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Hong Kong financial bodies unite to raise standards

16 Jul 15

Two major financial organisations in Hong Kong have merged to help strengthen professionalism within the region’s insurance and financial services market.

Two major financial organisations in Hong Kong have merged to help strengthen professionalism within the region's insurance and financial services market.

The Insurance Institute of Hong Kong (IIHK) has now merged with the region’s Chartered Insurance Institute (CII), offering an “enhanced membership” proposition to members of both organisations.

The alliance combines the global reputation of the CII – which has around 2,000 members in Hong Kong – with the local relevance and market relationships of IIHK.

The CII plans to boost its engagement with the Hong Kong insurance and financial services market by establishing a new advisory council designed to help financial services professionals comply with local regulatory requirements.

Existing CII members will now gain access to professional development events in the region. Access to professional qualifications for brokers, insurers and reinsurers will also be improved. 

The two bodies are currently in the process of approving the merger, which is expected to be completed in August.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.