Latest by Andrew Carpenter

Blog

Tax incentives for HK Insurance market

Published on 24 July 2020. By Andrew Carpenter, Partner

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First proposed in December last year, the Hong Kong Legislative Council has now passed a measure that will reduce profits tax on several insurance businesses.

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Publication

Lessons from Lockdown - Conducting AGMs in Hong Kong

Published on 18 June 2020. By Andrew Carpenter, Partner and Yvonne Tang, Senior Associate

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Blog

New virtual insurer for Hong Kong

Published on 29 April 2020. By Andrew Carpenter, Partner

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This month saw the award of a further virtual insurer licence in Hong Kong – this time for OneDegree (on 15 April 2020). The start-up will focus, initially, on the burgeoning Hong Kong pet insurance market, before a proposed expansion into health and cyber risk.

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Blog

Tax breaks to promote insurance sector

Published on 06 April 2020. By Antony Sassi, Managing Partner, Asia and Andrew Carpenter, Partner

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On 30 March 2020 the Financial Services Development Council (FSDC) published its paper “Insuring Hong Kong’s Future –Tax Recommendations to Enhance and Grow Hong Kong’s Insurance Industry”. This is a further step taken by the FSDC to enhance the competitiveness of the Hong Kong insurance market as a key global risk management centre and regional insurance hub. The several proposed tax measures would extend to both (re)insurance companies, brokers and individual policyholders.

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Blog

Hong Kong insurance regulation update - Regulator Codes of Conduct for Brokers and Agents

Published on 06 September 2019. By Andrew Carpenter, Partner

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With effect from 23 September 2019, the independent Hong Kong Insurance Authority (the IA) will take over regulation of insurance intermediaries from the three existing self-regulatory organisations (the Hong Kong Confederation of Insurance Brokers, the Professional Insurance Brokers Association, and Insurance Agents Registration Board) and administer a new statutory licensing regime.

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