Research and Markets: Governance, Risk and Compliance – The Hong Kong Insurance Industry 2015

DUBLIN--(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

View source version on businesswire.com: http://www.businesswire.com/news/home/20150730006416/en/

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Sector: Insurance, Insurance

Source: Research and Markets