Hong Kong Insurance Authority
HKIA launches AI cohort programme with seven insurers
HKIA launches AI cohort programme with seven insurers
A survey of more than 110 insurers showed 20% already have AI adoption strategies.
IA approves SAIC Motor Insurance for captive operations in Hong Kong
This is the second captive authorisation in Hong Kong this year.
Hong Kong IA to Proceed with Public Disclosure Rules for Insurers from 2026
The new rules apply to both local and overseas insurers with a Hong Kong branch.
HKIA and peers unveil Charter 3.0 to strengthen scam defence
It brings together financial regulators, technology and telecommunications companies.
HKIA fines broker for inadequate indemnity insurance coverage
One company failed to segregate client monies from its own funds.
Hong Kong Insurance Authority welcomes re-domicile bill passage
HKIA CEO said the legislation offers a simpler and more cost-effective pathway.
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.
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AI isn’t replacing insurance, it’s finally making it work