... in Hong Kong. The Insurtech Facilitation Team is tasked to facilitate the Fintech community’s understanding of the current insurance regulatory regime in Hong Kong and act as a platform for exchanging ideas of innovative Fintech initiatives among key stakeholders, and provide advice on...

... in Hong Kong. The Insurtech Facilitation Team is tasked to facilitate the Fintech community’s understanding of the current insurance regulatory regime in Hong Kong and act as a platform for exchanging ideas of innovative Fintech initiatives among key stakeholders, and provide advice on...

... 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...

... applying ARA (please put a “” in the respective box) ☐ Needs more time to develop/ amend and/ or test the system on calculation and collection of levy; ☐ Not proceed to develop/ amend system for the calculation and collection of levy for business reasons/ run-off business; ☐ Any other reasons, please state...

... and actuarial information submitted by insurers. The total gross premiums reached $489.2 billion in 2017, indicating a year-on-year increase of 8.3%. (Percentage changes in brackets in the following paragraphs represent changes over 2016) Long term business Total...

... and actuarial information submitted by insurers. The total gross premiums reached $514.5 billion in 2018, indicating a year-on-year increase of 5.2%. (Percentage changes in brackets in the following paragraphs represent changes over 2017) Long term business Total...

... 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...