... Statements issued by the Financial Action Task Force (“FATF”) Our Ref: INS/TEC/6/45 17 March 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 8 November 2019...

... Statements issued by the Financial Action Task Force ("FATF”) Our Ref: INS/TEC/6/45 18 March 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 8 November 2019...

... Insurance Authority (“IA”) issued a circular on 21 February 2020 regarding Phase 1 of the temporary facilitative measures (“TFM”) to obviate the need to conduct face-to-face (“F2F”) meetings to minimize the risk of infection during the sales process of insurance policies. In view of the current pandemic...

... (ISSB) publication of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. These standards aim at becoming the global baseline for corporate disclosure of climate and sustainability-related information1. The Steering Group also welcomes the reliefs built...

... There are now 18 Hong Kong insurers1, which account for 84% of the motor insurance market share, providing URP products. Insurers have also been looking for ways to improve their application processes, including introduction of e-portals which provide the car owners with greater convenience...

... 1 Langkah yang ada dan yang direncanakan mengenai promosi kesetaraan ras. Otoritas Asuransi Fungsi utama dari Otoritas Asuransi ("IA") adalah untuk mengatur dan mengawasi industri asuransi untuk mempromosikan kestabilitasan umum industri asuransi dan melindungi pemegang polis yang ada dan calon...

... Insurance Authority introduces new initiatives to facilitate Insurtech in Hong Kong 29 September 2017 The Insurance Authority (IA) today (29 September 2017) launched two pilot initiatives, namely Insurtech1 Sandbox and Fast Track, to promote the...

... Self-Regulatory Organizations (SROs)1 and be responsible for all aspects of the regulation of insurance intermediaries in Hong Kong, including granting licences, conducting inspections and investigations, and imposing disciplinary sanctions where applicable. “This exercise is a monumental phase of...

... Insurance Authority starts direct regulation of insurance intermediaries 23 September 2019 Starting from today (23 September 2019), the Insurance Authority (IA) will take over from the three Self-Regulatory Organisations (SROs)1 the responsibility...

... The membership list of the DPP is available on the IA website. “In developing the disciplinary mechanism under the new direct regulatory regime for insurance intermediaries1, our aim has been to implement a process that is fair, efficient and robust,” said Mr Peter Gregoire, Head...