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⏭... underwriting profit expanded from $199 million in 2018 to $823 million in 2019, offset in part by losses for direct Motor Vehicle business which widened from $441 million to $514 million and direct Employees’ Compensation business from $150 million to $260 million in the same period due to adverse claims...
https://www.ia.org.hk/english/infocenter/press_releases/20200930.html -
Date: 2020-09-30
... investments of Chinese enterprises. 2General business excluding health, mortgage guarantee, motor, employee compensation and owner’s corporation third party liability. ...
https://www.ia.org.hk/english/reinsurance_specialty/specialty_p_i_insurance/P_and_I_insurance.html -
Date: 2024-01-19
[PDF]
GL13.pdf
... Supervision……………………………………………………... 11 6. Commencement………………………………………………… 13 1 1. Preamble 1.1. The nature of the insurance business implies the formation of technical provisions, and investment in and the holding of assets to cover these technical provisions and a solvency margin. In order to ensure that an...
https://www.ia.org.hk/english/legislative_framework/files/GL13.pdf -
Date: 2020-09-24
... In order to conclude the investigation, the investigator will form a view as to whether, based on all the evidence gathered, the allegations are substantiated or not. If the investigator forms the view that the allegations are substantiated, the case will be passed to another team of officers in the...
https://www.ia.org.hk/english/enforcement/lii/files/Overview_of_Disciplinary_Process_en.pdf -
Date: 2019-10-15
... In order to conclude the investigation, the investigator will form a view as to whether, based on all the evidence gathered, the allegations are substantiated or not. If the investigator forms the view that the allegations are substantiated, the case will be passed to another team of officers in the...
https://www.ia.org.hk/english/enforcement/lii/files/Overview_of_Disciplinary_Process_en.pdf -
Date: 2019-10-15
... 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
... Intermediaries Attachment: Explanatory Note on Licensing Requirements for Banking Sector 30 September 2019 Employees' Compensation Insurance (Direct Business) Statistics for 2018 Motor Vehicle Insurance (Direct Business) Statistics for 2018...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/circulars_on_regulatory_matters_2019.html -
Date: 2019-11-29
... their finance and risk management needs, making the city more attractive and competitive,” he added. In order to attract a critical mass of market participants and remain competitive among our archrivals, the IA is pushing ahead with early introduction of profits tax concession for...
https://www.ia.org.hk/english/portal_for_insurers/brief/20201201.html -
Date: 2020-12-04