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⏭... respectively is subject to a cap of $7 million. The cap for composite insurer will be applied per general business or long term business respectively. 9. The annual authorization fee payable is the aggregate of fixed fee and variable fee payable. In other words, the annual authorization fee payable by insurers...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/letter_and_note_to_insurers_20170421.pdf -
Date: 2018-01-12
... average age of policy holders is 47.5, while the average annualised premiums per policy are around $71,000. Some 36,000 QDAPs worth $2.5 billion were issued in the first quarter of 2020, representing 7.3% of total new office premiums for individual business. New office premiums in respect of...
https://www.ia.org.hk/english/infocenter/press_releases/20200529.html -
Date: 2021-09-03
... subject to higher levels of responsibility under the new regime. The IA proposes to raise the minimum CPD hours requirement for individual licensees from 10 hours to 15 hours per annum, of which at least 3 hours must relate to ethics or regulations. Online or e-learning courses will be...
https://www.ia.org.hk/english/infocenter/press_releases/20180928_1.html -
Date: 2018-09-28
... Insurance Business as required under the Regulations for Insurance Brokers Engaged in Advising on Linked Long Term Insurance or Arranging or Negotiating policies of Linked Long Term Insurance. This Guidance Note is issued per the above-mentioned date. To allow sufficient time for Members to prepare the...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN9_GN_on_Client_Agreement_for_LLT_v1_22_7_2011_eg19.pdf -
Date: 2019-12-20
[PDF]
cir_aml_20180531.pdf
... policies reaching a high premium amount (e.g. in some cases, the premium amount threshold was set over HKD 6 million). In addition, the threshold specified by most insurers was on a per policy basis without consideration on a per person basis, i.e. requirement to be triggered in respect of all the...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/cir_aml_20180531.pdf -
Date: 2019-02-01
... provide further guidance and support in processing the applications. Please rest assured that detailed instructions of the application process applicable to your agency will be set out in the invitation letter from the IA (per step 1 above). Next steps We have engaged with The Hong Kong Federation of...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Deemed_licensee_agency_company.pdf -
Date: 2020-12-21
..., aligned with a broker company’s responsibility to have in place requisite controls and procedures in respect of its TRs. Please rest assured that detailed instructions of the application process applicable to your broker company will be set out in the invitation letter from the IA (per step 1 above). Next...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Deemed_licensee_broker_company.pdf -
Date: 2020-12-21
... insurance industry in Hong Kong. The insurance density1 and insurance penetration2 in Hong Kong are US$5,647 per capita and 14.2% respectively. Hong Kong has 159 insurers. The premium growth averaged 12.3% in the past 5 years. In the latest figures released yesterday by the Office of the Commissioner of...
https://www.ia.org.hk/english/infocenter/files/Section6.2_160601_HILA_annualdinner.pdf -
Date: 2021-12-09
... insurance industry in Hong Kong. The insurance density1 and insurance penetration2 in Hong Kong are US$5,647 per capita and 14.2% respectively. Hong Kong has 159 insurers. The premium growth averaged 12.3% in the past 5 years. In the latest figures released yesterday by the Office of the Commissioner of...
https://www.ia.org.hk/english/infocenter/files/Section6.2_160601_HILA_annualdinner.pdf -
Date: 2021-09-08
... insurance industry in Hong Kong. The insurance density1 and insurance penetration2 in Hong Kong are US$5,647 per capita and 14.2% respectively. Hong Kong has 159 insurers. The premium growth averaged 12.3% in the past 5 years. In the latest figures released yesterday by the Office of the Commissioner of...
https://www.ia.org.hk/english/infocenter/files/Section6.2_160601_HILA_annualdinner.pdf -
Date: 2020-06-12