... Kong has flourished, it has driven the rapid development of Insurtech, leading the Hong Kong insurance industry into a new era of digitalisation, creating new opportunities for the industry and promoting the sustainable development of the insurance market. The Insurance Authority (IA) has...

... an insurance funding arrangement whereby the customer, borrows funds from the lender (usually a financial institution) to pay for the premiums of the life insurance policy and, in doing so, assigns all or part of his/her rights under the proposed policy to the lender. 2 The term “customer” in this...

...) denotes a captive insurer (R) denotes a pure reinsurer (F) denotes a virtual insurer authorized under the Fast Track ...

... to meet such obligations. The IA attaches great importance to the adequacy of such reserves of an authorized insurer when examining its solvency position under the Ordinance. 1.2. An actuarial review of these reserves will enhance the adequacy and reliability of such reserves, reflect a more accurate...

... Insurance Authority authorizes first non-life virtual insurer under Fast Track 8 October 2019 The Insurance Authority (IA) announced today (8 October 2019) that it has granted the first authorization of a non-life insurer owning and operating solely...

... arising from the Greater Bay Area (GBA) development and the Belt and Road Initiative, which will allow Hong Kong to play a larger role in promoting internal connectivity among the 11 cities in the GBA and external connectivity between Mainland China and rest of the world.” “Insurtech...

... Newsletter - Conduct in Focus   Conduct in Focus is a periodical publication which presents statistics and commentary on complaints received by the Insurance Authority and examines topical regulatory issues regarding the way in which insurance business is...