Three insurance brokerage companies were reprimanded by the Insurance Authority of Hong Kong and fined 429,000 Hong Kong dollars.

The Insurance Authority of Hong Kong has announced that it has issued condemnations and fines totaling HK$429,000 to three licensed insurance brokerage companies, as well as condemning three individuals associated with them. Specifically, the three insurance brokerage companies are Allianz Global Investors Limited, Far East International Wealth Management Limited, and Sinoway International Insurance Brokers Limited.