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China BOCOM Insurance Co., Ltd., with approval from the People's Bank of China, China Insurance Regulatory Commission and the Office of the Commissioner of Insurance in Hong Kong Special Administrative Region, was established in Hong Kong in November 2000 and was authorized to provide various kinds of general insurance products and services to the customers. China BOCOM Insurance Co., Ltd. is wholly owned by Bank of Communications Co., Ltd. with authorized and paid-up capital of HK$400,000,000 for future business expansion.... Read More

►Collection of premium levy to take effect on 1 January 2018
From 1 January 2018, the Insurance Authority (IA) will start collecting a premium levy from policy holders in accordance with the law. The levy rate will start at 0.04% of the insurance premium per policy year and increase gradually to 0.1%. The amount of the levy imposed on each policy will be subject to a cap.
Except for certain policies exempt from the levy by law, policy holders of all new or in-force life insurance policies and general insurance policies (such as travel, motor, property and household insurance) must pay the levy along with their premium payment. The IA will collect the levy from policy holders via the insurance companies.
For more details, please visit IA websitewww.ia.org.hk/en/levy

► Maximum daily rates of reimbursable medical expenses increased for employees injured at work and occupational disease sufferers
At the Legislative Council meeting held on 1 February 2018, the Legislative Council passed two resolutions to increase the maximum daily rate of reimbursable medical expenses for in-patient or out-patient treatment under the ECO and the PMCO from $200 to $300 and the maximum daily rate of reimbursable medical expenses for in-patient and out-patient treatment received on the same day from $280 to $370.This places an additional liability upon all employers effective from 9 February 2018.
(For more details, Please visit the website www.labour.gov.hk )

► On 18 August 2017, A.M. Best announced its annual review result of our credit rating and reaffirmed that the credit rating of our company maintained unchanged.
The current rating on financial strength rating (FSR) is A-(Excellent) and the issuer credit rating (ICR) is "a-"with stable outlook.

► China BOCOM Insurance has obtained the ISO9001 certification since year 2006 and has passed the ISO audit examination in Oct. 2017.
Through ISO processing, we strive to deliver the best quality of insurance products and services to our customers

► Outbound Travel Alert (TOA)
For more details, Please visit the website www.sb.gov.hk/eng/ota/.