... servicing of the insuring public and the employment of insurance staff; (h) the international business that the applicant proposes to carry on in or from Hong Kong would not be detrimental to Hong Kong as an insurance centre (for instance, it would not conflict with international agreements or protocol); (i...

... comprehensive assessment on an insurance broker for ascertaining its compliance with all the above requirements would be conducted in one onsite inspection. Under this approach, the IA will not only be able to have a better understanding of the corporate culture and internal controls of an insurance broker as a...

... handling by authorized insurers with the objective of ensuring policyholders are treated fairly and their interests are protected in the claims handling process. In this article we explain these regulatory principles and standards. Then in the next article, with a specific focus on medical insurance claims...

... opening an ISSB office in Beijing, China on 19 June 2023. The Steering Group looks forward to engaging with the ISSB in the sustainability reporting journey and collaborating on capacity building. The Steering Group will also maintain a close dialogue with market participants and stakeholders, with a view...

... Separate subsidiary legislation for the collection of a levy on premiums from policy holders with effect from 1 January 2018 has been submitted to the Legislative Council for vetting. Members of the public are welcome to visit the IA website, which will be launched on 26 June 2017, to learn more...

... Separate subsidiary legislation for the collection of a levy on premiums from policy holders with effect from 1 January 2018 has been submitted to the Legislative Council for vetting. Members of the public are welcome to visit the IA website, which will be launched on 26 June 2017, to learn more...

... Separate subsidiary legislation for the collection of a levy on premiums from policy holders with effect from 1 January 2018 has been submitted to the Legislative Council for vetting. Members of the public are welcome to visit the IA website, which will be launched on 26 June 2017, to learn more...

... process.  Furthermore, we are closely liaising with the Self-regulatory Organizations (“SROs”) on transitional arrangements to ensure smooth transfer of data and records.     Industry Consultation To ensure appropriateness of the rules, codes and...

... role.” “The decision by a prominent international body like the World Bank to partner with Hong Kong marks an important milestone in our journey of striving to become a vibrant ILS hub, while enhancing public awareness on how alternative risk transfer tools could supplement underwriting...

..., Hong Kong, Macao and Shenzhen. We shall continue to work closely with our Mainland counterparts to further explore opportunities for our insurance industry in the Mainland market. OCI Annual Report 2015 14 To enhance consumer protection, we issued the Guidance Note on Underwriting Long Term Insurance...