... Insurance Authority extends the validity of temporary facilitative measures to 31 December 2020 4 September 2020 In view of the latest developments of the COVID-19 pandemic, the Insurance Authority (IA) today (4 September 2020) issued a circular to...

..., the investigator will form a view as to whether, based on all the evidence gathered, the allegations are substantiated or not. If the investigator forms the view that the allegations are substantiated, the case will be passed to another team of officers in the IA (being IA staff who have had no...

...: promoting the application of Fintech in the insurance industry; reviewing the existing regulatory framework with the view to embracing technological advancement, and identifying its compatibility and effectiveness in the new environment; upgrading the skills and expertise of...

... Intermediaries1. A majority of respondents supported the proposal to enhance the minimum education requirements of licensed insurance intermediaries with a view to raising their quality of service and professionalism. In future, new licensees must attain a standard of Level 2 or above for five subjects...

... Insurance Authority extends the validity and coverage of temporary facilitative measures 27 March 2020 In view of the latest developments of the COVID-19 pandemic, the Insurance Authority (IA) today (27 March 2020) announced the second phase of...

... Temporary facilitative measures will cease after 30 April 2023 4 April 2023 In view of the latest epidemic development and the lifting of all mandatory mask-wearing requirements by the Government, the Insurance Authority (IA) today (4 April 2023...

... enforcement work. In addition, in view of the latest interest being generated by Chatbots powered by artificial intelligence, we offer our own thoughts on their deployment in the insurance sector and the regulatory requirements that might apply. Finally, as part of our ongoing supervision work, the...

... our observations on key areas in ORSA Reports prepared by insurers with a view to enhancing the quality of risk management and ORSA processes. We consider that insurers generally made a good advancement in implementing their risk management governance and ORSA processes. It is vital that insurers...

... have a broad and general understanding of the entire insurance broking industry, the IA may collect business information from licensed insurance broker companies by various ways, such as a survey. To view the key observations of the broker survey, please refer to Broker Survey and Statistics....