... Cheung Tak On Enforcement collaboration between IA and HKMA – Insurance Authority suspends Cheung Tak On for two months and orders a fine of $2,900 for misappropriating gift vouchers 22/12/2023 Tsang Kwong Chi Samuel...

... mobile phone loss or damage, but there is normally a restriction on this coverage. For example, some policies cover the repair cost for a damaged screen, but not the loss or theft of a mobile phone, so it depends on the terms of each specific travel insurance plan. Additionlly, insurers will...

..., update claimants from time to time on the status of their claims, and give sufficient explanation of the claims results to clear up any concerns that the policy holders may have. While natural disasters are mishaps, insurance coverage does play a role in mitigating losses incurred to those...

... and formulate measures to enhance financial stability. Panel discussion topics The four panel discussions in this year’s AIF cover topics on promoting the overall development of society, such as Diversity, Equity and Inclusion (DEI) and Environmental, Social and Governance...

... Regulatory Reminders Licensed insurance broker companies - Good practices on notifications in relation to changes in directors and controllers December 2023   Under section 64ZZD of the Insurance Ordinance, a licensed insurance broker company is...

... Dividend Distributions b Methods of Dividend Distributions c. Advantages of Participating Policies d. Transparency of Life Insurers with regard to Dividends H. Guideline on Underwriting Long Term Insurance Business (Other Than Class C Business) (GL16) I. Initiative on Financial Needs Analysis J. Important...

... The minimum and maximum guaranteed IRRs and total IRRs can be found in the product brochure of the policy in the form of an example. For a personalized IRR, please consult your insurer or intermediary. Q10 Are there any rules and regulations on the sale...

... (Partial Surrender) Benefit E. Surrender Value F. Death Benefit G. Return on Gross Premium H. Premium Application Method Two I. Basic Calculations of Regular Premium Policies J. Monthly Application of Regular Premium vii. Structures of Investment-linked Funds viii. Types of Investment-linked Funds A....

... difficulties and took a heavy toll on the financial services sector. Throughout the past 18 months, the insurance industry has displayed tremendous resilience in the face of prolonged social distancing and rising market volatilities. The formulation of appropriate risk management strategies and business...

... difficulties and took a heavy toll on the financial services sector. Throughout the past 18 months, the insurance industry has displayed tremendous resilience in the face of prolonged social distancing and rising market volatilities. The formulation of appropriate risk management strategies and business...