... regulate and supervise the insurance industry. This includes regulating and supervising authorized insurers and licensed insurance intermediaries. The IA’s functions and powers are set out in the Insurance Ordinance. Complaints against authorized insurers If your complaint is against an authorized insurer...

... should arrange reinsurance protection appropriate to its overall risk profile, having regard to, amongst other things, the security of reinsurers, the need to avoid concentration of reinsurers, and the need to obtain collateral securities, if appropriate. 1.3. In the normal course of business, an insurer...

... practicable appoint an individual who complies with the requirements laid down in the Membership Regulations and shall within 30 days of such death, retirement, resignation or removal of a Chief Executive nominate an individual for registration as its Chief Executive accordingly.” CIB Membership Regulation...

... the Congo) Regulation 2017 We are writing to inform you of the following developments: (1) United Nations (Anti-Terrorism Measures) Ordinance An updated list of terrorists and terrorist associates designated by the United Nations Security Council Committee (“Committee”) has been specified under the...

... regulations for the benefits of Members. Definitions Insurance Brokers may receive referral business from a third party, namely “Referrer”. For sake of clarity and in the context of insurance broking business, “Referrers” mean: - those persons who are not registered as Chief Executive or Technical...

... Policyholder Corner -  Important lessons for prospective policyholders from Mainland China May 2023 The disciplinary actions which the IA takes serve to ensure that the standards, practices and requirements in the insurance regulatory...

...) 5 Regulatory Landscape • Upon the commencement of phase 2 (26 June 2017),  “Insurance Companies Ordinance” changed to “Insurance Ordinance”  The Insurance Authority (“IA”) (financially and operationally independent of the Government) officially took over supervision of authorized insurers 6...

...) 5 Regulatory Landscape • Upon the commencement of phase 2 (26 June 2017),  “Insurance Companies Ordinance” changed to “Insurance Ordinance”  The Insurance Authority (“IA”) (financially and operationally independent of the Government) officially took over supervision of authorized insurers 6...

... Regulation of Insurance Intermediaries Introduction With effect from 23 September 2019, the Insurance Authority (“IA”) is the sole regulator to license and supervise all insurance intermediaries in Hong Kong.  The IA is responsible for...