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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
[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
... Version: September 2019 1 Form S3 Insurance Intermediary Licence Applicant/Licensee/ Related Person1 of Licence Applicant/Licensee Information on Criminal Record Please complete this Form if you have ever been convicted of a criminal offence or you are the subject of unresolved criminal charges....
https://www.ia.org.hk/english/infocenter/forms/files/FormS3SupplementalForm_InformationonCriminalRecord.pdf -
Date: 2019-09-22
... Asian Insurance Forum 2023 to put forward suggestions to enhance financial resilience 3 December 2023 The Asian Insurance Forum (AIF), the annual flagship event of the Insurance Authority (IA), will be held this coming Friday (8 December 2023...
https://www.ia.org.hk/english/infocenter/speeches_articles/20231203.html -
Date: 2023-12-03
... if applicable the risk profile, have been followed satisfactorily. 3. Usually insurance brokers should first know the clients, then source from the market and recommend the insurance products that suit the needs of clients, that Members should develop, design and use their own forms or instruments to...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/3_CIB_GN4_on_Cond_KYC_Incl_LLT_Ins_v3_18_12_2014_eg19.pdf -
Date: 2019-12-20
[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
[PDF]
3q17gen.pdf
... Net Claims Paid Net Claims Incurred Unexpired Risks Adjustment Management Expenses Underwriting Profit/(Loss) 12,438,354 9,665,954 8,511,600 1,667,606 1,031,622 7,277,111 5,820,573 5,982,651 2,843 1,265,313 229,171 4,739,816 4,008,222 3,603,153 1,513,413 1,289,338 2,437,495 1,965,363 2,299,324 6,989...
https://www.ia.org.hk/english/infocenter/statistics/files/3q17gen.pdf -
Date: 2018-03-15
[PDF]
GL15.pdf
... 5. Product Design..…………………………………….……. 3 6. Provision of Adequate and Clear Information……………. 4 7. Suitability Assessment…..………………………………... 5 8. Advice to Clients…………………………………………. 7 9. Appropriate Remuneration Structure………………….…. 7 10. Avoidance of Conflict of Interests………………….……. 8 11. Clients...
https://www.ia.org.hk/english/legislative_framework/files/GL15.pdf -
Date: 2020-09-24
... be earned 3.1.4.1. An E-learning Activity must last for no less than 30 minutes; it could be a 30-minute E-learning Activity or an E-learning Activity comprised of several modules (e.g. 2 modules of 15 minutes or 3 modules of 10 minutes, etc.). There is no specific limitation on the course design as...
https://www.ia.org.hk/english/legislative_framework/files/requirements_applicable_to_E-learning_Activities_eng.pdf -
Date: 2020-09-24