... to briefly explain what ILAS is as a product type in general, without exploring any ILAS product options to the customer. IV. IMPLEMENTATION Q 10. Is there any transitional arrangement for FNA performed before the implementation date of 1 January 2016 but the policy concerned is not issued before...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_HKFI_FAQ_Initiative_on_FNA_v1_13_11_2015_20190823.pdf -
Date: 2019-12-20
...,000 20,000 25,000 30,000 35,000 40,000 45,000 2014 2015 2016 2017 2018 Direct Business Reinsurance Inward Business (HK$ mill ion) 43,641.5 45,983.1 45,534.6 48,257.0 53,100.8 56.4 62.6 58.3 64.7 62.4 17.5 16.8 18.4 19.2 17.9 15.8 16.8 17.6 18.7 18.0 89.7 96.2 94.3 102.5 98.3 0.0 20.0 40.0 60.0 80.0...
https://www.ia.org.hk/english/infocenter/statistics/files/Market_Overview_2018.pdf -
Date: 2019-11-04
... Outstanding Claims Provision Unearned Premiums Unexpired Risks Outstanding Claims Provision 農銀 ABCI 31-12-18 45 - 671 1,199 162 4,123 - - - - - - 50 - 911 3,637 - 9,500 美國安泰 Aetna 31-12-18 53,289 2,115 10,059 - - - - - - - - - - - - - - - 友邦(香港) AIA (HK) 31-12-18 26,217 - 11,227 - - - - - - - - - - - - 8,309...
https://www.ia.org.hk/english/infocenter/statistics/files/T_G22_2018.pdf -
Date: 2019-11-04
... cross-boundary passenger movements remain restricted, the new office premiums attributable to Mainland visitors in the second quarter of 2020 contracted by 84.5% to $839 million from $5.4 billion in the first quarter, leading to an overall drop of 76.3% for the first half of the year as a whole to $6.2 billion...
https://www.ia.org.hk/english/infocenter/press_releases/20200831.html -
Date: 2021-09-03
... imprisonment for 5 years on conviction on indictment, or a fine at level 6 (i.e. $100,000 at present) and to imprisonment for 6 months on summary conviction. 3 Pursuant to section 84(1) of the IO, at any time when the IA is contemplating exercising a power under section 81, it may, if it...
https://www.ia.org.hk/english/infocenter/press_releases/20230330.html -
Date: 2023-03-30
... There are now 18 Hong Kong insurers1, which account for 84% of the motor insurance market share, providing URP products. Insurers have also been looking for ways to improve their application processes, including introduction of e-portals which provide the car owners with greater convenience...
https://www.ia.org.hk/english/infocenter/speeches_articles/20231221.html -
Date: 2023-12-21
...: Bloomberg; CEIC Market Dynamics : Local 4 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 10,000 20,000 30,000 40,000 50,000 60,000 New Business Derived from Mainland China Visitors MCV new business premium, HKD million Total New business premium, HKD million % Source: Insurance Authority 5 Thematic Sitelet...
https://www.ia.org.hk/english/infocenter/files/FT_Asia_Insurance_Summit_2021.pdf -
Date: 2021-12-09
... outsourcing. Q7 In selling an insurance policy, if the insurance agent is authorized to issue the policy on behalf of the authorized insurer, would such activity be regarded as outsourcing? A7 Such activity is a type of ancillary services relating to the sale of insurance policies by an insurance agent and is...
https://www.ia.org.hk/english/legislative_framework/files/QAs_GL14_2020623.pdf -
Date: 2020-09-24
... appointed technical representatives (“TRs”). It is also noteworthy that over 80% of insurance agencies surveyed engage solely in general business. 2. In terms of the type of products being offered by the insurance agencies, motor vehicle insurance was the most popular product, which was offered by 82% of...
https://www.ia.org.hk/english/infocenter/statistics/files/AgencySurveyExternalReport.pdf -
Date: 2020-01-07
... appointed technical representatives (“TRs”). It is also noteworthy that over 80% of insurance agencies surveyed engage solely in general business. 2. In terms of the type of products being offered by the insurance agencies, motor vehicle insurance was the most popular product, which was offered by 82% of...
https://www.ia.org.hk/english/infocenter/statistics/files/AgencySurveyExternalReport.pdf -
Date: 2020-01-07