... terms that we must be ready to embrace innovations and technology in the financial sector. 3. Fintech is meaningful not because of the mere application of technologies. It is only meaningful when it adds value to clients in general. No matter what and how technology is used to deliver financial services...
https://www.ia.org.hk/english/infocenter/files/Section6.2_161118_HKSIBEF2016.pdf -
Date: 2020-06-12
..., irrespective of the legal position in the jurisdiction where such conduct took place. /… - 3 - Inclusion of a country, individual, entity or activity in a UNSC sanctions resolution or sanctions list may constitute grounds for knowledge or suspicion for the purposes of relevant money laundering and terrorist...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20180202_L.pdf -
Date: 2019-02-01
... broker company must maintain at all times increases from HK$100,000 to HK$300,000 (pursuant to rules 3 and 4(1) of the Broker Rules). To comply with these requirements from 1 January 2022, specified insurance broker companies (which have not already done so) must increase their paid-up share capital and...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_dd_23112021.pdf -
Date: 2021-12-10
... existing and potential policy holders Promote the competitiveness of the insurance industry in the global market Public education Sustainable market development of the insurance industry Insurance Authority Statutory Functions 2 Public Empowerment 3 To improve insurance literacy and educate the public on...
https://www.ia.org.hk/english/aboutus/task_force/activities_meetings/files/Future_Task_Force_5Nov2021.pdf -
Date: 2021-11-29
... existing and potential policy holders Promote the competitiveness of the insurance industry in the global market Public education Sustainable market development of the insurance industry Insurance Authority Statutory Functions 2 Public Empowerment 3 To improve insurance literacy and educate the public on...
https://www.ia.org.hk/english/aboutus/task_force/activities_meetings/files/Future_Task_Force_5Nov2021.pdf -
Date: 2021-11-29
... Replacement (GL27), Guideline on Benefit Illustrations for Long Term Insurance Policies (GL28), and Guideline on Financial Needs Analysis (GL30). 3 Effective period Unless otherwise varied by the IA, Phase 2 of the TFM will take immediate effect until 30 June 2020 (based on policy application date). In case...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_27032020.pdf -
Date: 2020-06-15
... Replacement (GL27), Guideline on Benefit Illustrations for Long Term Insurance Policies (GL28), and Guideline on Financial Needs Analysis (GL30). 3 Effective period Unless otherwise varied by the IA, Phase 2 of the TFM will take immediate effect until 30 June 2020 (based on policy application date). In case...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_27032020.pdf -
Date: 2020-12-21
... mankind has made has involved taking risk and insurance has provided the launchpad for that risk to be taken • Insurance is an enabler of progress 2 LIFE 3 Does the current image of the insurance industry reflect the importance of its role in society? 4 People and businesses must be able to source their...
https://www.ia.org.hk/english/aboutus/task_force/activities_meetings/files/Future_Task_Force_MC_16_Dec_2020.pdf -
Date: 2020-12-21
... the Pillar 1 (quantitative assessment) and Pillar 3 (disclosure) requirements and related matters under the Risk-based Capital regime and empowers the Insurance Authority (“IA”) to prescribe detailed requirements by way of subsidiary legislation. Among other things, it also adjusts...
https://www.ia.org.hk/english/legislative_framework/overview/latest_legislative_developments.html -
Date: 2023-11-01
... true copies of the receipts, so that you can make a second claim with the original receipts or the certified true copies. 3. Understand what “medically necessary” means Some people misunderstand what counts as “medically necessary”, believing that...
https://www.ia.org.hk/english/medical_insurance/tips_on_making_claims.html -
Date: 2024-01-18