The Insurance Authority (IA) is an insurance regulator established under the Insurance Ordinance (Cap. 41). The principal function of IA is to regulate and supervise the insurance industry for the promotion of the general stability of the insurance industry and for the protection of existing and potential policy holders.
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If you’re interested in working at Insurance Authority, understanding when they have opened up applications for their graduate programs, graduate jobs and internships is helpful knowledge to have so you know when you might need to apply. Use the below information to see when Insurance Authority hires graduates, but more importantly what graduate degree’s and other student attributes they target for their jobs.
The Insurance Authority (IA) is an insurance regulator established under the Insurance Ordinance (Cap. 41). The principal function of IA is to regulate and supervise the insurance industry for the promotion of the general stability of the insurance industry and for the protection of existing and potential policy holders. IA took over the supervision of insurance intermediaries from the three Self-Regulatory Organizations (SROs) in September 2019 and has become the sole regulator for granting licences and setting conduct requirements for insurance intermediaries in Hong Kong.
The three SROs are the Insurance Agents Registration Board established under The Hong Kong Federation of Insurers, The Hong Kong Confederation of Insurance Brokers and Professional Insurance Brokers Association.
- To provide opportunities for fresh or recent graduates with high potential to gain exposure in the various functions of an insurance regulator and the insurance industry, and cultivate a career interest and aspiration in the insurance sector
- To develop the graduates for building an all-round and competent in-house talent pool to assume managerial positions within the Insurance Authority (“IA”)
Final year students or recent graduates with a bachelor's degree, preferably in finance, economics, accounting, actuarial science, insurance or business administration with good academic results (with predicted upper second-class honours or above) and possessing the following qualities:
- Genuine passion to pursue a career in public service and/or insurance sector
- A team player with leadership potential
- Strong analytical and communication skills and self-motivated
- Excellent command of written and spoken English and Chinese (preferably including Putonghua)
Training period of 3 years
(Training period may be accelerated to 2 years for trainees with outstanding calibre)
Please visit Management Trainee Scheme for details of the Scheme.