... 2016 achieved a 20% growth over the corresponding period in 2015. To strengthen the guidance on insurers’ corporate governance and risk management, we revised the Guidance Note on the Corporate Governance of Authorised Insurers (GN10) in October 2016 to incorporate high level standards that were on a...

... 2016 achieved a 20% growth over the corresponding period in 2015. To strengthen the guidance on insurers’ corporate governance and risk management, we revised the Guidance Note on the Corporate Governance of Authorised Insurers (GN10) in October 2016 to incorporate high level standards that were on a...

... 2016 achieved a 20% growth over the corresponding period in 2015. To strengthen the guidance on insurers’ corporate governance and risk management, we revised the Guidance Note on the Corporate Governance of Authorised Insurers (GN10) in October 2016 to incorporate high level standards that were on a...

... Report”) published by the Financial Action Task Force (“FATF”) and Asia/Pacific Group on Money Laundering (“APG”) on 4 September 2019. The ME Report provides an assessment in regard to the compliance and effectiveness of Hong Kong’s anti-money laundering and counter-terrorist financing (‘AML/CTF”) regime...

... (RBC) Regime Further to our letter dated 6 August 2018 regarding the launch of QIS 2 for the development of the RBC regime, the Insurance Authority (“IA”) has finalized the remaining package of template and technical specifications on matching adjustment for insurers carrying on long term business (“MA...

... guidance to authorized insurers and licensed insurance intermediaries in respect of the sale process of ILAS products under the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products (GL26) (the “Guideline”). This Circular is not intended to be a comprehensive guide and does not...

... guidance to authorized insurers and licensed insurance intermediaries in respect of the sale process of ILAS products under the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products (GL26) (the “Guideline”). This Circular is not intended to be a comprehensive guide and does not...

... Guidance Notes GL13 GUIDELINE ON ASSET MANAGEMENT BY AUTHORIZED INSURERS Insurance Authority Contents Page 1. Preamble………………………………………….…………….. 1 2. Introduction…………………………………………………….. 2 3. Definition of the Investment Policy and Procedures…….……… 4 4. Monitoring and Control…………….…………………………... 9 5....

... Continuing Professional Development (CPD) Requirements Overview Licensed insurance intermediaries are required to be fit and proper persons to carry on regulated activities. In this regard, licensed insurance intermediaries who are individuals should...

... industry rules, including the Guideline on the Use of Internet for Insurance Activities (GL 8) and Guideline on Cybersecurity (GL 20), issued by the Insurance Authority (IA) to protect existing and potential policyholders. If an insurer wants to provide sales via video conference, it is required...