... payment of total gross claims was $30 billion (decreased by 4.5%). The overall underwriting profit recorded an increase from $2 billion to $4.2 billion. On direct business, the gross and net premiums were $47.1 billion (increased by 2.1%) and $33.2 billion (increased by 0.5%) respectively. The...

... 1 Asian Insurance Forum 2020 “Spearheading Change for a Sustainable and Resilient Future” 8 December 2020 Welcome Remarks by Dr Moses Cheng Chairman of the Insurance Authority The Hon Chief Executive, Mr Dixon1, friends and colleagues, ladies and gentlemen, good morning! On behalf of the Hong Kong...

... Process Review Panel for Insurance Authority The Process Review Panel (“PRP”) is an independent non-statutory body set up by the Government to review and advise on adequacy of internal procedures and operational guidelines formulated by the...

... GL30 GUIDELINE ON FINANCIAL NEEDS ANALYSIS Insurance Authority Contents Page 1. Introduction……………………………………………….. 1 2. Interpretation……………………………………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………..…………………………… 2 4. Scope of Application……………………………...……… 3 5. Purpose...

... GL30 GUIDELINE ON FINANCIAL NEEDS ANALYSIS Insurance Authority Contents Page 1. Introduction……………………………………………….. 1 2. Interpretation……………………………………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………..…………………………… 2 4. Scope of Application……………………………...……… 3 5. Purpose...

... GL30 GUIDELINE ON FINANCIAL NEEDS ANALYSIS Insurance Authority Contents Page 1. Introduction……………………………………………….. 1 2. Interpretation……………………………………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………..…………………………… 2 4. Scope of Application……………………………...……… 3 5. Purpose...

... enhance the audience’s understanding of the topic and refers to certain requirements of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”) and the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) published by the Insurance Authority (“IA”), it provides...

... enhance the audience’s understanding of the topic and refers to certain requirements of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”) and the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) published by the Insurance Authority (“IA”), it provides...

... GL21 I am writing to inform you that the Prescribed Scenarios for general insurance business (“Prescribed Scenarios”) in relation to Guideline on Enterprise Risk Management (GL21) has been published today as enclosed (See Appendix 1). The Prescribed Scenarios shall be adopted for the first Own Risk and...

... GL21 I am writing to inform you that the Prescribed Scenarios for general insurance business (“Prescribed Scenarios”) in relation to Guideline on Enterprise Risk Management (GL21) has been published today as enclosed (See Appendix 1). The Prescribed Scenarios shall be adopted for the first Own Risk and...