... proactive steps in strengthening collaboration with other jurisdictions in Fintech development. The agreement with DFSA signifies closer co-operation between the two authorities in fostering and creating business opportunities for Fintech firms on a global reach," said Mr John Leung, Chief Executive...

... Insurance Authority launches public consultation on the second batch of draft rules for the new capital regime 11 January 2024 The Insurance Authority (IA) today (11 January 2024) launched a public consultation on four draft rules to tie in with the...

... Class C (Linked Long Term) Product with Open Architecture (“OA ILAS Products”) /…… 31 August 2021 Our Ref: INS/TEC/6/96 By Email Only To: Chief Executives of authorized insurers carrying on long term business and responsible officers of licensed insurance broker companies and licensed insurance...

... Class C (Linked Long Term) Product with Open Architecture (“OA ILAS Products”) /…… 31 August 2021 Our Ref: INS/TEC/6/96 By Email Only To: Chief Executives of authorized insurers carrying on long term business and responsible officers of licensed insurance broker companies and licensed insurance...

... PIBA – GN 1 Professional Insurance Brokers Association GUIDANCE NOTE ON CONDUCTING INVESTMENT LINKED BUSINESS 1 JANUARY 2015 1 1. Introduction 1.1 On 30 July 2014, Office of the Commissioner of Insurance (“OCI”) issued Guidance Note on Underwriting Class C Business (GN 15) which sets out the...

... holders. “The RBC regime seeks to strengthen the financial soundness of insurers and put Hong Kong on a par with international standards, consolidating Hong Kong’s function as an international risk management centre,” an IA spokesperson said. “Adopting the RBC regime will...

... Meeting of the Working Group on Embracing Fintech in Hong Kong (27 Sep 2019) Programme rundown Download Presentation materials Topic: Compliance with Data Privacy in Digital World Speaker: Mr Tony Lam, Deputy...

... term business as defined in (i) and (ii) above respectively. 3. Application 3.1 In general, authorized insurers incorporated in Hong Kong are 4 required to comply with this Guideline except: (a) insurers authorized to carry on general insurance business which have ceased accepting new and renewal...

... term business as defined in (i) and (ii) above respectively. 3. Application 3.1 In general, authorized insurers incorporated in Hong Kong are 4 required to comply with this Guideline except: (a) insurers authorized to carry on general insurance business which have ceased accepting new and renewal...

... complaints regarding insurance related servicing by insurers or intermediaries, such as complaints related to the delivery of premium notice or annual statement, dissatisfaction with services standards etc. Update on Enforcement In our last issue of Conduct in Focus we announced the establishment of the IA’s...