... three years, with effect from 28 December 2018. “It has been my great privilege and honour to be tasked with leading a young and energetic regulator as its inaugural Chairman in the past three years,” Dr Cheng said. “In my next term, I shall continue to work closely with the...

... Third virtual insurer granted new authorization under Fast Track 15 April 2020 The Insurance Authority (IA) today (15 April 2020) granted authorization under Fast Track to the third virtual insurer, a technology start-up with proprietary systems...

... pandemic and their supervisory responses taken. In addition, Mr Clement Cheung, Chief Executive Officer of the IA, was re-elected as Chairman for a second term of two years until 2022. “It is my great honour and privilege to be re-elected to serve for another term of office. Apart from posing a major...

... ******************************************************** The Office of the Commissioner of Insurance, the China Insurance Regulatory Commission (CIRC) and the Monetary Authority of Macao (AMCM) signed a co-operation agreement today (December 18) in Macao to enhance their co-operation against insurance fraud. The co-operation agreement sets out a framework...

... performer has a margin of -57.1%. The median underwriting margin is -11.9% with the 1st quartile and the 3rd quartile being -29.7% and 0.1% respectively. We hope these key market indicators can help you better understand the overall performance and characteristics of the statutory classes of business. In...

... Rate All dollars expressed in this Report are Hong Kong dollars. Since 17 October 1983, the Hong Kong dollar has been linked to the US dollar, through an arrangement in the note-issue mechanism, at a fixed rate of HK$7.8 = US$1 2 Mission Statement OCI Annual Report 2015 3 Mission Statement Our missions...

... Rate All dollars expressed in this Report are Hong Kong dollars. Since 17 October 1983, the Hong Kong dollar has been linked to the US dollar, through an arrangement in the note-issue mechanism, at a fixed rate of HK$7.8 = US$1 2 Mission Statement OCI Annual Report 2015 3 Mission Statement Our missions...

... Rate All dollars expressed in this Report are Hong Kong dollars. Since 17 October 1983, the Hong Kong dollar has been linked to the US dollar, through an arrangement in the note-issue mechanism, at a fixed rate of HK$7.8 = US$1 2 Mission Statement OCI Annual Report 2015 3 Mission Statement Our missions...

... 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...

... 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...