... Hong Kong Federation of Insurers, The Hong Kong Confederation of Insurance Brokers and the Professional Insurance Brokers Association.  The Insurance Companies (Amendment) Ordinance 2015 (“Amendment Ordinance”), which was enacted on 10 July 2015, provides for, among other things, the...

... First ORSA Reports Thank you for your support in the development of the Risk-based Capital (“RBC”) Regime. We received a total of 120 Own Risk and Solvency Assessment (“ORSA”) Reports prepared for the first time under the Guideline on Enterprise Risk Management (“GL21”). We would like to share with you...

... effect no later than 1 January 2015. To ensure consistent practices adopted for needs analysis between ILAS and non-ILAS products, as well as to ease the administration burden of LIMs, the Financial Needs Analysis (“FNA”) in the Updated Requirements will now extend its application to the non-ILAS...

... Dedicated Regime for Captive Insurance Requirements on Captive Insurers To incentivize the establishment of captive insurers in Hong Kong, regulatory facilitations are offered to captive insurers including reduced minimum capital and solvency margin...

... Licensing Requirements for Employees of Authorized Insurers under Regulatory Regime for Insurance Intermediaries” in November 2018 and an “Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries” in October 2019, setting out its views on whether or...

... Licensing Requirements for Employees of Authorized Insurers under Regulatory Regime for Insurance Intermediaries” in November 2018 and an “Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries” in October 2019, setting out its views on whether or...

... Page 1 of 2 Practice Note supplementing Standard and Practice 7.1 of the Code of Conduct for Licensed Insurance Brokers in relation to Disclosure Requirements for Remuneration received by a Licensed Insurance Broker Company from an Insurer A. Introduction 1. Standard and Practice 7.1 of the Code...

... Page 1 of 2 Practice Note supplementing Standard and Practice 7.1 of the Code of Conduct for Licensed Insurance Brokers in relation to Disclosure Requirements for Remuneration received by a Licensed Insurance Broker Company from an Insurer A. Introduction 1. Standard and Practice 7.1 of the Code...

... Circular_Interpretation Notes 2 August 2021 Our Ref: MC/CPD/CIR By email only To: Chief Executives of all authorized insurers, Responsible Officers of all licensed insurance agencies and licensed insurance brokers companies Dear Sirs, Interpretation Notes relating to the Guideline on Continuing...