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⏭... premium through bespoke digital distribution channels without the involvement of intermediaries,” said Mr Clement Cheung, Chief Executive Officer of the IA. “Insurtech is beneficial to both the industry and consumers as it stimulates innovation, enhances value proposition, improves...
https://www.ia.org.hk/english/infocenter/press_releases/20181220.html -
Date: 2018-12-20
... tentatively. You can find a brief introduction of the iAM Smart and the Programme at Cyberport’s YouTube Channel https://youtu.be/cMRILBafn0U with both Chinese and English subtitles. Enrolment Should you be interested to participate in the Programme, please nominate a contact person of your organisation and...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/iAM_Smart_Pilot_Sandbox_Programme.pdf -
Date: 2020-12-21
... them to assess and to advise the client on his/her capability to commit to any new or additional long term insurance policy, i.e. on whether the client could afford to pay at the premium level for the full term - 3 - of a regular-premium policy to be recommended, or whether the client could afford to...
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
... policy, i.e. on whether the clients could afford to pay at the premium level for the full term of a regular-premium policy to be recommended, or whether the clients could afford to set aside a lump sum of liquid assets for the specified term of a single-premium policy. Special attention should be given...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/4_CIB_GN4_on_Cond_KYC_Proced_for_LT_Ins_Busi_v4_13_10_2015_eg19.pdf -
Date: 2019-12-20
... Supervised Groups under the Group-wide Supervision Regime Attachment: Note on the Treatment of “Closely Linked” Entities 30 September 2021 Joint Inspection on the Use of Premium Financing to Take Out Long Term Insurance Policies in...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/circulars_on_regulatory_matters_2021.html -
Date: 2021-12-10
... visitors were critical illness, whole life and medical policies, representing 58%, 33% and 3% of new policies taken out by them respectively. On method of premium payment, about 99% of new policies taken out by Mainland visitors were settled at regular intervals, i.e. non-single premium...
https://www.ia.org.hk/english/infocenter/press_releases/20191129.html -
Date: 2021-09-03
... protective in nature, such as critical illness, medical, whole life, term life and annuity products. In terms of premium payment pattern, about 99% of the policies were paid at regular intervals, i.e. non-single premiums. General business In 2018, the gross and net premiums of...
https://www.ia.org.hk/english/infocenter/press_releases/20190315.html -
Date: 2019-03-15
... of 8.0% to HK$59,869 million in 2020. Overall underwriting profit reached HK$2,336 million, up from HK$869 million in 2019. The market was able to achieve premium growth during this difficult time due to positive contributions from Property Damage, General Liability and Pecuniary Loss business. Rates...
https://www.ia.org.hk/english/infocenter/statistics/files/GB_Market_Overview_Eng_FINAL.pdf -
Date: 2021-10-07
... vehicle2 and share third-party liability compensation exceeding RMB 200,0003. Choosing the suitable insurance product There are different levels of sum insured and premium among the various Commercial Motor Insurance products in the market. The liability limits for “Commercial...
https://www.ia.org.hk/english/infocenter/speeches_articles/20231221.html -
Date: 2023-12-21