... distribution channels at an early stage. Insurers that apply under Fast Track must have an innovative and robust model using digital distribution to provide benefits to policy holders in product development, delivery, customer service and cost efficiency. “The IA is committed to...

... respect of group risk (section 6.5) and the ORSA (section 9) shall apply to all authorized insurers (save for those exceptions set out in section 2.1 above). 2.3 An authorized insurer may rely on the ERM framework or policies of the group to which it belongs provided that the ERM framework or policies of...

... respect of group risk (section 6.5) and the ORSA (section 9) shall apply to all authorized insurers (save for those exceptions set out in section 2.1 above). 2.3 An authorized insurer may rely on the ERM framework or policies of the group to which it belongs provided that the ERM framework or policies of...

... for calling for additional contributions from, or reduction of benefits to, its members. 2.2 The minimum requirements on the ERM framework (section 6) and the ORSA (section 9) shall apply to all authorized insurers (save for those exceptions set out in section 2.1 above). 2.3 An authorized insurer may...

... The law stipulates that premiums paid for deferred annuity products satisfying a set of criteria set out in the guideline issued by the Insurance Authority (IA) are eligible for tax deduction under the salaries tax and personal assessment. Please visit the List of Qualifying Deferred Annuity Policies...

... 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...

... Ordinance (Cap. 622), or one formed and registered under the former Companies Ordinance, including a non-Hong Kong company to which Part 16 of the Companies Ordinance (Cap. 622) applies. Authorization requirements and procedures are set out in the Authorization Guideline (GL1) and Guideline on...

... Scheme) promulgated in the 2021-22 Budget. The Grant Scheme provides an incentive for insurance companies and organisations to issue insurance-linked securities (ILS) in Hong Kong, while efforts are being made in parallel to map out a new regulatory scheme for Special Purpose Insurers set up in...