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⏭... amendments is available on the HKICPA website at https://www.hkicpa.org.hk/-/media/HKICPA-Website/Members- Handbook/updates/update247.pdf. The effective date of the amended HKFRS 17 is 1 January 2023. To support the implementation of HKFRS 17, HKICPA continues the activities of the Hong Kong Insurance...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_Amendments_to_Hong_Kong_Financial_Reporting_Standard_17_Insurance_Contracts.pdf -
Date: 2020-12-21
... are replaced by the text below: 6.1.4 Insurance Complaints Bureau (‘ICB’) The Insurance Complaints Bureau (‘ICB’) was inaugurated on 16 January 2018 to supersede The Insurance Claims Complaints Bureau (‘ICCB’) in providing an alternative dispute resolution mechanism to help resolve insurance-related...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/P1_SN_eng_2017ver_2018update.pdf -
Date: 2019-12-02
... ASSUMED CREDITING INTEREST RATES USED BELOW ARE FOR ILLUSTRATIVE PURPOSES ONLY. UNLESS OTHERWISE STATED ， THEY ARE NEITHER GUARANTEED NOR BASED ON PAST PERFORMANCE. THE ACTUAL CREDITING INTEREST RATES MAY BE DIFFERENT! [B] Proposal Summary for ABC product 1. Name of Life Insured: Age: Sex: [C] Smoker/Non...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/6.Standard_Illustration_for_Universal_Life_Non-Linked_Policies.pdf -
Date: 2019-12-20
... recommendations on insurance policies, and the handling of premium or other insurance monies on behalf of policyholders or potential policyholders. Examples of complaints about conduct in the insurance market (i.e. potential “misconduct”) which the IA may handle are as follows...
https://www.ia.org.hk/english/consumer/lodge_a_complaint.html -
Date: 2023-09-01
... 1 Existing and planned measures on the promotion of racial equality The Insurance Authority The principal function of the Insurance Authority ("IA") is to regulate and supervise the insurance industry to promote the general stability of the insurance industry and protect existing and potential...
https://www.ia.org.hk/english/aboutus/files/ia_em_checklist-e-fair.pdf -
Date: 2021-11-01
... 14 July 2024, on grounds of him not being fit and proper1. The disciplinary action arose from a decision by the Mandatory Provident Fund Schemes Authority (“MPFA”) to suspend Mr To’s registration for 40 months for contravening the conduct requirements under the Mandatory...
https://www.ia.org.hk/english/infocenter/press_releases/20220308.html -
Date: 2022-03-08
[PDF]
cir_aml_20180312_PF.PDF
... Guidance on Counter Proliferation Financing issued by the Financial Action Task Force (“FATF”) 12 March 2018 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Guidance on Counter Proliferation Financing issued by the Financial Action...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20180312_PF.PDF -
Date: 2019-02-01
[PDF]
cir_aml_20170707_2.pdf
... Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Bill 2017 7 July 2017 Direct line: 2153 2181 Our Ref: INS/TEC/6/45 To: Chief Executive of all authorized insurers carrying on long term business Dear Sirs, Anti-Money Laundering and Counter-Terrorist...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20170707_2.pdf -
Date: 2018-01-15
... Consultation Conclusions on a Risk-based Capital Framework for the Insurance Industry of Hong Kong 1 Consultation on a Risk-based Capital Framework for the Insurance Industry of Hong Kong Consultation Conclusions Background 1. The Insurance Authority (“IA”) conducted a three-month consultation...
https://www.ia.org.hk/english/infocenter/files/rbc_consultation_conclusions.pdf -
Date: 2019-09-03
... Industry Advisory Committee on Long Term Business Industry Advisory Committee on General Business General Business Division Market Conduct Division Policy and Development Division Corporate Services Division Long Term Business Division Staff (currently about 170 and will gradually increase to an...
https://www.ia.org.hk/english/infocenter/files/Pan_Asian_Regulatory_Insurance_Summit.pdf -
Date: 2021-12-09