... class of insurance business it carries 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...
https://www.ia.org.hk/english/supervision/reg_insurers_lloyd/files/E-GN5.pdf -
Date: 2020-06-22
...% respectively. Apart from Pecuniary Loss and Miscellaneous business (including Ships, Goods in Transit, Aircraft and Treaty Reinsurance business), all other business lines delivered positive underwriting performances in 2018. 32,203.2 34,777.0 34,879.9 36,129.5 38,436.2 57.5 64.1 60.3 62.0 61.4 17.1 15.6 16.7...
https://www.ia.org.hk/english/infocenter/statistics/files/Market_Overview_2018.pdf -
Date: 2019-11-04
... egn2019232121 G.N. (E.) 21 of 2019 UNITED NATIONS (ANTI-TERRORISM MEASURES) ORDINANCE (Chapter 575) Updating of specification of names of persons designated as terrorists or terrorist associates by the Committees of the United Nations Security Council established pursuant to the Resolutions 1267 (1...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/egn2019232121.pdf -
Date: 2019-12-24
... egn2019232222 G.N. (E.) 22 of 2019 UNITED NATIONS (ANTI-TERRORISM MEASURES) ORDINANCE (Chapter 575) Updating of specification of names of persons designated as terrorists or terrorist associates by the Committees of the United Nations Security Council established pursuant to the Resolutions 1267 (1...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/egn2019232222.pdf -
Date: 2019-12-24
... script): عبد الرزاق آخوند ال ال آخوند Title: Mullah Designation: a) Minister of Interior Affairs under the Taliban regime b) Chief of Kabul Police under the Taliban regime DOB: Approximately 1958 POB: Spin Boldak District, Kandahar Province, Afghanistan, in the area bordering Chaman District, Quetta...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20180518.pdf -
Date: 2019-02-01
... The Insurance Companies (Margin of Solvency) Regulation elaborates on the calculation of solvency margin by class of business for long-term business. In summary, the solvency margin calculation is factor-based and is subject to dollar amount minimums, which vary by type of insurers. In general, the...
https://www.ia.org.hk/english/infocenter/files/rbc_consultation_paper.pdf -
Date: 2019-09-03
... insurance intermediary’s application to vary the type of regulated activity as specified in the licence of the SFC-licensed corporation; (iii) an authorized insurer or a licensed insurance intermediary’s application for approval to be a substantial 9 shareholder of an SFC-licensed corporation; and (iv) an...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/MOU_between_SFC_and_IA_final_28Sep2020.pdf -
Date: 2020-09-28
..., for failing to comply with this fundamental requirement. Since these were transitional cases, in taking disciplinary action the IA was required to apply the rules of the self-regulatory body which applied at the time. Going forward, however, this type of contravention can be prosecuted as an offence...
https://www.ia.org.hk/english/infocenter/files/ENG_CIF_3.pdf -
Date: 2021-12-14
... insurance intermediary’s application to vary the type of regulated activity as specified in the licence of the SFC-licensed corporation; (iii) an authorized insurer or a licensed insurance intermediary’s application for approval to be a substantial 9 shareholder of an SFC-licensed corporation; and (iv) an...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/MOU_between_SFC_and_IA_final_28Sep2020.pdf -
Date: 2021-11-01
... able to purchase it: (i) state the objective(s) of the policy; (ii) state the type and nature of the policy (e.g. “The product is a long term insurance plan underwritten by [name of authorized insurer] and is neither a bank deposit nor a bank savings plan”); (iii) highlight the target premium amount...
https://www.ia.org.hk/english/legislative_framework/files/GL30_English.pdf -
Date: 2020-09-24