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 against unlicensed insurance sales to MCVs
New office premiums for life insurance bought by MCVs reached HK15.6b.
HKIA warns against unlicensed insurance sales to MCVs
New office premiums for life insurance bought by MCVs reached HK15.6b.
HKIA updates capital rules
The updated guidelines are effective 1 July.
HK warns against fake free insurance ads
The circulating ad even featured a government Dep’t logo.
HK insurers’ Q1 premiums mounts $22b in premiums
On a year-on-year basis, it climbed 12.2%.
HKIA bans two agents for false credentials
The cases occurred before the HKIA took over the regulation of insurance intermediaries in 2019.
HKIA reinforces sanctity of license to operate
Violations can result in a fine and imprisonment for up to two years.
HKIA appoints new directors for 2024-2027 term
Lee and Lui have been a member of the HKIA for six to seven years.
Hong Kong imposes 14-year license ban on ex-Prudential agent
The agent scammed policyholders to transfer RMB2.35m into his bank account.
HKIA welcomes World Bank’s second Cat bond, worth $150m
It will offer coverage against storm risks in Jamaica.
HKIA alerts on fraudulent payment invoices
The HKIA not issue invoices for anything named "Insurance Authority Certificate" or "Capital Insurance Certificate."
Hong Kong and Macao discuss cross-market insurance issues
Discussions included topics such as the sale of life insurance products to MCVs.
HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.
Joseph Chan touts Hong Kong as top ILS issuance centre
The insurance authority hosted its first ILS conference last week.
HKIA, ICAC target suspected unlicensed insurance sales to mainland China
The first joint operation led to the arrest of a broker and a referrer.
Unethical conduct results in harsh HKIA ban
The agent was found pocketing a policyholder’s deposits, causing a policy relapse.
HKIA suspends insurer for deceptive practice
Lam intended to improve his sales performance by applying for insurance in his client’s name.
HSBC Life tops Hong Kong’s insurance industry in 2023
HSBC Life’s business premium amongst the biggest market share contributors.
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
