... and expect full compliance with effect from 1 April 2021. This is part of our continuous effort to provide regulatory relief for the industry amidst challenging circumstances, and should be able to provide a sufficient buffer for authorized insurers and licensed insurance intermediaries to update...

... 2 June 2020 Our ref: INS/TEC/6/20/5 By email only To: Chief Executives of all authorized insurers Dear Sirs, Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong We would like to enlist your support for and participation in an updated assessment on the proposed Policy...

... 2 June 2020 Our ref: INS/TEC/6/20/5 By email only To: Chief Executives of all authorized insurers Dear Sirs, Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong We would like to enlist your support for and participation in an updated assessment on the proposed Policy...

... undertaken by the IA that paved the way for smooth implementation of the direct regulatory regime for around 120,000 insurance intermediaries on 23 September 2019. “A robust regulatory regime will inspire public confidence and provide institutional support for the insurance market to grow and...

... a strong track record of insurtech research and development. The newcomer will focus on medical, term life and critical illness insurance products targeting youngsters and underserved market segments. Building on a clustering approach and support from strategic partners, it seeks to tailor...

... its active participation and support in both the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development. This will in turn serve to reinforce our role as an international financial centre. The Equivalence Assessment Framework Agreement on Solvency Regulatory...

... valid support of levy remittance is NOT consider as complete and will be rejected. Payment reference, for example cheque number, bank transfer reference number etc., must be reported in the return. The latest version of specification and examples for uploading remittance returns...

... First ORSA Reports Thank you for your support in the development of the Risk-based Capital (“RBC”) Regime. We received a total of 120 Own Risk and Solvency Assessment (“ORSA”) Reports prepared for the first time under the Guideline on Enterprise Risk Management (“GL21”). We would like to share with you...

... Kong 5 Authorization and On-going Regulatory Requirements • Long term commitment to the HK insurance industry • Meet all our basic authorization requirements and other on-going regulatory requirements applicable to GI insurers e.g. capital, staff expertise and resources, continuous financial support...

... regulatory functions from the Hong Kong Government’s Office of the Commissioner of Insurance. As the prudential and conduct regulator of insurers, the IA is operationally and financially independent from the Hong Kong SAR Government. The IA currently has a staff of over 220 and aims to achieve full strength...