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 extends temporary facilitive measures until 2023
Hong Kong extends temporary facilitive measures until 2023
The extension was supposed to end by 9 September 2022.
Hong Kong life insurance industry revenues dip by 3.3%
New business premiums from Mainland China visitors surged by 150%.
Married people have the most insurance literacy rate in Hong Kong; survey
They are followed by mature working adults, with the youth as the least literate.
Hong Kong consumers are ‘moderately literate’ in insurance: study
But behavioural biases dragged the city's literacy score.
Hong Kong IA bans insurance agent with fake academic credentials for 3 years
The agent’s license has now been revoked.
Hong Kong insurance regulator cautions against fake insurance website
The website is posing as an insurance company.
Hong Kong Insurance Authority warns public of bogus calls
The callers are pretending to be staff from the IA to gain private information.
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.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs
Rethinking insurance for the masses