... which authorized insurers and licensed insurance intermediaries are expected to meet in order to ensure fair treatment of customers is applied across all aspects of medical insurance business. GL31 shall take effect from 23 September 2020. Should you have any queries in relation to the above, please...

... Ordinance (Cap. 622), or one formed and registered under the former Companies Ordinance, including a non-Hong Kong company to which Part 16 of the Companies Ordinance (Cap. 622) applies. Authorization requirements and procedures are set out in the Authorization Guideline (GL1) and Guideline on...

... business of an authorized insurer on a day-to-day basis in accordance with strategies, policies and procedures set by the insurer’s board of directors. (j) “service provider” means a provider of services engaged by an authorized insurer to provide services, whether that provider is located in or outside...

... business of an authorized insurer on a day-to-day basis in accordance with strategies, policies and procedures set by the insurer’s board of directors. (j) “service provider” means a provider of services engaged by an authorized insurer to provide services, whether that provider is located in or outside...

... business of an authorized insurer on a day-to-day basis in accordance with strategies, policies and procedures set by the insurer’s board of directors. (j) “service provider” means a provider of services engaged by an authorized insurer to provide services, whether that provider is located in or outside...

... This represents the minimum counterparty worthiness a rated insurer requires in order to purchase reinsurance coverage and therefore is considered an appropriate level at which the regulatory capital requirements are set. 4.4.4 VaR is a commonly used measure in financial services to assess the risk...

... Scheme) promulgated in the 2021-22 Budget. The Grant Scheme provides an incentive for insurance companies and organisations to issue insurance-linked securities (ILS) in Hong Kong, while efforts are being made in parallel to map out a new regulatory scheme for Special Purpose Insurers set up in...

...;. All fees and levies that the IA collects are set out in the IA website. If members of the public receive any suspicious payment requests claiming to be made by the IA, they should verify the documents by contacting the IA via its general enquiry hotline at 3899-9983 (select language, then...

... writing to inform you that a set of Frequently Asked Questions (“FAQs”) on the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules (“Rules”) has been issued today and is available on our website www.ia.org.hk. The FAQs aim to provide clarifications on the...

... capture business opportunities, and more importantly, extend the capacity of the insurance industry; thus enhancing its sustainable development.” The bill also seeks to expand the scope of insurable risks of captive insurers set up in Hong Kong, helping the industry capitalise on business...