... Meeting of the Future Task Force Working Group on Promoting Positive Image of Insurance Industry “Building a Positive Image by Reinforcing Trust through Good Conduct and Ethical Practices” Virtual Meeting on 16 December 2020 Time Programme 3:00 pm Welcome remarks  Dr Moses Cheng, Chairman...

... I write to inform you of the imposition of counter-measures on Myanmar by the Financial Action Task Force ("FATF"). Myanmar was identified as a non-cooperative country or territory ("NCCT") in the fight against money laundering in June 2001. Since then, Myanmar has...

... establishment of a new statutory licensing regime for insurance intermediaries.  Upon the commencement of section 74 of the Amendment Ordinance, on a date to be published in Gazette, the Insurance Authority (“IA”) will take over the regulatory functions from the SROs to license and...

... appointed under the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (“the Guideline”) As you are aware, under paragraph 3.7 of the Guideline, the senior management of an authorized insurer carrying on long term business (“insurer”) should appoint a Compliance Officer (“CO”) at the...

... compilation of statistics by the IA. To facilitate the submission process, the IA has developed a set of spreadsheet-based templates to assist insurers with the completion of returns and compliance with relevant requirements. The enhancements serve to streamline and standardize the information submitted by...

... compilation of statistics by the IA. To facilitate the submission process, the IA has developed a set of spreadsheet-based templates to assist insurers with the completion of returns and compliance with relevant requirements. The enhancements serve to streamline and standardize the information submitted by...

... inspections to insurers as part of its supervisory role. Through these inspection visits, the IA acquires a better understanding of the latest developments of insurers’ business operations, thereby facilitating performance of its supervisory functions and communication with the industry. Such inspections...

... Insurance Authority and Gibraltar Financial Services Commission sign Fintech co-operation agreement 16 March 2018 The Insurance Authority (IA) announced today (16 March 2018) that it had entered into a co-operation agreement (Agreement) with the...

... for direct regulation of some 110,000 insurance intermediaries in Hong Kong. Dr Moses Cheng, Chairman of the IA, officiated with heads of the three SROs and other industry stakeholders at a handover ceremony to commemorate this milestone in the development for the insurance industry in Hong...

... increasing Open API application and the industry-wide recognition on the importance of Open API for system interface enhancement and data exchange, the IA has worked closely with market stakeholders to formulate the Framework with a view to providing guiding principles on Open API adoption, covering areas...