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Insurance Authority bans Wong Ka Keung from being an insurance intermediary for 30 years
The Insurance Authority (IA) has banned Mr Wong Ka Keung (Licence number: IE9049) from being an insurance intermediary for 30 years. Mr Wong conspired with at least nine other people to deceive his appointed authorized insurer of around HK$27 million by arranging patients suffering from critical illness to impersonate as policy holders and make false claims over a period of three years, pocketing about HK$13.5 million in the process. Furthermore, he produced three forged sick
Nov 161 min read
Insurance Authority issues a public reprimand and imposes a fine on Tahoe Life Insurance Company Limited
The Insurance Authority (IA) has issued a public reprimand on Tahoe Life Insurance Company Limited (Tahoe Life) and imposed a fine of $10...
Sep 71 min read
Momentum building up on development of Hong Kong into a vibrant captive domicile with another new authorization granted by the Insurance Authority
The Insurance Authority (IA) granted authorization to SAIC Motor Insurance Limited, a captive established by the SAIC Motor Corporation...
Aug 171 min read
Insurance Authority disciplines two licensed broker companies for failure to keep client monies separately and procure adequate professional indemnity insurance respectively
The Insurance Authority (IA) issued a public reprimand on the Century Investment Planning Limited for failing to keep client monies...
Jul 131 min read
Insurance Authority disciplines two licensed broker companies for failure to keep client monies separately and procure adequate professional indemnity insurance respectively
The Insurance Authority (IA) issued a public reprimand on the Century Investment Planning Limited for failing to keep client monies...
Jul 61 min read
Insurance Authority bans Leung Wai Mei and Ip Ka Ying from being considered as insurance intermediaries
The Insurance Authority (IA) has banned Ms Leung Wai Mei (Licence number: JE7178) and Ms Ip Ka Ying (Licence number: JA2270) from being...
Jun 151 min read
New captive reaffirms Hong Kong as a global risk management centre
The Insurance Authority (“IA”) has granted new authorization to Wayfoong (Asia) Limited, a wholly-owned subsidiary of the HSBC Group and...
May 42 min read
The first case of conviction instigated by the Insurance Authority against a licensed broker company for failure to submit its audited financial statements
The Eastern Magistrates’ Courts today (19 March 2025) convicted and fined Aurex Insurance Brokers Limited, a licensed broker company,...
Mar 231 min read
Insurance Authority imposes a four-month suspension on the licence held by Chan Lok Wang who falsified the signature of his client on a policy surrender form
The Insurance Authority (IA) has suspended the licence of Mr Chan Lok Wang (Licence No: IM7603) for four months. In December 2022, a...
Mar 161 min read
Insurance Authority warns against an unauthorized company with insurance-related name
The Insurance Authority (IA) today (6 November 2024) wishes to alert members of the public in Hong Kong to a company called “Marble...
Nov 10, 20241 min read
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