... roll out further measures to facilitate individual licensees’ ability to comply with CPD requirements. Details of such measures are set out below. Merger of the 2019/2020 and 2020/2021 CPD Assessment Periods The IA has decided to merge the CPD assessment period for 23 September 2019 to 31 July 2020...

... Individual licensees must satisfy the CPD requirements set out in GL24: Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) in each Assessment Period. Please refer to the GL24 and its Interpretation Notes for details. For ease of reference, the CPD...

... 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...

... the top places in the world in terms of insurance penetration. Fifteen of the 20 largest insurers worldwide have set foot in Hong Kong, creating a lot of employment opportunities. The solid foundation of our insurance industry remains intact despite the impact of the global financial crisis, China-US...

... the top places in the world in terms of insurance penetration. Fifteen of the 20 largest insurers worldwide have set foot in Hong Kong, creating a lot of employment opportunities. The solid foundation of our insurance industry remains intact despite the impact of the global financial crisis, China-US...

... and Annual Fees for Designated Insurance Holding Companies) Regulation (Cap. 41N) The designation fee and an annual fee payable by a designated insurance holding company are set at a flat rate of 0.0026% of the group insurance liabilities of the DIHC, with a fee...

... corporates.” Teresa Ko, Vice Chair of the IFRS Foundation said: “Heartfelt congratulations to the ISSB on its inaugural set of two standards. It is an exciting and historic moment as we see the creation of a single set of investor-focused sustainability-related disclosures that could be...

... the top places in the world in terms of insurance penetration. Fifteen of the 20 largest insurers worldwide have set foot in Hong Kong, creating a lot of employment opportunities. The solid foundation of our insurance industry remains intact despite the impact of the global financial crisis, China-US...

... 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...