Web5 mag 2024 · On 3 May 2024, the Insurance Authority (IA) issued a press release announcing the details of the two-year Pilot Insurance-linked Securities Grant Scheme (Grant Scheme) with the aim to attract and incentivise insurers and sponsors to issue insurance-linked securities (ILS) in Hong Kong. WebThe Insurance Authority ( IA ), an independent statutory body, administers the Insurance Ordinance (Cap. 41) ( IO) which provides the legal framework for the regulation of insurers and insurance intermediaries (agents and brokers) in Hong Kong.
The new regulatory regime for insurance intermediaries in …
Web17 gen 2024 · Lloyd’s underwriters are licensed to write non-life insurance and reinsurance throughout Hong Kong, either through local coverholders and syndicate service companies or directly into our overseas underwriting locations, such as London or Singapore. Lloyd’s underwriters offer tailored solutions in a wide range of lines of insurance and ... Webto regulate and supervise the Hong Kong insurance industry to promote its stable development and to protect existing and potential policy holders. We are looking for … segment addition postulate definition math
Insurance Authority - Myths around home insurance - ia.org.hk
WebCase 1: Broken window caused by a typhoon. Mrs. Chan’s window was damaged by strong wind during a typhoon signal no. 8. Mrs. Chan is the property owner and purchased fire insurance when she applied for her mortgage loan, so she submitted a claim to the insurer. However, the insurer denied her claim because the damaged window was not covered ... Web21 feb 2024 · The IA had previously introduced Phase 1 of the measures in a circular dated 21 February 2024 2. Phase 1 covered two types of products: The Qualifying Deferred Annuity Policy (QDAP); and The Voluntary Health Insurance Scheme (VHIS) which were prioritised by the IA in introducing non-face-to-face (non-F2F) distribution methods. Web1 apr 2024 · The Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA) each issued a circular (IA circular and HKMA circular respectively) today (1 April) clarifying the supervisory standards and requirements related to the use of premium financing in taking out life insurance policies. segmentation handwritten digit recognition