... 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...

... 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...

... Only To: Chief Executives of authorized insurers carrying on long term insurance business Dear Sirs, Sandbox application for the distribution of long term insurance policies via video conferencing tools Background The IA has been working closely with the HKFI InsurTech Task Force on initiatives...

... Security Council Committee (“Committee”) has been specified under the United Nations Terrorism Measures) Ordinance (“UNATMO”). The list has been Gazette (G.N. 3896) on 16 June 2017 and is available on Government’s website http://www.gld.gov.hk/egazette/. Relevant issued by the Committee is attached at 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...

... United Nations Sanctions and Revised Approach on Sanctions-related Notices Update 2 February 2018 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on general business Dear Sirs, United Nations Sanctions and Revised Approach on Sanctions-related Notices Update The...

... 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...

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6....

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6....

... It has been four months since I spoke at CIB’s Annual Conference last October. Tonight, I would like to update you on the progress on the preparatory 1 Mr. Bhabani Sankar Rath, Chairman of The Hong Kong Confederation of Insurance Brokers. 2 work for the implementation of the new licensing regime for...