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Clyde & Co
The Hong Kong Insurance Authority (IA), an independent statutory body, has taken over regulatory control for insurance intermediaries.
Mayer Brown
Banks have certain activities related to insurance, such as referrals, premium financing and trust arrangements.
Mayer Brown
The number of cyber attacks is on the increase and so is their level of sophistication.
Clyde & Co
The Hong Kong Insurance Authority has published the new Code of Conduct for Licensed Insurance Agents (Agents' Code)
Herbert Smith Freehills
On 23 September 2019, the new statutory regime for the regulation of insurance intermediaries will take effect.
Clyde & Co
The new statutory licensing and conduct regime for insurance intermediaries comes into operation on 23 September 2019.
Mayer Brown
On 23 September 2019, the Insurance Authority in Hong Kong will take over regulation of insurance agents and brokers from the self-regulatory bodies (SROs),
Clyde & Co
The Insurance Authority has issued two new guidelines for licensed insurance intermediaries (the Guidelines)
Clyde & Co
The Hong Kong Insurance Authority has published consultation conclusions (Consultation Conclusions) on the draft Guideline on Exercising Power to Impose Pecuniary Penalty in Respect
Herbert Smith Freehills
Last Friday, the Hong Kong Insurance Authority published its Guideline on Cybersecurity (GL 20) for authorised insurers. GL 20 will take effect on 1 January 2020.
Mayer Brown
The new Section 90 of the Insurance Ordinance Cap. 41 ("Ordinance") introduces statutory conduct requirements for licensed insurance agents and insurance brokers.
Mayer Brown
Under the new insurance licensing regime, Section 64G of the Insurance Ordinance Cap.
Mayer Brown
The new Hong Kong insurance intermediary regime is expected to commence in mid-2019.
Clyde & Co
New rules will bringer tougher conduct, corporate governance and fitness and probity obligations.
Clyde & Co
Non-traditional players continue to have high levels of interest in the Asian insurance industry, with its attractive growth prospects. However, market entry is hindered by a number of factors.
Howse Williams Bowers
In a claims-made policy, the insurer's obligation to indemnify is triggered not by the occurrence of a loss, but by a third party making a claim against an insured.
Clyde & Co
2018 is likely to be the year of innovation for the insurance market in Hong Kong.
Clyde & Co
The Insurance Authority has recently launched two new initiatives to promote the use of insurtech in Hong Kong.
Clyde & Co
According to the Legislative Council brief issued on 19 April 2017 by the Financial Services and the Treasury Bureau and the Provisional Insurance Authority, 26 June 2017 is the commencement date...
Clyde & Co
On 3 March 2017, the Financial Services Development Council (the "Council") issued an important report, titled: "Turning Crisis into Opportunities: Hong Kong as an Insurance Hub with Development Focuses on Reinsurance, Marine and Captive" (the "Report").
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