... Understanding Medical Insurance Case studies Acknowledgements are made to the Insurance Complaints Bureau (ICB) for permission to publish the following abstracts of real-life cases.   Case 1: Congenital condition...

... GL2 GUIDELINE ON INSURANCE (GENERAL BUSINESS) (VALUATION) RULES Insurance Authority Contents Page 1. Introduction ……………………………………………… 1 2. Overview of the Insurance (General Business) (Valuation) Rules……………………………………………………… 1 3. Application………………..…………………………….... 2 4. Interpretation...

... Transitional Arrangement Unresolved Cases relating to Alleged Contraventions of Applicable Rules that Occurred before 23 September 2019 From 23 September 2019, the day on which the Insurance Authority (“IA”) takes over the direct regulation of...

... Decoding Premium Financing and its Risks What is Premium Financing? Premium financing is an insurance funding arrangement whereby a policy holder borrows funds from a financial institution (usually a bank) to pay the premium of a new insurance policy...

... Regulation of Designated Insurance Holding Companies Overiew Regulatory Requirements Under the Insurance Ordinance (Cap. 41) (“IO”), the Insurance Authority (“IA”), as the group supervisor appointed to regulate and...

... Supervisory standards and requirements When carrying on business involving the use of premium financing, insurers and insurance intermediaries must comply with the Guideline on Underwriting Long Term Insurance Business (other than Class C Business) (GL16...

... Understanding Home Insurance What is home insurance? Taking out a home insurance policy allows policyholders to shift responsibility to an insurer for any expenses arising from the loss of household possessions, including appliances, furniture...

... Asian Insurance Forum 2023 successfully concluded with record-high participation and insightful exchanges on financial stability and resilience 8 December 2023 The Asian Insurance Forum (AIF) was held today (8 December 2023) in hybrid format under...