Mondaq All Regions - Hong Kong: Insurance
Clyde & Co
On 3 March 2017, the Financial Services Development Council (the "Council") issued an important report, titled: "Turning Crisis into Opportunities: Hong Kong as an Insurance Hub with Development Focuses on Reinsurance, Marine and Captive" (the "Report").
Mayer Brown JSM
2017 brings a new and modernised set of corporate governance standards to authorised insurers in Hong Kong.
GuernseyFinance
Captives are certainly going to be at the forefront of innovation in Asia's insurance market and Guernsey is proud to be recognised as a centre of excellence in this area.
Mayer Brown JSM
The Plaintiff, a lawful visitor of a fitness centre operated by the Defendant, slipped, and fell, while walking towards the shower room area of the said fitness centre, leading to injuries in the left wrist.
Mayer Brown JSM
On 10 July 2015, the Insurance Companies (Amendment) Ordinance 2015 was enacted bringing Hong Kong into a new era of insurance regulation.
Mayer Brown JSM
This legal update briefly summarises the recent guidelines issued by the OCI and HKMA: OCI Guidance Note 16 on Underwriting Long Term Insurance Business ("GN16") and HKMA Circulars: (i) Selling of Life Insurance Products dated 4 August 2015 and (ii) Selling of Non-Linked Long Term Insurance Products dated 8 December 2014.
Mayer Brown JSM
Section 13 of the Married Persons Status Ordinance Cap 182 (MPSO) of Hong Kong creates a statutory trust in favour of beneficiaries who are the spouse or children of the life insured.
Mayer Brown JSM
In the UK Supreme Court's judgment of Plevin v. Paragon Personal Finance Limited UKSC 61, it was held that the failure to disclose a commission of 71.8 percent made the consumer contract unfair.
Mayer Brown JSM
In the recent case of Possehl Electronics Hong Kong Limited v. China Taiping Insurance (HK) Co. Ltd, the plaintiff appealed against the judgment of the Court of First Instance dated 19 December 2013.
Clyde & Co
To celebrate the countdown to Christmas, the Corporate Insurance team will be publishing a prediction for 2015 each day.
Norton Rose Fulbright Australia
If passed, the Contracts (Rights of Third Parties) Bill will have a wide impact on the Hong Kong insurance industry.
Mayer Brown JSM
A marine insurance dispute that ascends to Hong Kong’s Court of Final Appeal is both a rarity and a matter of international legal interest.
Mayer Brown JSM
The Third Party (Rights Against Insurers) Ordinance Cap 273 (TPRAI) in Hong Kong allows third parties to claim against the wrongdoer’s liability insurer in the event of insolvency.
Mayer Brown JSM
In the near future, Hong Kong will have a new insurance regulator which is financially and operationally independent from the government – the Independent Insurance Authority.
Mayer Brown JSM
The English Courts have held that insurers are not entitled to reject a blanket notification filed by an insured.
Mayer Brown JSM
In a recent judgment in the case of Chan Chuen Ping v. The Commissioner of Police (HCMP 2741/2013), the Court of First Instance held that the police are obliged to provide a potential claimant in civil actions with information of the tortfeasor upon the request of the potential claimant.
Mayer Brown JSM
Insurance fraud, false information, claims, life insurance policy
Mayer Brown JSM
The Court of Appeal in China Ping An Insurance Company Limited v. Tsang Fung Yin Josephine and Mohammad Taj found that the terms and conditions in a third party motor insurance policy had been incorporated into the interim contract of insurance covering the time of accident, notwithstanding the formal policy had not been delivered to the insured.
Mayer Brown JSM
The Court of Appeal in Hua Tyan Development Limited v. Zurich Insurance Company Limited [2012] 5 HKC 117 unanimously held that the insurer should not be presumed to have knowledge of matters that it could have discovered from public resources.
Mayer Brown JSM
In Moulin Global Eyecare Holdings Limited (In Liquidation) v. Olivia Lee Sin Mei, the Court of Appeal dismissed the plaintiff's appeal for an order that the defendant disclose her insurance policy despite the fact it was referred to in her affidavit.
Most Popular Recent Articles
Clyde & Co
On 3 March 2017, the Financial Services Development Council (the "Council") issued an important report, titled: "Turning Crisis into Opportunities: Hong Kong as an Insurance Hub with Development Focuses on Reinsurance, Marine and Captive" (the "Report").
Mayer Brown JSM
2017 brings a new and modernised set of corporate governance standards to authorised insurers in Hong Kong.
Mayer Brown JSM
This legal update briefly summarises the recent guidelines issued by the OCI and HKMA: OCI Guidance Note 16 on Underwriting Long Term Insurance Business ("GN16") and HKMA Circulars: (i) Selling of Life Insurance Products dated 4 August 2015 and (ii) Selling of Non-Linked Long Term Insurance Products dated 8 December 2014.
Mayer Brown JSM
On 10 July 2015, the Insurance Companies (Amendment) Ordinance 2015 was enacted bringing Hong Kong into a new era of insurance regulation.
Mayer Brown JSM
The Plaintiff, a lawful visitor of a fitness centre operated by the Defendant, slipped, and fell, while walking towards the shower room area of the said fitness centre, leading to injuries in the left wrist.
Mayer Brown JSM
Section 13 of the Married Persons Status Ordinance Cap 182 (MPSO) of Hong Kong creates a statutory trust in favour of beneficiaries who are the spouse or children of the life insured.
GuernseyFinance
Captives are certainly going to be at the forefront of innovation in Asia's insurance market and Guernsey is proud to be recognised as a centre of excellence in this area.
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