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Leave your emailNational Financial Regulatory Administration Deputy Director General Cong Lin proposed that the insurance industry must resolutely abandon the obsession with scale and enhance the adaptability of insurance supply.
Read originalThe National Financial Regulatory Administration explicitly requires insurance institutions to pursue differentiated development paths and curb "fee wars" and illegal rebate practices. This requirement serves as a regulatory direction for standardizing insurance industry operations and optimizing market competition order.
Read originalZhu Yansheng of the Beijing Financial Regulatory Bureau proposed the need to establish and improve the coordinated management and service mechanism for technology insurance. Currently, publicly disclosed relevant information only mentions this core viewpoint, without involving specific implementation rules, supporting measures, or advancement arrangements.
Read originalHKTVmall has launched a 15% cashback offer on AXA overseas study insurance. The offer is targeted at users who need overseas study insurance coverage, and the corresponding premium cashback benefit can be claimed by participating through the HKTVmall platform.
Read originalHong Kong insurance regulator takes prohibition measures against six individuals regarding USD 930,000 in payments. The relevant incident was reported by Insurance Asia.
Read originalHong Kong regulators have taken sanction action against six insurance intermediaries due to violations involving false premium declarations.
Read originalCarmen Chu, Executive Director (Banking Supervision) of the HKMA, delivered opening remarks at the Finance and AI Forum, introducing the results of the second phase of the GenAI Sandbox, releasing the latest regulatory guidelines on AI applications based on the "ART" framework, and announcing the establishment of an AI training data sharing platform in collaboration with Cyberport and the University of Hong Kong.
Read originalFWD's Critical Care has become the first critical illness product to receive the Q Mark certification from the Hong Kong Federation of Insurers. The certification is launched by the Hong Kong Federation of Insurers to identify quality insurance products that meet industry standards.
Read originalThe Hong Kong Insurance Authority has imposed sanctions on six intermediaries for submitting false bank draft declarations. This sanction is a regulatory action taken by the Insurance Authority against intermediary misconduct.
Read originalThe Hong Kong Monetary Authority issued a circular on the responsible use of AI on 15 October 2026, addressed to all authorized institutions. The circular is accompanied by six current annexes dated 15 October 2026 and relates to three previously issued current circulars.
Read originalThe HKMA launched the "ART" framework on October 15, centered on accountability, resilience, and trust, to support the banking sector in responsibly adopting artificial intelligence. The framework is accompanied by the release of the latest regulatory guidelines on the responsible use of AI. It also involves collaborating with Cyberport and the University of Hong Kong to build an AI training data sharing platform, and further testing agentic AI applications through the Generative AI Sandbox++.
Read originalFWD Hong Kong launches the new "Critical Illness Total Support Insurance Plan" series. This product is a critical illness insurance product, and relevant information is released through press release channels.
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