... The Government has set up a small preparatory team to provide support to the Authority for its establishment. To assist the Authority in overseeing various human resources, financial, administrative, external relations and auditing matters, three functional committees have been established, namely...

... The Government has set up a small preparatory team to provide support to the Authority for its establishment. To assist the Authority in overseeing various human resources, financial, administrative, external relations and auditing matters, three functional committees have been established, namely...

... The Government has set up a small preparatory team to provide support to the Authority for its establishment. To assist the Authority in overseeing various human resources, financial, administrative, external relations and auditing matters, three functional committees have been established, namely...

... Industry Advisory Committees The Insurance Authority ("IA") is required by law to set up two industry advisory committees (“IACs”) to advise it on matters in relation to long term business and general business respectively. Members...

... (Valuation and Capital) Rules set out the detailed capital adequacy requirements and prescribe the valuation of assets and liabilities of insurers under the RBC regime, whereas the draft Insurance (Submission of Statements, Reports and Information) Rules stipulate the types of returns, as well as frequency...

... Ordinance (Cap. 41) (“the Ordinance”) with reference to the requirements set out in the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP”) promulgated by the International Association of Insurance Supervisors. It sets out prudent practices pertinent to reinsurance management...

... appointment or two appointments for the purposes of the cap (which depends on whether the scope of the agent’s appointment is limited to one line of business or extended to both general business and long term business). The existing framework is currently set out in paragraphs 21-22 of the Code of Practice...

... Insurance Industry (“FTF”) has been set up to work hand in hand with the IA in exploring the future of the insurance industry. The FTF, chaired by Dr Moses Cheng, Chairman of the IA, comprises experts and professionals from the insurance industry and the academia.  Apart from...

... Note is to set out general guidance on the Insurance Authority’s expectations regarding the steps that a designated insurance holding company (“DIHC”) should take pursuant to particular provisions of the Insurance Ordinance (Cap. 41) and the Guideline on Group Supervision (GL32), in respect of “closely...

... compilation of statistics by the IA. To facilitate the submission process, the IA has developed a set of spreadsheet-based templates to assist insurers with the completion of returns and compliance with relevant requirements. The enhancements serve to streamline and standardize the information submitted by...