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Insurance Authority guidance, circulars, disciplinary actions and insurance market statistics: regulatory changes most relevant to policyholders.
9 related updatesLast 30 days 8 itemsFeatured 0 items
Hong 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 originalHong Kong's first insurance-linked securities special purpose vehicle has been officially launched, opening a new business path for mainland insurance companies. This vehicle represents an important innovation in Hong Kong's insurance-linked securities market, providing a new channel for mainland insurance institutions to participate in Hong Kong's insurance risk market.
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 Financial Services and the Treasury Bureau and the Insurance Authority of Hong Kong have publicly welcomed PICC P&C's issuance of the first sidecar insurance-linked securities in Hong Kong. This project is an innovative implementation case in Hong Kong's insurance-linked securities market, and details such as the specific issuance scale, pricing, and risk coverage scope have not been disclosed yet.
Read originalThe Hong Kong Insurance Authority has revoked the licenses of 6 insurance intermediaries, as the involved personnel violated internal control measures.
Read originalThe Hong Kong Insurance Authority has prohibited 6 individuals from serving as insurance intermediaries, as they were involved in violating anti-money laundering and counter-terrorist financing control measures. This disciplinary action was taken by the Hong Kong Insurance Authority, and specific details of the violations and the duration of the penalty have not been disclosed in public information.
Read originalPICC Property and Casualty Company Limited issued the first sidecar insurance-linked securities in Hong Kong, with a total issuance amount of USD 12 million. This security belongs to the insurance-linked securities category, and the issuance adopts a sidecar structure.
Read originalHong Kong's HKMA, SFC, IA and MPFA, together with Hong Kong Cyberport, have announced the first batch of selected participants for the Generative AI Sandbox++. 36 use cases were selected from nearly 100 proposals, involving 30 financial institutions and 27 technology partners, focusing on agentic AI application testing. The selected use cases will cover end-to-end processes such as customer account opening, payments, and insurance claims, and will subsequently test AI's ability to dynamically supervise other AI applications.
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