... Management (“Guideline”) in May 2018 and received comments from the insurance industry and professional bodies. We have carefully studied all comments received and revised the draft Guideline for further consultation (see Annex). The revised draft Guideline, proposed to be effective on 1 January 2020, has...

... Insurance Authority publishes its Annual Report 2020-21 23 February 2022 The Insurance Authority (IA) today (23 February 2022) published its Annual Report 2020-21 entitled “Embracing the New Normal”, giving an overview of major events and activities...

... Cir dd 01.06.2020 - Practice Notes supplementing Standards and Practices 5.4 and 7.1 of the Code of Conduct for Licensed Insurance Brokers 1 June 2020 Our Ref: MC/INT/5 To: Responsible Officers of all licensed insurance broker companies Dear Sirs, Practice Notes supplementing Standards and...

... Cir dd 01.06.2020 - Practice Notes supplementing Standards and Practices 5.4 and 7.1 of the Code of Conduct for Licensed Insurance Brokers 1 June 2020 Our Ref: MC/INT/5 To: Responsible Officers of all licensed insurance broker companies Dear Sirs, Practice Notes supplementing Standards and...

... insurance market reported growth in total gross written premiums (“GWP”) of 4.5% to HK$64,387 million in 2022 against the backdrop of the fifth wave of COVID-19 and subdued economic recovery.  Overall underwriting profit increased to HK$4,338 million in 2022 compared to HK$1,720 million in...

... Microsoft Word - Disciplinary Fining Guidelines _English_.doc GL3A GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF ANTI-MONEY LAUNDERING AND COUNTER- TERRORIST FINANCING (For authorized insurers and reinsurers carrying on long term business, and licensed individual...

... Microsoft Word - Disciplinary Fining Guidelines _English_.doc GL3A GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF ANTI-MONEY LAUNDERING AND COUNTER- TERRORIST FINANCING (For authorized insurers and reinsurers carrying on long term business, and licensed individual...

... Microsoft Word - Disciplinary Fining Guidelines _English_.doc GL3A GUIDELINE ON EXERCISING POWER TO IMPOSE PECUNIARY PENALTY IN RESPECT OF ANTI-MONEY LAUNDERING AND COUNTER- TERRORIST FINANCING (For authorized insurers and reinsurers carrying on long term business, and licensed individual...

... 25 August 2020 Our Ref: MC/INT/5 To: Responsible Officers of all Licensed Insurance Agencies Dear Sirs, Applications for new licences by licensed insurance agencies and their technical representatives (agents) who are deemed licensees When the Insurance Authority (“IA”) took over the direct...

... 25 August 2020 Our Ref: MC/INT/5 To: Responsible Officers of all Licensed Insurance Broker Companies Dear Sirs, Applications for new licences by licensed insurance brokers and their technical representatives (brokers) who are deemed licensees When the Insurance Authority (“IA”) took over the...