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.
Hong Kong insurance premiums hit $28.6b in Q1 2025
Hong Kong insurance premiums hit $28.6b in Q1 2025
This was driven by robust growth in both long-term and general insurance business.
HKIA and peers unveil Charter 3.0 to strengthen scam defence
It brings together financial regulators, technology and telecommunications companies.
HKIA fines broker for inadequate indemnity insurance coverage
One company failed to segregate client monies from its own funds.
Global firms eye Hong Kong captives to manage risk
Self-insurance could lower premiums over time and improve liquidity.
HKIA bans two agents over fake policy applications
The HKIA described the misconduct as deliberate and damaging.
Hong Kong Insurance Authority welcomes re-domicile bill passage
HKIA CEO said the legislation offers a simpler and more cost-effective pathway.
Hong Kong’s insurance premiums reach $83b in 2024
Both long-term and general insurance sectors registered notable increases.
HKIA considers smoothing mechanism for insurance commissions structure
It also reported a 99.9% compliance rate with Continuing Professional Development (CPD) requirements.
HKIA sets 6% illustration rate cap on HKD policies
Caps apply only to internal rate of return used in benefit illustrations at the point of sale.
FuSure Reinsurance obtains Composite License from Hong Kong
The company is also exploring health, auto, pet, cybersecurity, and liability insurance.
HKIA supports budget initiatives for insurance sector
Yiu highlighted the extension of the Pilot Insurance-linked Securities Grant Scheme.
KoverNow gets greenlight from HKIA, launches app
It offers coverage for luxury goods and collectibles.
Hong Kong insurance premiums surge 12.2% in 9M 2024
The period already shows signs of a rebound from the 1.1% fall in 2023.
HKIA calls for cross-border collaboration amidst elderly protection gap
Clement Lau emphasised the role of the insurance sector in supporting the elderly.
2024 Policy Address: Hong Kong aims to boost marine insurance offerings
HKIA is also pursuing opportunities with the China Export & Credit Insurance Corp.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
New risk-based capital regime sets nuanced standards for HK insurers
A difference under HKRBC is the shift from the old Solvency I-based HKIO regime.
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