... launch of the Ethics Promotion Campaign for insurance intermediaries by the Independent Commission Against Corruption (ICAC) as set out in the Policy Agenda. Meanwhile, the IA is consulting the public on the codes and guidelines for the regulation of insurance intermediaries under the statutory licensing...

... to unleash synergies to exploit prospects arising from the BRI. The IA is also pursuing a proposal for Hong Kong insurers to set up service centres in the GBA to upgrade the customer experience in the region.  The IA’s other key initiatives of the year included developing a host...

..., attended by about 70 delegates affiliated with 14 member jurisdictions1. “Diversity is our strength as each member jurisdiction has its unique social demands and market landscape, yet we are exposed to the same set of emerging trends. Against the backdrop of a volatile macroeconomic...

... two initiatives above will contribute significantly towards achieving strategic goals set out in the Development Roadmap for the Insurance Sector in Hong Kong. Ends Notes: 1The Grant Scheme rolled out in May 2021 offers up to HK$12 million for each eligible issuance of...

... also establish principal points of contact to ensure the smooth operation of arrangements set out in the MoU. Furthermore, the two authorities agree to hold meetings at regular intervals to discuss current or evolving supervisory issues, and to hold ad hoc meetings to deal with specific supervisory...

... regulatory issues relating to conduct in the insurance market. This issue looks at the topic of complaints arising from the handling of premium by insurance agents, provides a broad overview of the IA’s approach to enforcement, and examines how the general principles of good conduct on which the new...

... QDAP Selection Made Easy QDAP Selection Made Easy allows you easily search for the current available QDAP options with applicable product features. Simply answer 5 questions, including current age, policy currency, premium payment period, annuity...

... adopted the Cooling-off Initiative promulgated by the Hong Kong Federation of Insurers, under which policyholders have the rights to cancel new life insurance policies within the Cooling-off Period and obtain a refund of the premium(s) paid. The Cooling-off Period will be 21 days after the delivery of the...

... conferences. Hong Kong’s position as a regional insurance hub is well accepted. Last month, the International Union of Marine Insurance set up a new Asian hub in Hong Kong. It is the first time in the Union’s 142 year history to establish a permanent presence outside of Europe. The Union’s choice of Hong Kong...

... conferences. Hong Kong’s position as a regional insurance hub is well accepted. Last month, the International Union of Marine Insurance set up a new Asian hub in Hong Kong. It is the first time in the Union’s 142 year history to establish a permanent presence outside of Europe. The Union’s choice of Hong Kong...