... appointment as a new Non-Executive Director (NED) of the IA and the seven incumbent NEDs on their reappointments: Mr Samuel Chan Ka-yan, Professor Chan Wai-sum, Ms Chitty Cheung Fung-ting, Mr Kenneth Kwok Tsun-wa, Mr Ma Ho-fai, Mr James Wong Chien-kuo and Mr Stephen Yiu Kin-wah. Established in...

...;building structure” under the fire insurance policy. It turned out that Mrs. Chan had replaced the window with a new one when she renovated her flat two years earlier, so the window was considered to be an “interior decoration”. Mrs. Chan had not purchased any home insurance, so the cost...

... America) (item 27) Jama'at al-Tawhid wa'al-Jihad (JTJ) (item 78) You should review your records carefully to see whether you have had, or currently have, accounts, transactions or dealings with the named individuals or entities. If such review reveals any suspicious accounts...

... business. The underwriting result stayed relatively flat, compared with the corresponding period of last year and recorded a loss of $132 million. A summary of the provisional statistics is provided at annex, and details could be obtained at the IA website. Ends ...

... and Annual Fees for Designated Insurance Holding Companies) Regulation (Cap. 41N) The designation fee and an annual fee payable by a designated insurance holding company are set at a flat rate of 0.0026% of the group insurance liabilities of the DIHC, with a fee...

... gross premiums of Accident & Health business fell 2.3%, within which the Medical subclass stayed flat and the Non-medical subclass tumbled by 20.8% as outbound travel remained hampered. Direct business generated an overall underwriting profit of $1,336 million (decreased by 19.1%) as the...

... covers the loss of household possessions and third-party liability for policyholders and their household members. What factors determine home insurance premiums? In general, the home insurance premium is determined by the gross floor area of a residential flat and building age....

... be calculated at a flat rate of 0.0026% of the group insurance liabilities of the DIHC, with a fee payable subject to a floor of HK$10 million and a ceiling of HK$60 million. Pro-rata calculation of the amount of the designation fee where the date of designation of the DIHC is not 1 April is also...

... worsening claims experience. Goods Carrying Vehicles represented 20.3% of total GWP of direct MV business in 20194. Performance of Comprehensive cover remained relatively flat, with a combined ratio of around 103.1% to 106.6% in the past three years. While the performance for Third Party cover was volatile...