... majority of respondents agreed that disclosure is an appropriate mechanism to manage potential conflicts of interest. There were questions, however, on the amount of disclosure indicated under General Principle 7 and clarification was requested on the manner, type and level of disclosure required to be...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Consultation_Conclusions_Agents_Code_Eng.pdf -
Date: 2019-09-10
... members of its appointed agency force to perform this type of role in the claims handling process, it must provide its agents with adequate training and ongoing support (such as through claims clinics and claims hotlines). Unlike licensed insurance agents, licensed insurance brokers represent...
https://www.ia.org.hk/english/legislative_framework/Conduct_in_Focus_Issue_07_(Special_Supplement_02).html -
Date: 2023-05-12
... purpose and must be used for business introduced from this type of intermediary. For the avoidance of doubt, however, Member Companies must still follow the requirement under 7.8 of the GN15 during the underwriting process for business introduced by insurance brokers, and follow up with the insurance...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/4_HKFI_ILAS_Requirements_v4_8_12_2014_20190823.pdf -
Date: 2019-12-20
... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors: the type of treaties; the maximum retention of the insurer; the security of the reinsurers; and the spread of risks among participating reinsurers....
https://www.ia.org.hk/english/supervision/reg_insurers_lloyd/files/GL5.pdf -
Date: 2020-09-07
... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors: the type of treaties; the maximum retention of the insurer; the security of the reinsurers; and the spread of risks among participating reinsurers....
https://www.ia.org.hk/english/legislative_framework/files/GL5.pdf -
Date: 2020-09-24
... on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors: the type of treaties; the maximum retention of the insurer; the security of the reinsurers; and the spread of risks among participating reinsurers....
https://www.ia.org.hk/english/supervision/reg_insurers_lloyd/files/GL5.pdf -
Date: 2020-06-22