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 receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
Hong Kong receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
How did Hong Kong’s insurance industry fare in its first quarter?
The industry showed only flat growth across both long-term and general business.
Hong Kong insurance regulator faces staff shortage: report
The regulator said it is understaffed by around 10%.
Hong Kong IA resumes normal operations
However, the public is still encouraged to make use of off-site services.
Hong Kong regulator warns public of fake insurer websites
The IA has notified the policies about the fake website.
Hong Kong IA reopens offices to the public
Services will be limited to the those who made prior appointments.
Hong Kong IA bans three agents for faking school credentials
Two were banned for three years whilst the other was banned for two years.
Hong Kong broker banned over breach of personal information
He was also found guilty of forgery and impersonation.
Hong Kong IA extends temporary distribution measures until September
This means face-to-face sales of some insurance products are still prohibited.
Hong Kong IA reveals insurance complaints dropped by 9% in 2021
The IA also said its handling of complaints also improved.
Hong Kong insurance regulator warns public against phishing scams
There have been reported cases of fraudsters using the name of Sun Life Hong Kong.
Hong Kong IA welcomes regularisation of preferential treatment from China
This deal between the two countries started in 2018.
HK Insurance Authority shuts down offices amidst new Omicron threat
Majority of employees are ordered to work from home.
HK Insurance Authority fines insurers HK$7m for breaking regulatory laws
The two insurers broke anti-money laundering and counter-terrorism laws.
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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.
