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’s insurance premiums dip in 2023
Its long-term business witnessed a contraction, whilst its general segment registered growth.
Hong Kong’s insurance premiums dip in 2023
Its long-term business witnessed a contraction, whilst its general segment registered growth.
HKIA’s annual report shows push for global centre status
The report outlined the authority’s initiatives in the past year, including passing the Insurance (Amendment) Bill 2023.
Cross-agency steering group revamps website to boost sustainable efforts
The website also now features sustainability-related data, regulations, news, events, training, and internship opportunities.
HKIA warns of risks in premiums financing, “double-edged sword”
The authority urges insurers to seek professional advice before premium financing.
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.
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Humans need to be in insurance’s genAI loop
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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.
