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⏭... entities. In accordance with the laws relating to regulatory capital in jurisdiction a, the minimum capital requirement (“MCR”), prescribed capital requirement (“PCR”) and eligible capital resources of “Entity A” are not determined based on consolidating together the assets, liabilities and capital...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL32_Module_C_Interpretation_Notes.pdf -
Date: 2022-05-31
.../call-for-action-february-2020.html). 1 Definition of IIs should be construed in conjunction with the Guideline on Anti-Money Laundering and Counter- Terrorist Financing (“GL3”), i.e. authorized insurers and reinsurers carrying on long term business, and licensed individual insurance agents, licensed insurance agencies and licensed...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/FATF_Public_Statement_Circular_20211112.pdf -
Date: 2021-11-26
[PDF]
2021.EngNotes_.pdf
... “Authority”) not later than the date on which it is authorized; and annually upon the anniversary of such date (hereinafter referred to as “payment due date”). The Insurance (Authorization and Annual Fees) Regulation (Cap. 41C) (“the Regulation”) sets out the Fees. 2. With effect from 26 June 2017, the Fees...
https://www.ia.org.hk/english/aboutus/role/files/2021.EngNotes_.pdf -
Date: 2021-09-13
... by only 3.6%. Nonetheless, gross premiums of Pecuniary Loss business continued to surge by 83.4% on the back of demands arising from upward adjustment of maximum property values under the Mortgage Insurance Programme. General Liability business maintained a steady growth of 6.7%, comparing with 14.2...
https://www.ia.org.hk/english/infocenter/press_releases/20201130.html -
Date: 2021-09-03
... IA CPD Declaration Form April 2021 Page 1 of 6 INSURANCE AUTHORITY (IA) Continuing Professional Development (CPD) Declaration Form (specified under the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (GL24)) for the Combined CPD Assessment Periods of...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/cpd_declaration_form_eng.pdf -
Date: 2021-12-06
... IA CPD Declaration Form April 2021 Page 1 of 6 INSURANCE AUTHORITY (IA) Continuing Professional Development (CPD) Declaration Form (specified under the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (GL24)) for the Combined CPD Assessment Periods of...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/cpd_declaration_form_eng.pdf -
Date: 2021-05-06
... IA CPD Declaration Form April 2021 Page 1 of 6 INSURANCE AUTHORITY (IA) Continuing Professional Development (CPD) Declaration Form (specified under the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (GL24)) for the Combined CPD Assessment Periods of...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/cpd_declaration_form_eng.pdf -
Date: 2022-05-19
... non-guaranteed benefits can happen concurrently with a rise in borrowing cost, and the policy holder may face an even greater loss from this double whammy. Illustrative Example 2 below demonstrates the impact of non-guaranteed benefits on a premium financing arrangement....
https://www.ia.org.hk/english/premium_financing/pros_and_cons.html -
Date: 2024-01-18
... Pillar 1 – Quantitative Requirements Objective of QIS 1 5 • Engage in dialogue and work in collaboration with the industry through Industry Focus Groups on RBC development; • Collect data which are appropriate and necessary for further analysis by the IA; • Collect data on economic balance sheet basis...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_RBC_Regime_and_Insurtech.pdf -
Date: 2021-12-09