... information on their records, particularly when the circumstances of the clients are known to have changed significantly. In any case, if it is more than a year when the procedures for needs analysis (and risk profile if applicable) were last conducted, they should be conducted again before any product...

... Chairman’s Message主席的話 年報 3Annual Report 2015-16 The Insurance Authority was established in December 2015, a big positive step in regulatory reform for the insurance industry of Hong Kong, catching up with the tremendous change of the world, and capturing on the opportunities it brings. Besides fulfilling...

... Chairman’s Message主席的話 年報 3Annual Report 2015-16 The Insurance Authority was established in December 2015, a big positive step in regulatory reform for the insurance industry of Hong Kong, catching up with the tremendous change of the world, and capturing on the opportunities it brings. Besides fulfilling...

... Chairman’s Message主席的話 年報 3Annual Report 2015-16 The Insurance Authority was established in December 2015, a big positive step in regulatory reform for the insurance industry of Hong Kong, catching up with the tremendous change of the world, and capturing on the opportunities it brings. Besides fulfilling...

... Insurance Authority extends the validity of temporary facilitative measures to 31 December 2020 4 September 2020 In view of the latest developments of the COVID-19 pandemic, the Insurance Authority (IA) today (4 September 2020) issued a circular to...

... Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and elevating the status of Hong Kong as an international financial centre. “The IA strives to promote connectivity in the GBA, a good example being coordination of the industry to introduce cross-boundary insurance products that facilitate northbound...

... Pass” Arrangement The fifth wave of community outbreak precipitated by the Omicron variant is raging in recent weeks, leading to a rapid surge of infected cases. To cope with this real and present threat, the Insurance Authority has introduced a “vaccine pass” arrangement on 16 February 2022 whereby...

... 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...

... adopted the Cooling-off Initiative promulgated by the Hong Kong Federation of Insurers, under which policyholders have the rights to cancel new life insurance policies within the Cooling-off Period and obtain a refund of the premium(s) paid. The Cooling-off Period will be 21 days after the delivery of the...