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⏭... Request for accounting concession • Levy on insurance premiums from policyholders from 1.1.2018 14 Levy rates 15 Phase 1 Phase 2 Phase 3 Phase 4 1.1. 2018 to 31.3.2019 1.4. 2019 to 31.3. 2020 1.4. 2020 to 31.3. 2021 From 1.4.2021 onwards Levy rate 0.04% 0.06% 0.085% 0.1% Levy cap Life insurance $40 $60...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_Roles_of_IA_New_regulation_landscape_for_insurance_cos.pdf -
Date: 2021-12-09
... Request for accounting concession • Levy on insurance premiums from policyholders from 1.1.2018 14 Levy rates 15 Phase 1 Phase 2 Phase 3 Phase 4 1.1. 2018 to 31.3.2019 1.4. 2019 to 31.3. 2020 1.4. 2020 to 31.3. 2021 From 1.4.2021 onwards Levy rate 0.04% 0.06% 0.085% 0.1% Levy cap Life insurance $40 $60...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_Roles_of_IA_New_regulation_landscape_for_insurance_cos.pdf -
Date: 2021-09-08
... deduction for their qualifying deferred annuity premiums up to a maximum limit of HK$60,000* per assessment year. For detailed arrangements, please refer to the dedicated webpage on Tax Deductions for QDAP and Tax Deductible MPF Voluntary Contributions and the Inland Revenue Department’s website....
https://www.ia.org.hk/english/qualifying_deferred_annuity_policy/index.html -
Date: 2024-01-19
... Request for accounting concession • Levy on insurance premiums from policyholders from 1.1.2018 14 Levy rates 15 Phase 1 Phase 2 Phase 3 Phase 4 1.1. 2018 to 31.3.2019 1.4. 2019 to 31.3. 2020 1.4. 2020 to 31.3. 2021 From 1.4.2021 onwards Levy rate 0.04% 0.06% 0.085% 0.1% Levy cap Life insurance $40 $60...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_Roles_of_IA_New_regulation_landscape_for_insurance_cos.pdf -
Date: 2020-06-12
[PDF]
Cir_dd_28.01.2022.pdf
... voluntary opt-in regime for platforms offering trading of securities-type VAs or tokens in December 2020, while the Government will introduce a bill on licensing of VASPs into the Legislative Council in 2022 after completed a public consultation2 in May 2021. Authorized insurers intending to engage in...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_dd_28.01.2022.pdf -
Date: 2022-05-31
..., gross and net premiums increased by 3% to $36 billion and 2.1% to $25.3 billion respectively in 2017 compared with 2016, mainly driven by Accident & Health business (comprising Medical business) which recorded a growth in gross premiums from $13 billion to $14.4 billion. The underwriting...
https://www.ia.org.hk/english/infocenter/press_releases/market_performance_of_hong_kong_insurance_industry_for_2017.html -
Date: 2018-03-12
... increased 36% to $3.8 billion and 42.5% to $2.5 billion respectively in the first quarter of 2018 compared with the corresponding period in 2017. However, the underwriting loss widened from $15 million to $333 million. A summary of provisional statistics of the Hong Kong insurance business for the...
https://www.ia.org.hk/english/infocenter/press_releases/market_performance_of_hong_kong_insurance_industry_for_the_first_quarter_of_2018.html -
Date: 2018-05-31
... premiums for new Individual Life business remained stable at $150.6 billion, including $133.2 billion from Individual Life (Non-Linked) business (decreased by 3.4%) and $17.4 billion from Linked business (increased by 36.7%). The total number of new policies was 1.3 million in 2018 (increased by 1.5...
https://www.ia.org.hk/english/infocenter/press_releases/20190930.html -
Date: 2019-09-30
..., which in turn is reflected in the selection of insurance products. Life insurance products with savings and investment elements are popular amongst Asians. Life insurance in-force business premiums in Hong Kong are derived mainly from protection type products with savings elements. The business mix in...
https://www.ia.org.hk/english/infocenter/files/Mortality_Protection_Gap_Report_eng.pdf -
Date: 2021-12-14
..., which in turn is reflected in the selection of insurance products. Life insurance products with savings and investment elements are popular amongst Asians. Life insurance in-force business premiums in Hong Kong are derived mainly from protection type products with savings elements. The business mix in...
https://www.ia.org.hk/english/infocenter/files/Mortality_Protection_Gap_Report_eng.pdf -
Date: 2022-05-24