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.
Hong Kong premiums dips by almost 1% to $76.98 in 2021
General insurance business was up by 1.4%
HK Insurance Authority bans former agent for misconduct
Yam Wai Shu will not be allowed to apply for a licence for five months.
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
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.
