Research and Markets: Governance, Risk and Compliance - The Hong Kong Insurance Industry 2015
July 30 2015 - 2:07PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/hplvtd/governance_risk)
has announced the addition of the "Governance, Risk and Compliance
- The Hong Kong Insurance Industry" report to their offering.
'Governance, Risk and Compliance - The Hong Kong Insurance
Industry' report is the result of extensive research into the
insurance regulatory framework in Hong Kong. It provides detailed
analysis of the insurance regulations for life, property, motor,
liability, personal accident and health, and marine, aviation and
transit insurance. The report specifies various requirements for
the establishment and operations of insurance and reinsurance
companies and intermediaries.
Key Highlights
- The Office of the Commissioner of Insurance (OCI) is the
regulatory body supervising and regulating the insurance industry
of Hong Kong.
- The government of Hong Kong proposed to establish Independent
Insurance Authority (IIA), replacing the existing OCI as the
country's insurance regulator.
- 100% foreign direct investment (FDI) is permitted in the Hong
Kong insurance industry.
- Reinsurers are not subject to any authorization for operating
in Hong Kong.
- Non-admitted insurance is not permitted in the Chinese
insurance industry.
- New risk-based capital (RBC) regime to be implemented by 2016
or 2017.
Key Topics Covered:
1 Introduction
2 Governance, Risk and Compliance
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulations
2.3 Legislation and Market Practice by Type of Insurance
2.4 Compulsory Insurance
2.5 Supervision and Control
2.6 Non-Admitted Insurance Regulations
2.7 Company Registration and Operations
2.8 Taxation
2.9 Legal System
3 Appendix
Companies Mentioned
- Canton Insurance Office Ltd
- Union Insurance Society of Canton
- Lloyd's
- Aviva Life Insurance Company Limited
- Axa (Hong Kong) Life Insurance Company Limited and
- BEA Life Limited
- ABCI Insurance Company Limited,
- ACE Insurance Limited,
- AIG Insurance Hong Kong Limited
- Axa General Insurance Hong Kong Limited
For more information visit
http://www.researchandmarkets.com/research/hplvtd/governance_risk
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version on businesswire.com: http://www.businesswire.com/news/home/20150730006416/en/
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