... Underwriting Profit/(Loss) Annual Wage Contract Value 1 10,328 9,185 8,152 2,381 2,057 6,326 5,018 3,740 62 1,092 1,201 407,260 2 2,006 1,897 1,671 296 265 1,236 1,236 1,964 0 151 (709) 221,802 3 246,941 222,730 187,836 53,844 47,318 95,194 90,071 103,286 568 34,790 1,874 49,831,709 4 12,771 10,477 8,378 2,200...
https://www.ia.org.hk/english/infocenter/statistics/files/3q18gen.pdf -
Date: 2020-03-16
... approval is required for appointment of controllers as defined under section 13A(12)(a)(ii)) (Form A in Schedule 4) Shareholder controller (Note: changes in shareholder controllers to whom section 13B applies are subject to IA’s no objection) (Form A/B in Schedule 5) X (Note: changes in shareholder...
https://www.ia.org.hk/english/legislative_framework/files/GL4.pdf -
Date: 2020-09-24
..., if applicable, where the guaranteed annuity portion should not be less than the Minimum Guaranteed Portion shown in the table below: Minimum Guaranteed Portion x < 30 70% 30 ≤ x < 40 60% x ≥ 40 50% Where x = total number of years between (i) the commencement of accumulation period (i.e. premium...
https://www.ia.org.hk/english/legislative_framework/files/GL19.pdf -
Date: 2020-09-24
..., if applicable, where the guaranteed annuity portion should not be less than the Minimum Guaranteed Portion shown in the table below: Minimum Guaranteed Portion x < 30 70% 30 ≤ x < 40 60% x ≥ 40 50% Where x = total number of years between (i) the commencement of accumulation period (i.e. premium...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL19.pdf -
Date: 2019-11-29
... Participating Policies, it states that benefits under Pessimistic Scenario are based on a decrease of about x% p.a. whereas benefits under Optimistic Scenario are based on an increase of about y% p.a. in comparing with the current assumed investment return. Please elaborate a bit more...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/7.Q_and_A_on_GNs_on_Illustration_Document.pdf -
Date: 2019-12-20
... be illustrated higher than the customer’s age at one-hundred (100) or the maturity of the policy, whichever is applicable. Besides, the last few rows should be illustrated by “at age 90”, “at age 95” and “at age 100" to make it easier for customers to understand. 3.3 The notes to illustration should...
https://www.ia.org.hk/english/legislative_framework/files/GL28_English.pdf -
Date: 2020-09-24
... be illustrated higher than the customer’s age at one-hundred (100) or the maturity of the policy, whichever is applicable. Besides, the last few rows should be illustrated by “at age 90”, “at age 95” and “at age 100" to make it easier for customers to understand. 3.3 The notes to illustration should...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Benefits_illustration.pdf -
Date: 2020-06-24
... be illustrated higher than the customer’s age at one-hundred (100) or the maturity of the policy, whichever is applicable. Besides, the last few rows should be illustrated by “at age 90”, “at age 95” and “at age 100" to make it easier for customers to understand. 3.3 The notes to illustration should...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL28.pdf -
Date: 2019-11-29
... after the valuation date, in determining its liabilities: Proposed Formula Yield Assumed = 20% x Yield at Valuation Date + 80% x 60-Month Average Yield Where: Yield Assumed = yield assumed on investments to be made more than 3 years after the valuation date (to be used for the purposes of determining...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_23032020.pdf -
Date: 2020-06-15
... after the valuation date, in determining its liabilities: Proposed Formula Yield Assumed = 20% x Yield at Valuation Date + 80% x 60-Month Average Yield Where: Yield Assumed = yield assumed on investments to be made more than 3 years after the valuation date (to be used for the purposes of determining...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Circular_23032020.pdf -
Date: 2020-12-21