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... the way in which insurance business is conducted. In this edition we present statistics on the complaints received by the IA for the full year 2021, recommend best practice principles for complaints handling by insurers, examine problems which can arise when material facts are not disclosed when...

... potential policyholders stood a 1 in 10 chance of dealing with an Individual Licensee who had failed in satisfying this most basic of requirements. In no way was this an acceptable state of affairs. Something needed to be done and since appointing principals bear a significant responsibility for...

... We also present the latest age statistics for individual licensed insurance intermediaries and pose the question of whether Hong Kong has a mature insurance market (in more than one way). Ends Note: 1  The first “CPD Non-Compliance League Table” was...

... appointment as a new Non-Executive Director (NED) of the IA and the seven incumbent NEDs on their reappointments: Mr Samuel Chan Ka-yan, Professor Chan Wai-sum, Ms Chitty Cheung Fung-ting, Mr Kenneth Kwok Tsun-wa, Mr Ma Ho-fai, Mr James Wong Chien-kuo and Mr Stephen Yiu Kin-wah. Established in...

... for Mainland insurers to issue catastrophe bonds in Hong Kong1,” said Dr Moses Cheng, Chairman of the IA. “The proposed legislative amendments will pave way for Hong Kong to become the preferred domicile for ILS, in particular catastrophe bonds. This will facilitate insurers to better...

... for Mainland insurers to issue catastrophe bonds in Hong Kong1,” said Dr Moses Cheng, Chairman of the IA. “The proposed legislative amendments will pave way for Hong Kong to become the preferred domicile for ILS, in particular catastrophe bonds. This will facilitate insurers to better...

... IRR is a way to calculate future cash flow, including the premiums paid over the full payment period and all annuity income, at an annualized rate. In general, a higher IRR means a better return. There are a variety of QDAPs available in the market. The returns are affected by many factors...