The Insurance Authority (IA) today (30 August 2024) released provisional statistics of the Hong Kong insurance industry for the first half of 2024, showing a rise of total gross premiums by 5.1% to $310.9 billion over the corresponding period in 2023.(Percentage figures shown in brackets ...
The Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) (the “Ordinance”) is the principal legislation regulating the insurance industry in Hong Kong. The Ordinance introduced and established the Independent Insurance Authority (the “IA”), which replaced the Office of the Commissioner of ...
Hong KongInsuranceFinancial servicesRegulationThis article has four main parts. Firstly, it reviews the current regulatory framework for the insurance industry in Hong Kong. It then looks at the IMF's and oSocial Science Electronic Publishing
The Hong Kong Monetary Authority (HKMA) announced its endorsement of the Guidelines on the Mandatory Reference Checking Scheme (respectively,GuidelinesandMRC Scheme) issued by the Hong Kong Association of Banks and the DTC Association – just one year after issuing theConsultatio...
The Insurance Authority (IA) is Hong Kong’s insurance regulator and is independent of the Government. It is self-financing with income streams both from the insurance industry and through a levy on policyholders (‘the levy’). The levy applies to all business underwritten in Hong Kong, ...
WHI TE PAPER–AUGUST 2022 Hong Kong Monetary Authority – TM-G-1 General principles for technology risk management VMware Cloud on AWS VMware Cloud on AWS Executive Summary The Hong Kong Monetary Authority (HKMA) General Principles for Technology Risk Management provides a set of ...
AWS User Guide to Financial Services Regulations and Guidelines in Hong Kong SAR – Hong Kong Insurance Authority Navigating Hong Kong SFC Compliance on AWS Customers that have questions about the applicable regulations, and how these may apply to their use of AWS services, can reach out to their...
Macao Greater Bay Area between the People’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange and the Hong Kong Monetary Authority, Securities and Futures Commission of Hong Kong, Monetary Authority of Macao...
In September 2024, the former Principal Manager of the Airport Authority Hong Kong admitted in Court that he accepted bribes of about $3.3 million, and pleaded guilty to contravention of, inter alia, section 4(2)(a) of the POBO. To date, the ICAC has charged 28 individuals in connectio...
XL Insurance Company SE, Hong Kong Branch and Catlin Hong Kong Limited (“we”, “us” or the "Insurer") are part of AXA XL, a division of AXA. We recognize the importance of protecting the privacy and the rights of individuals in relation to their personal data and are committed to ...