Year 2007 - Critical Success Factors

Mr Michael Huddart is the Chairman of the Hong Kong Federation of Insurers. He has over 28 years of practical experience in the life insurance and pension consulting fields, and has held many leadership positions. He is Executive Vice President and General Manager, Hong Kong, Manulife (International) Limited (MIL) and Chief Executive of Manulife Asset Management (Hong Kong) Limited. The Hong Kong Federation of Insurers (HKFI) extends heartiest congratulations to the Hong Kong Chamber of Insurance Intermediaries (HKCII) on the publication of its yearbook 2007. CEPA 4 permits the setting up of an examination centre in Hong Kong for the Mainland qualifying examinations for insurance intermediaries. At the same time it allows local Hong Kong insurance agency companies to set up wholly-owned enterprises in the Mainland to provide insurance agency services to the Mainland insurance companies. The HKFI is supportive to any initiatives which help strengthening exchange and mutual understanding between the Mainland and the Hong Kong insurance industries. CEPA 4 not only provides new business opportunities for insurance intermediaries, it also enables them to acquire first-hand experience in the Mainland insurance market. Having in mind our firm commitment to working hand in hand with our intermediaries for the continued advancement of our industry, the HKFI has set up a mechanism to facilitate insurance agencies to enjoy the treatment under CEPA 4. We provide a letter to confirm the registration status of those insurance agencies that wish to apply for a Hong Kong Service Supplier Certificate from the Trade and Industry Department of Hong Kong. The HKFI is actively looking for further opportunities to advance and promote the common interests of insurers and insurance intermediaries. In this respect, we look forward to working closely with the HKCII in contributing to the overall vitality and the prosperous development of the insurance industry. Michael Huddart Chairman The Hong Kong Federation of Insurers from the Hong Kong Federation of Insurers Message