... insurance industry’s awareness and understanding of the statutory obligations on anti-money laundering and counter-terrorist financing (“AML/CTF”), the Insurance Authority will host two AML/CTF seminars on 21 and 28 October 2019. The objectives of the seminars are: a) to provide the participants with an...

... required to earn 10 CPD hours every year. Any excess CPD hours accumulated within a particular year cannot be carried forward to any other years. 4. From 1 August 2008 onwards, travel insurance agents, their responsible officers and technical representatives are required to earn 3 CPD hours every year. Any...

... recorded a profit of $432 million (increased by 41.2%). On direct business, gross and net premiums reached $23.3 billion (increased by 11%) and $16.3 billion (increased by 10.2%) respectively. Premium growth was noted in multiple business lines. Accident and Health business (comprising Medical...

... Insurance Authority releases provisional statistics of Hong Kong insurance industry in 2020 12 March 2021 The Insurance Authority (IA) today (12 March 2021) released provisional statistics of the Hong Kong insurance industry for 2020, indicating a...

... insurance contract that a levy is payable by policy holders and the rates of such levy. The Insurance (Levy) Regulation sets out the manner in which payment of levies should be made. 2. The Insurance Authority (the “Authority”) collects the levy from policy holders via authorized insurers (the “insurers...

... you may be aware, the Financial Secretary has assigned two new tasks to the IA in his Budget speech delivered yesterday. First, to explore ways to enhance Hong Kong’s competitiveness as an insurance hub, including tax arrangements and other regulatory requirements. Second, to prepare a guideline to...

... you may be aware, the Financial Secretary has assigned two new tasks to the IA in his Budget speech delivered yesterday. First, to explore ways to enhance Hong Kong’s competitiveness as an insurance hub, including tax arrangements and other regulatory requirements. Second, to prepare a guideline to...

... you may be aware, the Financial Secretary has assigned two new tasks to the IA in his Budget speech delivered yesterday. First, to explore ways to enhance Hong Kong’s competitiveness as an insurance hub, including tax arrangements and other regulatory requirements. Second, to prepare a guideline to...

... functions under the relevant laws and regulations. When we collect personal data from individuals, we will provide them with a Personal Information Collection Statement (“PICS”) on or before the collection in an appropriate format and manner. The PICS will state (among other matters) the purpose...

... Microsoft Word - pr150302.doc HK, Singapore enter into MOU on insurance regulatory co-operation ******************************************************** Hong Kong and Singapore have entered into a Memorandum of Understanding of Mutual Assistance and the Exchange of Information on insurance matters...