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⏭... include: private or public reprimand; pecuniary penalty not exceeding the greater of HK$10 million or 3 times the profit gained or loss avoided as a result of the contravention; suspension of licence; revocation of licence; prohibition of...
https://www.ia.org.hk/english/enforcement/lii/iis.html -
Date: 2021-09-13
... extreme weather events this time may surpass the $3 billion paid out after Typhoon Mangkhut in 2018. The Insurance Authority (IA) is closely monitoring the situation and will collect industry data for further analysis. We recognise the need for urgent relief among the general public and...
https://www.ia.org.hk/english/infocenter/speeches_articles/20230917.html -
Date: 2023-09-18
... eminent - 3 - leadership, will continue to join hands with the IA and make a significant contribution to enhancing the policy holders’ protection framework. Thank you and have a great evening. ...
https://www.ia.org.hk/english/infocenter/files/Speech_for_ICB_Inauguration_Ceremony.pdf -
Date: 2020-06-12
... Insurance Policy i. Entire Contract Provision ii. Incontestability Provision iii Grace Period iv. Beneficiary Designation v. Nonforfeiture Benefits vi. Policy Loan vii. Reinstatement viii. Misstatement of Age or Sex ix. Assignment P 3 of 4 x. Dividend Options xi. Settlement Options xii. Suicide Exclusion V....
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/LT_syl_eng_2019_file4.pdf -
Date: 2019-12-02
[PDF]
cir_aml_20170615.pdf
... INSURANCE” AND NOT TO [aml_tec-6-45_CE_20170615/ah] To : Chief Executives of all authorized insurers Dear Sirs, United Nations Sanctions ( We are writing to inform you that persons and entities has been specified under section 3 Sanctions (Democratic People leg. AE) (“the Democratic People has been...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20170615.pdf -
Date: 2018-01-15
... appetite. 3 Effective date Given that the SFC has adopted a phased approach in their implementation timeline, Member Companies who sell ILAS products are required to implement these updated Requirements as soon as their revised existing ILAS material are vetted by the SFC and in any event no later than 24...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/2_HKFI_ILAS_Requirements_v2_1_2011_20190823.pdf -
Date: 2019-12-20
... ...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN3_GN_on_Proper_Delivery_of_LT_Policy_23_4_2007_eg19.pdf -
Date: 2019-12-20
... The Code-Eng ...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/7a_HKFI_CoP_for_Admin_of_Agents_7th_Edition_Eng_1_3_2010_20190823.pdf -
Date: 2019-12-20
...) decreased from 10% in 2017 to 2.3% last year. The drop was mainly driven by the slowdown in the life insurance markets in China and South Korea, which together made up 40% of the total regional premium pool. Quoting from Capgemini, wealth of high net worth individuals in the Asia-Pacific region decreased by...
https://www.ia.org.hk/english/infocenter/files/FT_Asia_Insurance_Summit_2019.pdf -
Date: 2021-12-09
...) decreased from 10% in 2017 to 2.3% last year. The drop was mainly driven by the slowdown in the life insurance markets in China and South Korea, which together made up 40% of the total regional premium pool. Quoting from Capgemini, wealth of high net worth individuals in the Asia-Pacific region decreased by...
https://www.ia.org.hk/english/infocenter/files/FT_Asia_Insurance_Summit_2019.pdf -
Date: 2021-09-08