Hong Kong Insurance Authority – Charm

Hong Kong insurers mobilise to help fire victims claim payouts on 12,000 policies

8 months ago02 mins

The Hong Kong Insurance Authority has directed insurers to move quickly to assist victims of the Tai Po fire by directly contacting policyholders to help them claim compensation for about 12,000 insurance policies, according to CEO Clement Cheung Wan-ching. Cheung on Monday updated the figures on insurance policies affected by the 43-hour blaze that started…

Hong Kong regulator puts a 50% cap on referral fees for insurance sales

Cs news10 months ago02 mins

Hong Kong insurance companies and brokers from Wednesday are barred from paying excessive referral fees to unlicensed individuals, as the city’s insurance regulator bolsters efforts to curb misconduct and enhance customer protection. The city’s Insurance Authority has put a 50 per cent cap on commissions for referral fees in life insurance policies, a move that…