... and diverse - it covers 45 million square kilometres or 30% of total land area on this planet, and is the home to 4.5 billion people or roughly 60% of the global population. There are 48 nations with different cultural backgrounds, religious beliefs and states of development. As a local guy born and...

... Exciting business opportunities ahead for the insurance sector in Hong Kong 29 September 2021 Echoing observations made in the “Report on Hong Kong’s Business Environment: A Place with Unique Advantages and Unlimited Opportunities”, the Insurance...

... have significant implications on the financial statements of insurers prepared in accordance with Hong Kong Financial Reporting Standards. HKFRS 17 is available on the HKICPA website at http://app1.hkicpa.org.hk/hksaebk/HKSA_Members_Handbook_Master/updates/updat e211.pdf . The effective date of HKFRS...

... Nations (Anti-Terrorism Measures) (Amendment) Ordinance 2018 (“the Amendment Ordinance”) was enacted by the Legislative Council on 21 March 2018 and came into effect on 31 May 2018. The Amendment Ordinance can be found on the Government’s website (https://www.gld.gov.hk/egazette/pdf/20182213...

... insurance industry’s awareness and understanding of the statutory obligations on anti-money laundering and counter-terrorist financing (“AML/CTF”), the Insurance Authority will host two AML/CTF seminars on 22 and 29 November 2017. The objectives of the seminars are: a) to provide the participants with an...

... This is to enable the industry to familiarize itself with these proposals, to ensure that the future framework reflects the unique features of Hong Kong and is built on existing arrangements to ensure a healthy and thriving industry. We have provided a number of questions corresponding to our proposals...

... taken over the statutory functions of the Office of the Commissioner of Insurance (‘OCI’) to regulate insurance companies with effect from 26 June 2017. The OCI was disbanded on the same day. This Update serves to set out the textual updates to the Study Notes for the General Insurance Examination (2008...

..., as well as the rights and obligations associated with such products. This is the main objective of this Guideline. 1.3 The Guideline on Underwriting Class C Business (GL15), which applies to authorized insurers, already stipulates proper standards of conduct and business practices for authorized...

..., as well as the rights and obligations associated with such products. This is the main objective of this Guideline. 1.3 The Guideline on Underwriting Class C Business (GL15), which applies to authorized insurers, already stipulates proper standards of conduct and business practices for authorized...

..., as well as the rights and obligations associated with such products. This is the main objective of this Guideline. 1.3 The Guideline on Underwriting Class C Business (GL15), which applies to authorized insurers, already stipulates proper standards of conduct and business practices for authorized...