Hong Kong Insurance Authority

It brings together financial regulators, technology and telecommunications companies.

Chairman Yiu attributed the industry’s standing to the RBC regime.

However, the inspection also identified several areas needing improvement.

The circulating ad even featured a government Dep’t logo.

On a year-on-year basis, it climbed 12.2%.

The first joint operation led to the arrest of a broker and a referrer.

The report outlined the authority’s initiatives in the past year, including passing the Insurance (Amendment) Bill 2023.

However, the public is still encouraged to make use of off-site services.