Objective

Founding President Mr. Y.K.Chan in the meeting (March 29,1973)

History of LUAHK

Inaugurated in 1973, the Life Underwriters Association of Hong Kong Ltd. (LUAHK) is a voluntary organisation of professional insurance intermediaries destined for professional development of the insurance services for the community of Hong Kong. Today we have over 8,500 members - the greatest organisation of insurance intermediaries in Hong Kong.

The aim of the association is to enhance and uphold the professional and ethics standard of the life insurance practitioners through the enactment of code of conducts and ethics for its members, education programs and active participation in the policy making for the development of the industry.

In the past 30 years, LUAHK organized various seminars, conventions, workshops and education programs, such as LUTCF Sales Training Program and Chartered Financial Practitioners, etc. to uphold the professional standards of insurance practitioners in financial and business sectors.

Besides, the launch of Distinguished Manager Award and Distinguished Agent Award (DMA DAA) in 1993 to recognize the outstanding performance of insurance elites was widely received and recognized by insurance companies and the public.

For external affairs, LUAHK was invited to represent the life insurance intermediaries to participate in the Insurance Agents Registration Board (IARB) for administration of the insurance agents registration policy in 1993 and the implementation of Insurance Intermediaries Quality Assurance Scheme (IIQAS) in 1999. Through the delegates of the association, we have ensured the concerns and interest of our members are expressed and protected. The Professional Practice team set up in 2003 focused on communications with the government and related associations. The main responsibilities were to fight for the best interest of insurance practitioners and to provide professional advice on registration issues

Mr. Tony Mak gave away the souvenir to organizing committee of the 4th APLIC

In 1998, LUA Foundation Ltd, a government approved charitable foundation, was set up for effective and efficient operation of charitable functions of the life insurance industry. Over the past years, charitable activities organized by LUAHK and LUA Foundation included, Blood Donation Day, Elderly visit, etc. Since the establishment of LUA Foundation, a total sum of HK$1,770,000 was donated to “World Vision Hong Kong”, “The Hong Kong Polytechnic University” and “The Spastic Association of Hong Kong”, etc. In 2002, a SARS Fund was set up to help members infected by SARS and a fund raising project for sufferers of Tsunami in Asia Countries in 2004 finally raised over HK$1,400,000 to UNICEF.

A LifeCare education program, namely “LifeCare Movement” was first launched in January 2005 with an aim to embody the core value of life insurance and secure sustainable funding for charitable organizations. In the same year, LUA was greatly honored to have Mrs. Anson Chan, GBM, GCMG, CBE, JP to be the first Patron.