Hong Kong Insurance Authority

HKIA promotes captive insurance for overseas energy risks

MM Lee emphasised Hong Kong’s role as an int’l risk management hub.

HKIA promotes captive insurance for overseas energy risks

MM Lee emphasised Hong Kong’s role as an int’l risk management hub.

HK plans streamlined process for overseas insurers amidst stellar performance

Chairman Yiu attributed the industry’s standing to the RBC regime.

Court penalises agent for premium theft

A client paid $7,693 to the agent, which was later misappropriated.

HKIA finds firms adhere to new premium financing rule

However, the inspection also identified several areas needing improvement.

HK warns against fake free insurance ads

The circulating ad even featured a government Dep’t logo.

HK insurers’ Q1 premiums mounts $22b in premiums

On a year-on-year basis, it climbed 12.2%.

HKIA reinforces sanctity of license to operate

Violations can result in a fine and imprisonment for up to two years.

HKIA, ICAC target suspected unlicensed insurance sales to mainland China

The first joint operation led to the arrest of a broker and a referrer.

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.

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 Insurance Authority warns public of bogus calls

The callers are pretending to be staff from the IA to gain private information.

Hong Kong IA resumes normal operations

However, the public is still encouraged to make use of off-site services.

HK Insurance Authority bans former agent for misconduct

Yam Wai Shu will not be allowed to apply for a licence for five months.