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Tag Archives: Hong Kong Insurance Authority

Posted in Asia, Regulatory and legislative updates

Changes in insurance regulation: Mainland China / Hong Kong / Singapore / Indonesia / Vietnam

Our Asia insurance regulatory tracker for the third and fourth quarter of 2019 is attached. The tracker covers a range of developments across the region, including China’s measures to further open up China’s insurance sector, the guidelines issued by the Hong Kong Insurance Authority in light of the regulatory regime for insurance intermediaries from September

Posted in Asia, China and Hong Kong, Regulatory and legislative updates

Hong Kong – New independent insurance authority

The Insurance Companies (Amendment) Bill 2014 (“ICA“) was passed on 10 July 2015. Under the ICA, the Insurance Companies Ordinance (“ICO“) will be amended and renamed “Insurance Ordinance” (“IO“). An independent insurance authority (“IIA“) will be set up to replace the existing Insurance Authority. The establishment of the IIA has been described as the most