What Hong Kong Insurance Authority - Risk-based Capital (RBC) Regime for Authorised Insurers (Insurance (Amendment) Ordinance 2023; commenced 1 July 2024) requires
Hong Kong's Risk-based Capital (RBC) regime under the Insurance (Amendment) Ordinance 2023 and its subsidiary RBC Rules, which commenced on 1 July 2024, requires authorised insurers to establish and maintain a comprehensive risk-based capital adequacy and risk management system across a three-pillar approach: quantitative requirements, governance, and public disclosure. An insurer's capital base must be not less than each of the Prescribed Capital Amount (PCA), the Minimum Capital Amount (MCA), and HK$20,000,000. Insurers must implement a robust governance framework, including a clear organizational structure, effective risk management, and internal control systems.
Pillar: Insurance & Risk · Authority: Hong Kong Insurance Authority (IA) · Version: 1.1.0 · Last updated:
Primary source: https://www.ia.org.hk/en/infocenter/press_releases/20240701.html
SHA-256 integrity: 4767cf1f0a0d715c2fe8f6daa722cd88eb39f96d4e15bcab7fa7452d295ef76d
Primary Citations — 6 traced to source
- Insurance (Amendment) Ordinance 2023 (Hong Kong) - introduces the Risk-based Capital (RBC) regime for authorised insurers
- Insurance Authority RBC regime, commenced 1 July 2024 - capital base must be not less than each of the Prescribed Capital Amount (PCA), the Minimum Capital Amount (MCA), and HK$20,000,000
+ 4 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/hong-kong-ia-prudential-standards-insurers-2023.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/hong-kong-ia-prudential-standards-insurers-2023.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/hong-kong-ia-prudential-standards-insurers-2023
- Back to registry: Browse all 10,085 compliance nodes