... available within ten days1 of receiving a request. If that is not possible, the applicant will be so advised by an interim reply within ten days of receiving the request. The target response time will then be 21 days from receipt of the request (“respond period”). 1.16 If a request is to be refused, the...
https://www.ia.org.hk/english/access_info/files/Insurance_Authoritys_Code.pdf -
Date: 2018-08-08
... additional parameters should be issued for identifying transactions that needed to be reviewed for suspicious activities (surrenders of policies during the “free look” (i.e. cooling off) period; policy loans being taken within one year of policy issuance; surrenders within 90 days of policy issuance; and...
https://www.ia.org.hk/english/infocenter/press_releases/files/Statement_of_Disciplinary_Action_20220131.pdf -
Date: 2022-01-31
... insurer, the period covered and the class of business reported. · The fields in white color denote input fields for entering numeric data. These input fields are default to have a zero value · The fields in blue color denote protected fields with pre-defined formula for calculating the totals of data in...
https://www.ia.org.hk/english/infocenter/forms/files/userguide_v0.3.doc -
Date: 2019-04-24
... Timeline 15 201920182017 2020 2021 2022 + Final Standard Start of comparative period Effective date 1 January 2021 First compliant financial statements Target Effective Date ?QIS 1 QIS 2 Target on consultation on detailed rules IFRS 17 RBC Target on implementation of Pillar 2 requirements Draft guideline...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_RBC_Regime_and_Insurtech.pdf -
Date: 2021-12-09
... Timeline 15 201920182017 2020 2021 2022 + Final Standard Start of comparative period Effective date 1 January 2021 First compliant financial statements Target Effective Date ?QIS 1 QIS 2 Target on consultation on detailed rules IFRS 17 RBC Target on implementation of Pillar 2 requirements Draft guideline...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_RBC_Regime_and_Insurtech.pdf -
Date: 2021-09-08
... Timeline 15 201920182017 2020 2021 2022 + Final Standard Start of comparative period Effective date 1 January 2021 First compliant financial statements Target Effective Date ?QIS 1 QIS 2 Target on consultation on detailed rules IFRS 17 RBC Target on implementation of Pillar 2 requirements Draft guideline...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_RBC_Regime_and_Insurtech.pdf -
Date: 2020-06-12
... or expenses) into the respective classes of their “Hong Kong long term insurance business”. 7. The sum of “Amount of Fund(s) as at the End of the Period” of all classes of business in the form must equal to the sum of “Fund(s) (as per Balance Sheet” of all funds reported in Form HKL3. 8. An auditors...
https://www.ia.org.hk/english/infocenter/forms/files/formguide-hkl123-iia.pdf -
Date: 2019-04-24
... information and the climate disclosure requirements and is seeking feedback on these proposals over a consultation period closing on 29 July 2022. For details, please refer to ISSB’s announcement available at https://www.ifrs.org/news-and-events/news/2022/03/issb-delivers-...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_dd_11.04.2022.pdf -
Date: 2022-05-31
... information and the climate disclosure requirements and is seeking feedback on these proposals over a consultation period closing on 29 July 2022. For details, please refer to ISSB’s announcement available at https://www.ifrs.org/news-and-events/news/2022/03/issb-delivers-...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Cir_dd_11.04.2022_ISSB.pdf -
Date: 2022-05-31
... (Cap. 615) (“AMLO”)1, 2. The disciplinary action follows an investigation by the IA which discovered the following failures by the Companies, during the period from January 2015 to October 2017: The Companies failed to maintain effective procedures to determine...
https://www.ia.org.hk/english/infocenter/press_releases/20220131.html -
Date: 2022-01-31