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.
Two extreme typhoons push claims incurred to HK$1.9b – HKIA
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.
Gross premiums of HK general insurance soar 4.5% in FY2022
The industry earned $64.6b.
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.
Hong Kong unveils development roadmap for insurance sector
The government aims to strengthen the city’s role as a sophisticated insurance hub.
Hong Kong insurance regulator warns public of fake insurer website
The fake website has now been reported to the police.
Hong Kong regulator warns public of phishing scams on Whatsapp
The messages purported to be from Sun Life Hong Kong.
How GBA after-sales service centres will affect Hong Kong insurance
GlobalData’s Sravani Ampabathina believes that the centres will boost health and motor insurance sales.
Insurance regulator warns public of fake insurer Facebook page
The page is imitating the insurer Blue Insurance.
Hong Kong announces plans for Mainland insurance after-sales services centres
This was announced during Chief Executive John Lee’s policy address.
Hong Kong insurance regulator bans former agent for two years
The agent was banned for using a false academic certificate under the self-regulatory regime.
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