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⏭... Visitors Annual nominal growth rate (RHS) (Include Mainland China Visitors) Annual nominal growth rate (RHS) (Exclude Mainland China Visitors) Include Mainland China Visitors: CAGR = 9.6% (6.2% in real term) Exclude Mainland China Visitors: CAGR = 6.3% (3.0% in real term) Market Overview Long Term Business...
https://www.ia.org.hk/english/infocenter/files/VTC_Insurance_Summit_Mr_Clement_Cheung.pdf -
Date: 2020-06-12
... appointment as a new Non-Executive Director (NED) of the IA and the seven incumbent NEDs on their reappointments: Mr Samuel Chan Ka-yan, Professor Chan Wai-sum, Ms Chitty Cheung Fung-ting, Mr Kenneth Kwok Tsun-wa, Mr Ma Ho-fai, Mr James Wong Chien-kuo and Mr Stephen Yiu Kin-wah. Established in...
https://www.ia.org.hk/english/infocenter/press_releases/20181221.html -
Date: 2018-12-21
[PDF]
GL16.pdf
... the Appointed Actuary………………………..……………… 2 5. Product Design..………………………………………….. 3 6. Provision of Adequate and Clear Information…………… 4 7. Suitability Assessment…………………………………… 6 8. Advice to Customers……………………………………... 8 9. Appropriate Remuneration Structure…………………….. 8 10. Ongoing Monitoring...
https://www.ia.org.hk/english/legislative_framework/files/GL16.pdf -
Date: 2020-09-24
[PDF]
GL15.pdf
... Ordinance. 5. Product Design 5.1 ICP 19.2.4 stipulates that insurers should develop and market products with due regard to the interests of customers. During the product design stage, an authorized insurer should carry out a diligent review to ensure that the product meets the “fair treatment of customers...
https://www.ia.org.hk/english/legislative_framework/files/GL15.pdf -
Date: 2020-09-24
[HTML]
Insurance Authority bans Ma Chun Kei for 4.5 years for fabricating a certificate of insurance
... 2022, Mr Ma assisted a client to purchase professional liability and employees’ compensation insurance covering the client’s role as a contractor on an interior renovation project for a period of 4 months commencing 13 January 2022. Mr Ma obtained a quotation from an insurer for the...
https://www.ia.org.hk/english/infocenter/press_releases/20240111.html -
Date: 2024-01-11
... this Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business (Including Linked Long Term Insurance). Background CIB Membership Regulation 14.7.2 requires our Members and their Chief Executive and Technical Representatives to use a suitable confidential questionnaire...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/2_CIB_GN4_on_Cond_KYC_Incl_LLT_Ins_v2_8_4_2014_eg19.pdf -
Date: 2019-12-20
[PDF]
Q&A-gn16.pdf
... practice, however, insurers are encouraged to conduct FNA even for those excluded products. II. Section 5 – Product Design Q 2. Section 5.3 requires insurers to monitor the products after launch to ensure that they continue to meet the needs of the target customers. Does this requirement apply to products...
https://www.ia.org.hk/english/legislative_framework/files/Q&A-gn16.pdf -
Date: 2020-09-24