... Actuary profession is held in high esteem and a magnet for bright minds. We know it too well because it has been a statutory requirement since 2001 for insurers carrying on long term business in Hong Kong to appoint a qualified actuary, whose main duty is to ensure compliance with codes, rules and...

... The membership list of the DPP is available on the IA website. “In developing the disciplinary mechanism under the new direct regulatory regime for insurance intermediaries1, our aim has been to implement a process that is fair, efficient and robust,” said Mr Peter Gregoire, Head...

... 來函檔號 Your ref. 電 話 Tel. 2867 2711 17 March 2017 CORRESPONDENCE SHOULD BE ADDRESSED TO “THE COMMISSIONER OF INSURANCE” AND NOT TO INDIVIDUAL OFFICERS 來函請書明保險業監理專員收 To: Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Statements issued by the Financial Action Task...

... 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...

... priorities to further promote and consolidate Hong Kong’s role as a leading sustainable finance hub. These priorities are: Establish world-class regulation through alignment with global standards. We aim at developing a comprehensive Hong Kong roadmap on adopting the International...

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6....

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6....

... Preparatory Works To prepare for the new regime, we are drafting new rules, codes and guidelines and developing a new computer system and online portal.  We have also set up a Working Group on Direct Licensing Regime for Insurance Intermediaries and two...

... concise explanations; If No, are you going to perform a gap analysis and when? Please supplement explanations, as necessary) 3) Have you performed a gap analysis or devised a work plan on the compliance of the: This survey aims to facilitate the Insurance Authority to understand the preparation status of...

... Circular_Interpretation Notes 2 August 2021 Our Ref: MC/CPD/CIR By email only To: Chief Executives of all authorized insurers, Responsible Officers of all licensed insurance agencies and licensed insurance brokers companies Dear Sirs, Interpretation Notes relating to the Guideline on Continuing...