Hong Kong Insurance Authority

The Hong Kong Insurance Authority (IA) is an insurance regulator established under the Insurance Ordinance (Cap. 41). The principal function of IA is to regulate and supervise the insurance industry for the promotion of the general stability of the insurance industry and for the protection of existing and potential policy holders.

See below for the Latest Hong Kong Insurance Authority News, Analysis, Profit Results, Share Price Information, and Commentary. 

 

HKIA warns of risks in premiums financing, “double-edged sword”

The authority urges insurers to seek professional advice before premium financing.
2 days ago

HKIA warns of risks in premiums financing, “double-edged sword”

The authority urges insurers to seek professional advice before premium financing.
2 days ago

HKIA applauds Article 23 consultation for legal enhancement

This initiative hopes to improve the legal regime of the industry in Hong Kong.

Insurance-linked securities to tackle Asia's growing climate protection gap – HKIA

Hong Kong's potential role in leveraging its mature insurance and capital markets to provide alternative risk transfer tools can address NatCat risks.

HKIA announces new executive director

Two executive directors will be appointed soon to oversee long-term and general business.

HKIA rules face 2024 overhaul, await legislative approval

There are four draft rules covered in the second round of consultation.

HKIA stamps six-year ban on ex-agent for embezzlement and mishandling of premiums

The former insurance agent admitted wrongdoing during the IA's investigation.

HKIA flags fraudulent activity

The mentioned company is neither an authorized insurer nor a licensed insurance intermediary under the Insurance Ordinance (Cap. 41).

Two extreme typhoons push claims incurred to HK$1.9b – HKIA

Property damage and motor businesses were the two most affected lines of business.

HKIA seeks public input on subsidiary legislation for risk-based capital regime

This consultation comes after the implementation of the Risk-based Capital (RBC) regime.

HKIA warns of fake insurers on social media

Scammers posed to be representatives of Dah Sing Insurance and sold motor insurance products.

HKIA imposes five-year ban on ex-insurance agent

The former agent mishandled and misappropriated premium payments from two policyholders. 

Hong Kong’s insurance premium falls 1.4% YoY in first semester

The whole life, critical illness, and general insurance markets each saw increases.

Hong Kong imposes six-month ban on Chan Ka Hey for fabrication

To deceive the insurer and his employing bank, Hey fabricated a new DDA form with a cut-out of the client’s signature, without consent.

Hong Kong Insurance Authority reappoints CEO

His reappointment is effective 15 August 2023 to 14 August 2026.

HK Insurance Authority launches new QDAP selection tool

Users can choose and compare any available QDAP policies using the search tool.

Hong Kong insurance regulator bans former insurance agent for fraud

The agent falsified academic records to meet the requirements to be an agent.