... Companies Ordinance (ICO) (Chapter 41) and its Regulations, together with the Guidance Notes issued by the Insurance Authority (IA), prescribe a rule-based capital adequacy framework for insurers operating in Hong Kong. Capital adequacy is assessed on the basis of an insurer’s solvency margin, i.e. the...

... insured amount if a policyholder requests additional cover, depending on their personal needs and the value of the possessions. The definition of the items covered in home contents differs among insurers, depending on the terms and conditions of the individual policy. In general, animals and...

... Executive Officer of the IA. “Today we celebrate the launch of our Facebook Page on the first anniversary of the commencement of the IA’s regulation over the insurance industry. This initiative aims to provide current and potential policy holders with useful information and tips on taking out...

... 27 May 2020 Our Ref: INS/TEC/13/18 Sub-file I By email only To: Chief Executives of authorized insurers carrying on general insurance business Dear Sirs, Guideline on Actuarial Review of Insurance Liabilities in respect of Employees’ Compensation and Motor Insurance Businesses (GL9) Paragraph 6.1...

... 27 May 2020 Our Ref: INS/TEC/13/18 Sub-file I By email only To: Chief Executives of authorized insurers carrying on general insurance business Dear Sirs, Guideline on Actuarial Review of Insurance Liabilities in respect of Employees’ Compensation and Motor Insurance Businesses (GL9) Paragraph 6.1...

...;Climate change is an imminent and universal threat facing mankind. With the alarming surge in both frequency and intensity of extreme weather events, we must not underestimate the devastating impact they impose on our economy and community,” said Mr MM Lee, Acting Head of General Business of the IA....