(Hong Kong, Shanghai, February 27, 2023) Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that Ping An Bank Hong Kong Branch (the “branch”) has been granted an insurance agency license by
ZAhas announced that it has been granted an Insurance Agency license from the Hong Kong Insurance Authority (IA), allowing it to act as an agent of ZA Insure, a fully digital insurer under the ZA brand. The move sees ZA Bank become Hong Kong’s first virtual bank to be the agent of ...
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 ...
HONG KONG,Dec. 20, 2018/PRNewswire/ -- Bowtie Life Insurance Company Limited (Bowtie) today announces that it has been granted the very first virtual insurance company license byHong Kong'sInsurance Authority under its Fast Track pilot scheme. As a home-grown insurtech and now a fully-lice...
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
What is an HKMA license? The Hong Kong Monetary Authority (HKMA) is the statutory regulator of Hong Kong's financial securities industry. The HKMA is an independent statutory body. One of its major functions is to regulate and authorize banks or authorized financial institutions (ie licensed bank...
The Insurance Authority (IA) has invoked powers under the Insurance Ordinance to take full control of the affairs and property of Target Insurance (Target) in order to maintain market stability and protect policyholders' interests and to keep thousands of...
Bowtie Life Insurance has been granted Hong Kong's first virtual insurance company license by the Insurance Authority under its Fast Track pilot scheme. As a home-grown InsurTech start-up, Bowtie is set to offer insurance protection directly to customers, without any insurance intermediaries. ...
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 gui...