... aims to promote prudent practice of the industry in underwriting EC insurance and to foster a higher professional standard in this type of business transaction. On the part of the insurance regulator, the Insurance Authority plays an active role in the following areas: (a) Transparency of EC Insurance...

... sum of HK$20,149.70. The agent admitted his wrongdoings during the IA’s investigation. This case demonstrates the level of trust that members of the public place in insurance intermediaries to help them arrange insurance and the reason why integrity and ethics are a...

...) reinsurance management framework of the insurer; (b) type of reinsurance arrangements; (c) maximum retention of the insurer; (d) spread of risks among reinsurers; and (e) security of reinsurers. 5.3 Authorized insurers should also consider conducting stress testing under different stressed scenarios regularly...

... may be found in the same type of figures in different statistical tables due to rounding off. A total of 109 insurers submitted their Hong Kong General Business Returns with annual accounting basis for 2019, which are covered in these statistics (see Appendix 1). Of these insurers, Lloyd's changed its...

... the person is carrying on a regulated activity, in the course of business or employment, or for reward unless the person holds an appropriate type of insurance intermediary licence or is exempt under the IO.  It is an offence for contravening section 64G of the IO.   Regulated...

... value at the time of death. Who should consider it? Young people wi th l imi ted financial means; individuals who have high protection needs for a period of time or who are looking solely for protection and have other financial plans Individuals in a strong financial s i t ua t i on w ho wa n t b o t h...

... the Commissioner of Insurance since 26 June 2017 to regulate the insurance industry in Hong Kong. In respect of insurance brokers, the IA is responsible for overseeing their compliance with the following requirements: a) the minimum requirements specified for the purpose of sections 69(2) and 70(2) of...

... to make bold, high-level comparisons regarding the returns offered under the insurance product being promoted as compared with other “investments” (such the I-Bond, bank deposit, car-parking spaces, or even the property market). Clearly designed to “hook” the attention, in isolation the contents of...

... to make bold, high-level comparisons regarding the returns offered under the insurance product being promoted as compared with other “investments” (such the I-Bond, bank deposit, car-parking spaces, or even the property market). Clearly designed to “hook” the attention, in isolation the contents of...