... capture business opportunities, and more importantly, extend the capacity of the insurance industry; thus enhancing its sustainable development.” The bill also seeks to expand the scope of insurable risks of captive insurers set up in Hong Kong, helping the industry capitalise on business...

... insurance agencies and licensed insurance broker companies be changed. Currently (i.e. prior to the promulgation of the proposed F&P Guideline), the minimum education standard for individual licensees is set at completion of Form 5 (i.e. no additional education requirement is required in respect of a...

... which set out principles of best practice for compliance by insurers e.g. Guideline on Underwriting Class C Business (“GL15”) and Guideline on Underwriting Long Term Insurance Business (other than Class C Business) (“GL16”). Code of Conduct for Insurance...

... moderation and re- calibration. In addition, the QIS 3 package has taken into account international standards and practices, particularly the global Insurance Capital Standard (ICS) being developed by the International Association of Insurance Supervisors (IAIS). QIS 3 is contributory to forming the data set...

... define and support its objectives; (b) define the roles and responsibilities of persons accountable for management and oversight; (c) set out requirements relating to how decisions and actions are taken; (d) provide for effective means of communicating matters relating to the management and oversight of...

... define and support its objectives; (b) define the roles and responsibilities of persons accountable for management and oversight; (c) set out requirements relating to how decisions and actions are taken; (d) provide for effective means of communicating matters relating to the management and oversight of...

...;Insurance Ordinance (Cap.41) (“IO”), and the applicable requirements set out in the rules, regulations, codes and guidelines made or issued under the IO. For monitoring the continuing compliance with the statutory conduct requirements, the IA may apply suitable supervisory tools...

... Professional Development for Licensed Insurance Intermediaries (GL24) We have today issued a set of Interpretation Notes relating to the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (GL24), which can be downloaded from the website of the Insurance Authority (“IA”). The...

... Professional Development for Licensed Insurance Intermediaries (GL24) We have today issued a set of Interpretation Notes relating to the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (GL24), which can be downloaded from the website of the Insurance Authority (“IA”). The...