Hong Kong Insurance Authority

The Hong Kong Insurance Authority (IA) is an insurance regulator established under the Insurance Ordinance (Cap. 41). The principal function of IA is to regulate and supervise the insurance industry for the promotion of the general stability of the insurance industry and for the protection of existing and potential policy holders.

See below for the Latest Hong Kong Insurance Authority News, Analysis, Profit Results, Share Price Information, and Commentary. 

 

Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024

Both long-term and general business recorded YoY growths.

Hong Kong insurance complaints drop 10.6% in 2023

H1 2024 also recorded an 11.9% reduction in complaints.

HKIA sets fees for insurance intermediary licences from September

It plans to use the fees for enhanced public education and training.

HKIA and SFC probe Tahoe Life's investment dealings

HKIA appointed last week joint and several managers to take control of the insurer.

Insurance authority intervenes amidst Tahoe Life financial woes

Despite appointing advisors in 2023, the insurer failed to provide deliverables.

HK's new legislation welcomed by insurance industry

The legislation advocates for international insurers to re-domicile in Hong Kong.

Hong Kong begins risk-based capital regime for insurers

This follows the enactment of the Insurance (Amendment) Ordinance 2023.

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%.

Hong Kong imposes 14-year license ban on ex-Prudential agent

The agent scammed policyholders to transfer RMB2.35m into his bank account.

HKIA welcomes World Bank’s second Cat bond, worth $150m

It will offer coverage against storm risks in Jamaica.

HKIA alerts on fraudulent payment invoices

The HKIA not issue invoices for anything named "Insurance Authority Certificate" or "Capital Insurance Certificate." 

Hong Kong and Macao discuss cross-market insurance issues

Discussions included topics such as the sale of life insurance products to MCVs.

HKIA takes action against ethical breach by agent

This is the 7th case the HKIA reprimanded an insurance practitioner.

Joseph Chan touts Hong Kong as top ILS issuance centre

The insurance authority hosted its first ILS conference last week.