24/02/2026 | 1 minute read
MyPace Life Limited Receives Full Authorization from Hong Kong Insurance Authority
Important Notice: Hong Kong Authorization
MyPace Life Limited (“MyPace Life” or “the Company”) has received full authorization from the Hong Kong Insurance Authority (“HKIA”) to carry on long-term insurance business in Hong Kong.
The Company received its Certificate of Authorization from the HKIA on 24 February 2026, following approval-in-principle granted also by the HKIA on 25 August 2025. MyPace Life is authorized under Section 8 of the Insurance Ordinance (Cap. 41) to carry on the following classes of long-term insurance business:
- Class A: Life and annuity
- Class C: Linked long term
- Class D: Permanent health
- Class G: Retirement scheme management category I
- Class H: Retirement scheme management category II
- Class I: Retirement scheme management category III
What this means for Policyholders
As a fully authorized insurer, MyPace Life operates under the complete supervision and regulatory oversight of the Hong Kong Insurance Authority. All policies under our management are protected by Hong Kong’s insurance regulatory framework, which includes:
- Strict capital adequacy requirements
- Regular financial and operational supervision by the HKIA
- Compliance with all Hong Kong insurance laws and regulations
MyPace Life is committed to providing a better experience for policyholders via integrating technology into policyholders services.
About MyPace Life Limited
MyPace Life Limited is a life insurance company authorized by the Hong Kong Insurance Authority to conduct portfolio transfers pursuant to Section 24 of the Insurance Ordinance (Cap. 41). MyPace Life Limited is specialized in receiving portfolio transfers from other Hong Kong based life insurers, providing tailored administrative solutions for in-force policyholders and customers.
In addition, selected Hong Kong insurers outsource certain policy services to MyPace Life Limited pursuant to the Hong Kong Insurance Authority’s Guideline on Outsourcing (GL14). This allows MyPace Life Limited to provide policy administration and customer service support, including customer enquiry handling, transaction processing, claims handling, and ongoing operational support.
Learn more about us at mypace.life and about our shareholders at asiainsurance.hk and pace.li. Alternatively, contact us directly using the details provided on this website.