... actively engaged with representatives of the Hong Kong Federation of Insurers and the Actuarial Society of Hong Kong through Industry Focus Groups (IFGs) for Pillar 1 Life and General Insurance Businesses. The IFGs have discussed on technical issues and provided invaluable inputs in developing the relevant...

... (Winding Up and Miscellaneous Provisions) Ordinance (Cap.32), with Mr Derek Lai and Mr Forrest Kam of Deloitte Touche Tohmatsu appointed as Joint and Several Liquidators (Liquidators). Since the filing of a winding-up petition on 15 July 2022, the insolvency fund scheme of the Employees...

... 30 November 2018 Our Ref: MC/INT/5 To: Chief Executives of all authorized insurers Dear Sirs, Explanatory Note on Licensing Requirements for Employees of Authorized Insurers under Regulatory Regime for Insurance Intermediaries We are writing to inform you that an Explanatory Note on Licensing...

... 30 November 2018 Our Ref: MC/INT/5 To: Chief Executives of all authorized insurers Dear Sirs, Explanatory Note on Licensing Requirements for Employees of Authorized Insurers under Regulatory Regime for Insurance Intermediaries We are writing to inform you that an Explanatory Note on Licensing...

... Annual Compliance Certification Guideline on Anti-Money Laundering and Counter-Terrorist Financing (AML) published under S7 of the AMLO and S4A of ICOi (July 2012) (Applicable only to Member engaged in Long Term Insurance Business) This is to certify that: 1 A Compliance Officer (namely...

... Life Insurance Council of the Hong Kong Federation of Insurers updated their Requirements Relating to the Sales of Investment Linked Assurance Scheme (“HKFI ILAS Requirements”) which has now been fully implemented. This Guidance Note was revised on 8 April 2014, with effect from 1 June 2014 to align...

... this Guidance Note on Annual Certification for Adequate Professional Indemnity Insurance. Background CIB Membership Regulation 5.2 requires our Members to maintain Professional Indemnity Insurance (“PII”) with a minimum limit of indemnity determined with reference to their insurance brokerage income...

... Note on Product Recommendation for Long Term Insurance Business. This Guidance Note shall be read in conjunction with the Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business. Members are asked to develop appropriate policies and procedures for supervising the...

... Insurance Authority consults on the proposed Insurance (Special Purpose Business) Rules 4 September 2020 The Insurance Authority (“IA”) today (4 September 2020) launched a six-week public consultation on the draft Insurance (Special...

... strengthened our Insurtech Facilitation Team and the Working Group on Embracing Fintech under the IA’s Future Task Force to enhance the communication with the Fintech community and the industry and to serve as a platform for exchanging innovative ideas among key stakeholders. Dynamism The speed at which the IA...