... responses, however, indicated support for the higher amount of $500,000. Other respondents suggested that the minimum levels should be increased but to a lower amount, for example $200,000 or $250,000. 14. One respondent pointed out that certain insurance broker companies did not hold client monies, the...

... responses, however, indicated support for the higher amount of $500,000. Other respondents suggested that the minimum levels should be increased but to a lower amount, for example $200,000 or $250,000. 14. One respondent pointed out that certain insurance broker companies did not hold client monies, the...

... responses, however, indicated support for the higher amount of $500,000. Other respondents suggested that the minimum levels should be increased but to a lower amount, for example $200,000 or $250,000. 14. One respondent pointed out that certain insurance broker companies did not hold client monies, the...

... 4.6 Policy Administration 4/4 4.7 Claims 4/5 4.8 Reinsurance 4/6 4.9 Actuarial Support 4/7 4.10 Accounting and Investment 4/8 4.11 Training and Development 4/8 5. STRUCTURE OF HONG KONG INSURANCE INDUSTRY 5/1 5.1 Types of Insurance Business 5/1 5.1.1 Statutory Classification of Insurance 5.1.2...

... 4.5 Underwriting 4/4 4.6 Policy Administration 4/4 4.7 Claims 4/5 4.8 Reinsurance 4/6 4.9 Actuarial Support 4/7 4.10 Accounting and Investment 4/8 4.11 Training and Development 4/8 5. STRUCTURE OF HONG KONG INSURANCE INDUSTRY 5/1 5.1 Types of Insurance Business 5/1 5.1.1 Statutory Classification of...

... more information or, if appropriate, a more detailed proposal. (ii) The Basic Plan Illustration in Section 3a and Section 3b (optional) relates to your Basic Plan excluding any riders or additional benefits as shown in Section 2 (if applicable). It assumes that all premiums are paid in full as planned...

... necessary in order to assess the potential impact on the insurer’s risk profile. For overseas material outsourcing, the IA may also communicate with the home or host regulator of the insurer and the service provider to seek clarification or confirmation on relevant issues as considered necessary. 6.3. After...

... concept adopted from software development world • To test technological proof of concept prior to a full-scale public release --> Iterative process to amend and improve based on feedback • In a regulated industry, insurers and start-ups find the iterative approach difficult, especially in gaining real...

... concept adopted from software development world • To test technological proof of concept prior to a full-scale public release --> Iterative process to amend and improve based on feedback • In a regulated industry, insurers and start-ups find the iterative approach difficult, especially in gaining real...