Market participants
Insurers carry risk; agents/brokers/representatives connect clients; reinsurers spread large exposures; actuarial, claims and compliance support operations. Map roles before memorising statute names.
Regulatory logic (study layer)
The Insurance Authority (IA) is a core Hong Kong regulator, focused on prudential soundness, market conduct and policyholder protection. Licence classes, codes and penalties must be verified in the latest official texts—this page only frames why regulation exists.
Study tips
- Memorise prudential oversight separately from sales-conduct oversight