... Actuary profession is held in high esteem and a magnet for bright minds. We know it too well because it has been a statutory requirement since 2001 for insurers carrying on long term business in Hong Kong to appoint a qualified actuary, whose main duty is to ensure compliance with codes, rules and...

... Actuary profession is held in high esteem and a magnet for bright minds. We know it too well because it has been a statutory requirement since 2001 for insurers carrying on long term business in Hong Kong to appoint a qualified actuary, whose main duty is to ensure compliance with codes, rules and...

... on  the offering of gifts when distributors promote a specific investment product to investors.    1.2.  Following  the  SFC Consultation Conclusions,  the  SFC  amended  its Code of Conduct  for  Persons Licensed by or Registered with the SFC (“SFC Code of Conduct”) to include, with  effect  from...

... Insurance Authority warns against a social media platform with unauthorized use of insurers’ logo 18 January 2022 The Insurance Authority (IA) today (18 January 2022) alerted the public to a Youtube channel called BITCentre (BITC), which uses the...

... Insurance Authority warns against a mobile application with unauthorized use of insurer’s logo 1 February 2019 The Insurance Authority (IA) today (1 February 2019) alerted the public to a mobile application called Planto, which uses the logo...

...), and all of them include liability to pay third party claimants’ costs and expenses, and costs and expenses incurred with the insurer’s written consent. In addition to the third party cover, property insurance on the insured’s vehicle is also available under the same policy. The three most well known...

... who used two different false academic certificates on two separate occasions to establish that she met the minimum education requirements to be an insurance agent under the previous self-regulatory regime. The case was handled in accordance with the requirements in place at the time the false academic...

... one of the top issues that needed to be tackled with. While there is no universal definition on what constitutes political risk, the usual coverage available in the market would include the following action or inaction by a government authority: Confiscation, Expropriation, Nationalisation and...

...”, i.e. focus on customers. Just to give a few examples on “customer centric”: Some insurers have introduced e-onboarding and e-Financial Needs Analysis (e-FNA) to speed up the underwriting process; some are employing chatbots with artificial intelligence to handle customers’ enquiries on insurance...

...”, i.e. focus on customers. Just to give a few examples on “customer centric”: Some insurers have introduced e-onboarding and e-Financial Needs Analysis (e-FNA) to speed up the underwriting process; some are employing chatbots with artificial intelligence to handle customers’ enquiries on insurance...