... aware that insurance practitioners may use the word ‘risk’ with other meanings, including: 1 the property or person at risk that they are insuring or considering insuring; and 2 the peril (i.e. cause of loss) insured (so, some policies may insure on an ‘all risks’ basis, meaning that any loss due to any...

... 2018/2019 We write to inform you that on 8 January 2022 the Insurance Authority (“IA”) took disciplinary action against 91 licensed individual insurance agents for non-compliance with the Continuing Professional Development (“CPD”) requirements for the assessment period from 1 August 2018 to 31 July...

... Further, the FATF has serious concerns with the threat posed by the DPRK’s illicit activities related to the proliferation of weapons of mass destruction (“WMD”) and its financing. The FATF calls on its members and urges other jurisdictions to apply effective counter-measures and targeted financial...

... the minimum indemnity limit under professional indemnity insurance (PII) policy. Having carefully considered the feedback received, the IA decides to adopt most of the proposals with suitable modifications. To ease the financial impact on the small-sized insurance broker companies, the IA will extend...

... the Insurance Authority’s circular issued on 2 February 2018 which mentions, among other things, the issuance of early alerts on United Nations Security Council (“UNSC”) sanctions resolutions and sanctions lists, we are writing to draw your attention to another new arrangement by the Hong Kong...

... Cybersecurity GL21: Guideline on Enterprise Risk Management P&I Forum On 6 June 2019, the IA hosted the first P&I Forum in Hong Kong, with the aim to provide a platform for attendees to share: the regulatory environment for P&I Clubs...

... employers. As a result, direct insurers were financially unable to continue carrying on statutory employees’ compensation (“EC”) insurance business in Hong Kong due to the lack of reinsurance for terrorism. Having regard to the problem, the Government proposed to provide direct insurers with a facility up to...

... employers. As a result, direct insurers were financially unable to continue carrying on statutory employees’ compensation (“EC”) insurance business in Hong Kong due to the lack of reinsurance for terrorism. Having regard to the problem, the Government proposed to provide direct insurers with a facility up to...

... employers. As a result, direct insurers were financially unable to continue carrying on statutory employees’ compensation (“EC”) insurance business in Hong Kong due to the lack of reinsurance for terrorism. Having regard to the problem, the Government proposed to provide direct insurers with a facility up to...

... employers. As a result, direct insurers were financially unable to continue carrying on statutory employees’ compensation (“EC”) insurance business in Hong Kong due to the lack of reinsurance for terrorism. Having regard to the problem, the Government proposed to provide direct insurers with a facility up to...