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Insurance Authority launches public consultation on public disclosure requirements under the Risk-based Capital Regime
17
Mar
Mar
The consultation paper from the Insurance Authority (IA) of Hong Kong outlines draft Insurance (Public Disclosure) Rules aimed at enhancing transparency and market discipline by requiring authorized insurers to publicly disclose specific information about their financial status and operations. Stakeholders are invited to provide feedback by April 25, 2025, through mail or email, with a provided feedback template. The rules mandate annual disclosures, including audited financial statements and details on corporate governance and risk management, applicable to most authorized insurers with certain exceptions. The document also includes a Personal Information Collection Statement regarding the handling of submitted data and appendices detailing the proposed rules and templates. Resources: https://www.ia.org.hk/en/infocenter/press_releases/20250314.html
