... increasing Open API application and the industry-wide recognition on the importance of Open API for system interface enhancement and data exchange, the IA has worked closely with market stakeholders to formulate the Framework with a view to providing guiding principles on Open API adoption, covering areas...
https://www.ia.org.hk/english/infocenter/press_releases/20230918.html -
Date: 2023-09-18
... required to prepare ORSA on a group-wide basis (“group ORSA”); Tier 2 refers to those insurance sub-group(s)2 within an insurance group, with the aggregate of insurance business carried on in or from Hong Kong by all authorized insurers within the sub-group, being significant to the Hong Kong insurance...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Draft_Guideline_on_Enterprise_Risk_Management.pdf -
Date: 2018-11-30
... insurance brokers (who represent clients). Broad agreement was expressed on the eight General Principles of conduct with complementary Standards and Practices, as well as the requirements on corporate governance, internal controls and procedures for insurance agencies and broker companies. The two codes...
https://www.ia.org.hk/english/infocenter/press_releases/20190903.html -
Date: 2019-09-03
... transactions with persons, including companies and financial institutions, from the above NCCTs. This is in addition to the requirements set out in the Guidance Note on Prevention of Money Laundering issued by the Insurance Authority. In view of the inadequate progress made by Nauru, the Philippines...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/circular270701.html -
Date: 2017-06-23
... Nations Security Council Committee has designated a new consolidated list of names under section 3 of the United Nations Sanctions (Afghanistan) Regulation ( " Regulation "). The list was gazetted and came into effect on 7 June 2002 in accordance with the Regulation. A copy of the Gazette Notice...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/circular190602.html -
Date: 2017-06-23
... formulated in consultation with the industry and the public. At the same time, we have refined six existing guidelines on the sale of long term policies. The volume of those regulatory instruments appears huge but the basic principle is simple. Let me now summarise some of the most important requirements and...
https://www.ia.org.hk/english/infocenter/files/VTC_Insurance_Summit_2019.pdf -
Date: 2021-12-09
... formulated in consultation with the industry and the public. At the same time, we have refined six existing guidelines on the sale of long term policies. The volume of those regulatory instruments appears huge but the basic principle is simple. Let me now summarise some of the most important requirements and...
https://www.ia.org.hk/english/infocenter/files/VTC_Insurance_Summit_2019.pdf -
Date: 2021-09-08
... formulated in consultation with the industry and the public. At the same time, we have refined six existing guidelines on the sale of long term policies. The volume of those regulatory instruments appears huge but the basic principle is simple. Let me now summarise some of the most important requirements and...
https://www.ia.org.hk/english/infocenter/files/VTC_Insurance_Summit_2019.pdf -
Date: 2020-06-12
...) Licence Granted by Financial Regulator(s) Supplemental Form on the licence “Yes” for any question on Character, Financial Status, Disciplinary Action & Investigation (Section VI) Relevant information on a separate sheet together with the relevant supporting documents. Supplemental Form on Criminal Offence...
https://www.ia.org.hk/english/infocenter/forms/files/Notes_on_Individual_Licence_Application_Apr2021.pdf -
Date: 2022-01-06
...) launched a six-week public consultation on the draft Insurance (Valuation and Capital) Rules (Cap.41R) and the draft Insurance (Submission of Statements, Reports and Information) Rules (Cap.41S) to tie in with the implementation of the Risk-based Capital (RBC) regime. The draft Insurance...
https://www.ia.org.hk/english/infocenter/press_releases/20231205.html -
Date: 2023-12-05