... September 2023 - Typhoon Saola and a black rainstorm. According to the data collected from the insurance industry1, the total gross claims incurred reached $1.9 billion2. Property damage and motor businesses are the two most affected lines of business, representing 86% and 9% of the total gross...
https://www.ia.org.hk/english/infocenter/press_releases/20231204.html -
Date: 2023-12-04
... Insurance Intermediaries Qualifying Examination Syllabus for Travel Insurance Agents Examination Candidates are recommended to study the 2014 Edition of the Study Notes for examinations to be held from 2 March 2015 onwards. Insurance Intermediaries Qualifying Examination Syllabus for Travel...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/syll-tia-2014.pdf -
Date: 2019-12-02
...; Episode 2: The Unveiling of Relationship Blind Spots Episode 3: The Strange Case of Premium Payments Episode 4: The Enigmas of Life Policy Replacement Comic Series: The Insurance Casebook of Detective Lun (Chinese only...
https://www.ia.org.hk/english/consumer/publicity_and_educational_materials.html -
Date: 2023-10-18
... "Fast Track" “Fast Track” 1 What “Fast Track” is about? A dedicated queue for new authorization applications Applicants owning and operating solely digital distribution channels 2 Who can apply? Innovative and robust business model using digital distribution Benefits to the consumers in product...
https://www.ia.org.hk/english/aboutus/task_force/activities_meetings/files/Fast_Track_L_170915.pdf -
Date: 2018-08-01
... practice, however, insurers are encouraged to conduct FNA even for those excluded products. II. Section 5 – Product Design Q 2. Section 5.3 requires insurers to monitor the products after launch to ensure that they continue to meet the needs of the target customers. Does this requirement apply to products...
https://www.ia.org.hk/english/legislative_framework/files/Q&A-gn16.pdf -
Date: 2020-09-24
... the person. 2. Pursuant to the new section 83 of the Ordinance, the IA must not exercise its power under section 81 to impose a pecuniary penalty unless it has published, in the Gazette and in any other manner it considers appropriate, guidelines to indicate the way in which it proposes to exercise...
https://www.ia.org.hk/english/infocenter/files/Consultation_Conclusions_on_Pecuniary_Penalty_GL_Eng.pdf -
Date: 2019-09-03
... the person. 2. Pursuant to the new section 83 of the Ordinance, the IA must not exercise its power under section 81 to impose a pecuniary penalty unless it has published, in the Gazette and in any other manner it considers appropriate, guidelines to indicate the way in which it proposes to exercise...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Consultation_Conclusions_on_Pecuniary_Penalty_GL_Eng.pdf -
Date: 2019-09-10
..., directly or indirectly, entitled to exercise or control the exercise of not less than 15% of the voting rights at general meetings of the company; or (iii) exercises ultimate control over the management of the company. 2 Form S6 II. Other Licence(s) Granted by Financial Regulators Please provide the...
https://www.ia.org.hk/english/infocenter/forms/files/Form_S6_Eng_June_2021.pdf -
Date: 2022-01-06
..., directly or indirectly, entitled to exercise or control the exercise of not less than 15% of the voting rights at general meetings of the company; or (iii) exercises ultimate control over the management of the company. 2 Form S6 II. Other Licence(s) Granted by Financial Regulators Please provide the...
https://www.ia.org.hk/english/infocenter/forms/files/Form_S6_Eng_June_2021.pdf -
Date: 2022-05-31
...) Ordinance (Cap.615) Commissioner of Customs and Excise Insurance Authority Monetary Authority and Securities and Futures Commission 30 April 2014 2 PURPOSES 1. This Memorandum of Understanding (“MoU”) sets out the framework agreed between the Commissioner of Customs and Excise, the Insurance Authority, the...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/mu20140430.pdf -
Date: 2020-09-28