... areas of concern which we propose to address by providing further detail on the expectations with regards to compliance with the relevant regulatory standards in order to improve customer awareness, protection and outcome. The insurers and intermediaries inspected were generally able to comply with the...

... (Individuals) As you will be aware, save in exceptional cases, the licences granted by the Insurance Authority (“IA”) under the Insurance Ordinance (CAP. 41) to licensed insurance intermediaries are valid for 3 years and therefore have to be renewed every 3 years. In order to renew a licence, a licensed...

... the convergence of the financial services and the globalization of insurance business, it is essential for financial regulators to have enhanced cooperation and information sharing in order to improve their effectiveness in administering and enforcing the insurance laws of their respective...

... the convergence of the financial services and the globalization of insurance business, it is essential for financial regulators to have enhanced cooperation and information sharing in order to improve their effectiveness in administering and enforcing the insurance laws of their respective...

... the convergence of the financial services and the globalization of insurance business, it is essential for financial regulators to have enhanced cooperation and information sharing in order to improve their effectiveness in administering and enforcing the insurance laws of their respective...

... medical insurance business. GL31 provides guidance on the standards and practices which are expected to be met in order to ensure fair treatment of customers across all aspects of medical insurance business, including selling, handling claims, after-sales, and the handling of complaints. ...

... the convergence of the financial services and the globalization of insurance business, it is essential for financial regulators to have enhanced cooperation and information sharing in order to improve their effectiveness in administering and enforcing the insurance laws of their respective...

... Note: 1By an order of the High Court on 26 September 2022, the then Managers Mr Derek Lai and Mr Forrest Kam of Deloitte Touche Tohmatsu were appointed as the Joint and Several Liquidators of Target Insurance.     ...

... Note Internal Rate of Return (IRR) The result of QDAP available options is sorted in descending order determined by the primary parameter of the maximum percentage of guaranteed IRR is based upon information provided by the relevant insurers without independent...

... Insurtech Corner on the IA website. 2. Promoting exchange and maintaining close dialogue with the industry In order to enhance the communication with insurers and businesses involved in the development of Insurtech, the IA established the Insurtech Facilitation Team to help...