... for Financial Services and the Treasury Mr James Lau, Your Grace the Archbishop Dr. Paul Kwong, distinguished guests, ladies and gentlemen, Good Evening! On behalf of the Insurance Authority (IA), I would like to extend to all of you my warmest welcome to our new offices. I’d like to thank the Chief...

... for Financial Services and the Treasury Mr James Lau, Your Grace the Archbishop Dr. Paul Kwong, distinguished guests, ladies and gentlemen, Good Evening! On behalf of the Insurance Authority (IA), I would like to extend to all of you my warmest welcome to our new offices. I’d like to thank the Chief...

... the basis that we may freely reproduce and publish them, in whole or in part, in any form, and use, adapt or develop any proposal put forward without seeking permission or providing acknowledgement of the party making the proposal. 6 Please note that the names of respondents, their affiliation(s) and...

... for direct regulation of some 110,000 insurance intermediaries in Hong Kong. Dr Moses Cheng, Chairman of the IA, officiated with heads of the three SROs and other industry stakeholders at a handover ceremony to commemorate this milestone in the development for the insurance industry in Hong...

... Pool (DPP) as part of its new disciplinary mechanism for licensed insurance intermediaries and authorized insurers. The IA is empowered under the Insurance Ordinance (Cap. 41) to take disciplinary actions against authorized insurers and licensed insurance intermediaries. The new DPP will...

... September 2023 - Typhoon Saola and a black rainstorm. According to the data collected from the insurance industry1, the total gross claims incurred reached $1.9 billion2. Property damage and motor businesses are the two most affected lines of business, representing 86% and 9% of the total gross...