The Insurance Authority is an insurance regulator independent of the Government. It modernises the regulatory infrastructure to facilitate the stable development of the Hong Kong insurance industry, it provides better protection for policy holders, and it complies with the requirement of the International Association of Insurance Supervisors (Insurance Authority, n.d.).

References:

Insurance Authority. (n.d.). History. Retrieved from https://www.ia.org.hk/en/aboutus/role/history.html