... Insurance Authority introduces new initiatives to facilitate Insurtech in Hong Kong 29 September 2017 The Insurance Authority (IA) today (29 September 2017) launched two pilot initiatives, namely Insurtech1 Sandbox and Fast Track, to promote the...

... Self-Regulatory Organizations (SROs)1 and be responsible for all aspects of the regulation of insurance intermediaries in Hong Kong, including granting licences, conducting inspections and investigations, and imposing disciplinary sanctions where applicable. “This exercise is a monumental phase of...

... Insurance Authority starts direct regulation of insurance intermediaries 23 September 2019 Starting from today (23 September 2019), the Insurance Authority (IA) will take over from the three Self-Regulatory Organisations (SROs)1 the responsibility...

... The membership list of the DPP is available on the IA website. “In developing the disciplinary mechanism under the new direct regulatory regime for insurance intermediaries1, our aim has been to implement a process that is fair, efficient and robust,” said Mr Peter Gregoire, Head...

... achievements made during the reporting period include taking over responsibility from the three former Self-Regulatory Organisations1 , engaging the industry in finalising the Risk-based Capital Regime, devising a group-wide supervisory framework, introducing measures to enhance competitiveness of Hong Kong as...

...) rolled out the Open Application Programming Interface (API) Framework (the Framework) and the Central Register for the insurance sector1, providing guidance and necessary facilitation to market participants for their journey of Open API implementation. In response to the global trend of...

... Destruction” 1 , which is available on the FATF’s website (http://www.fatf-gafi.org/publications/financingofproliferation/documents/guidan ce-counter-proliferation-financing.html). The paper provides guidance to facilitate both public and private sector stakeholders in understanding and implementing...

... 28 June 2019 Our Ref: MC/AS/19/03 To: Responsible Officers of Insurance Agencies engaging in general business Dear Sirs, Market Survey of Insurance Agencies Engaging in General Business The Insurance Authority (“IA”) is preparing for the direct regulation of Insurance Agencies1 commencing on 23...

... Council on 28 June 2017. Subject to the passage of the Bill by the Legislative Council, the Government proposes to implement the amendments on 1 March 2018. The Bill is available on the Government’s website (http://www.gld.gov.hk/egazette/pdf/20172125/es32017212522.pdf). The Bill aims to (1) apply...

... procedures for the Assessment Period 2021/2022, from 1 August 2021 to 31 July 2022. I. IMPORTANT DEADLINES By way of recap, the key deadlines for the Assessment Period 2021/2022 are: 31 July 2022 – Deadline for individual licensees [i.e. licensed individual insurance agents, technical representatives (agent...