... gentlemen, good morning! It’s my great pleasure and honour to welcome all of you to the Asian Insurance Forum 2021! On behalf of the Hong Kong Insurance Authority (“IA”), let me extend our gratitude to those of you who are with us here at the forum venue and also to those of you who are joining us online....

... 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...

... over one year now, having commenced on 23 September 2019. Based on our experience in the past 12 months, we thought it helpful to draw your attention to certain requirements of the new regime which may benefit from improved awareness and observance. A number of these requirements, if contravened give...

... review certain specified decisions imposed by the Insurance Authority (IA) on its subsidiary Target Insurance Company Limited (Target Insurance). Target Holdings has also acceded to paying the IA’s costs of the IAT proceedings. The withdrawal was endorsed by the IAT this afternoon (3 April 2023...

... April 2017 Page 1 Note on Annual Authorization Fee INSURANCE AUTHORITY Note on Annual Authorization Fee INTRODUCTION Section 13 of the Insurance Ordinance (Cap. 41) provides that every authorized insurer must pay the prescribed fees to the Insurance Authority (the “Authority”) not later than the...

... decision, believing that the condition of Mr A’s son was more likely to be congenital in nature based on the opinion given by the attending doctor, reference to some common medical literature, and the time when the insured was diagnosed as suffering from the claimed medical condition. For...

... of the direct regulatory regime for licensed insurance broker companies As you will be aware, the direct regulatory regime for licensed insurance intermediaries, as set out in the Insurance Ordinance (Cap. 41) (“Ordinance”), has been in effect for just over one year now, having commenced on 23...

... Consultation Paper on a Risk-based Capital Framework for the Insurance Industry of Hong Kong Consultation Paper on a Risk-based Capital Framework for the Insurance Industry of Hong Kong     2 FOREWORD 1 This paper is published by the Insurance Authority (IA) to consult interested parties on the...

... 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...

...] Accumulated Dividends and Interest [K-3] Terminal Dividend 1 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 2 3 4 5 10 15 20 25 30 At age 65 (5-year interval) At Age 100 Explanation on above illustration: Please refer to the Explanation Notes Section. 2 Name of...