.ia.org.hk/english/infocenter/files/Understanding_Life_Insurance_Eng.pdf - Date: 2022-05-24
... decrease in the IIQE seating capacity (including in-house capacity). In such circumstances, rollout of RIME will be announced via the VTC website with instructions on how to enroll for RIME and details on the examination process. If launched, whilst RIME would not be able to fully replace the drop in IIQE...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_IIQE_20201221.pdf - Date: 2020-12-21
...”) – For relevant premiums to qualify for tax deductions, a deferred annuity product must comply with the criteria set out in the guideline (including product design and information disclosure) issued by the Insurance Authority. More details can be found on page 7. Tax deductible MPF voluntary...
https://www.ia.org.hk/english/infocenter/files/Saving_for_retirement_EN.pdf - Date: 2021-12-14
...”) – For relevant premiums to qualify for tax deductions, a deferred annuity product must comply with the criteria set out in the guideline (including product design and information disclosure) issued by the Insurance Authority. More details can be found on page 7. Tax deductible MPF voluntary...
https://www.ia.org.hk/english/qualifying_deferred_annuity_policy/files/Saving_for_Retirement_Eng_Final.pdf - Date: 2020-06-23