... of Insurers, the Hong Kong Confederation of Insurance Brokers and the Professional Insurance Brokers Association. - 2 - • Complaint and disciplinary cases that are unresolved by the SROs before the Commencement Date will be handled by the IA but with reference to the relevant codes, guidance notes...

... investment elements, long-term contracts or complex structures, an insurance intermediary may need to conduct a financial needs analysis (FNA) before you take out a policy. Some insurers have already conducted FNAs and sale processes online with customers via video conference (i.e. virtual onboarding via...

... investment elements, long-term contracts or complex structures, an insurance intermediary may need to conduct a financial needs analysis (FNA) before you take out a policy. Some insurers have already conducted FNAs and sale processes online with customers via video conference (i.e. virtual onboarding via...

... insurance industry to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policy holders, and to contribute to global financial stability. Its membership covers insurance regulators and supervisors coming from over 210 jurisdictions that collectively accounts for...

... insurance business and to regulate the insurance industry in Hong Kong for protecting policy holders and potential policyholders and for promoting the stable development of the insurance industry. 4.4(e) 1.2 The entry of “Insurance Companies Ordinance (《保險公司條例》)” is replaced by the text below: Insurance...

... industry and for the protection of existing and potential policy holders. The Ordinance stipulates that the IA shall – be responsible for supervising an authorized insurer’s and a licensed insurance intermediary’s compliance with the provisions of the Ordinance...

... Insurance Authority introduces new initiatives to facilitate Insurtech in Hong Kong 29 September 2017 The Insurance Authority (IA) today (29 September 2017) launched two pilot initiatives, namely Insurtech1 Sandbox and Fast Track, to promote the...

... look beyond the strict interpretation of policy terms in making a ruling. In addition, as far as good insurance practice is concerned, the Complaints Panel relies heavily on the expected standards set out in The Code of Conduct for Insurers, with particular reference to “Part III: Claims”. Please also...

... that the Complaints Panel of the ICCB is empowered by the Articles of Association of the ICCB to look beyond the strict interpretation of policy terms in making a ruling. In addition, as far as good insurance practice is concerned, the Complaints Panel relies heavily on the expected standards set out...

... policy using premium financing. Your licensed insurance intermediary should fully explain to you the implications and associated risks involved in the use of premium financing to pay for the premium of a life insurance policy. If you do not understand any of the following paragraphs or the advice or...