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.
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