... Counter-Terrorist Financing Ordinance (Cap.615) (“the AMLO”) The AMLO creates the statutory obligations in relation to customer due diligence and record-keeping on specified financial institutions, which include insurance institutions carrying on or advising on long term business, and designated...

... in-force business was $325.4 billion in the first three quarters of 2017, with a year-on-year increase of 11.6%. Revenue premiums of Individual Life and Annuity (Non-Linked) business increased by 13% to $280 billion, while those of Individual Life and Annuity (Linked) business increased by 12.2% to $23.4...

... insurers, Guideline on Underwriting Long Term Insurance Business (Other Than Class C Business) (GL16) requires insurers to publish the fulfillment ratio of non-guaranteed benefits for participating policies. This demonstrates the insurer’s record of meeting its forecast up to that period. The...

... (Percentage figures shown in brackets represent year-on-year changes) Long term business Total revenue premiums of in-force long term business were $139.1 billion in the first quarter of 2021 (decreased by 5.2%), mainly comprising $113.3 billion from Individual Life and Annuity...

... the first half of 2021, showing a decline of total gross premiums by 2.2% to $307 billion over the corresponding period of 2020, resulting again from the premium payment pattern embedded in some short-term endowment products. (Percentage figures shown in brackets represent year-on...

... disruptions. This evasive and capricious pandemic is posing an arduous test on our resolve and resilience. Although the insurance industry could not be spared from the negative impact of restricted passenger movements and social distancing, we have witnessed some positive responses. Many insurers are revamping...

... and capricious pandemic is posing an arduous test on our resolve and resilience. Although the insurance industry could not be spared from the negative impact of restricted passenger movements and social distancing, we have witnessed some positive responses. Many insurers are revamping their product...

... to our office in Wong Chuk Hang. Although it is quite a distance from the central business districts where most of your offices are situated, I believe you would all appreciate that it is after all not too bad a choice for office location; especially it is a rather peaceful neighbourhood on the Hong...

... and capricious pandemic is posing an arduous test on our resolve and resilience. Although the insurance industry could not be spared from the negative impact of restricted passenger movements and social distancing, we have witnessed some positive responses. Many insurers are revamping their product...

... to our office in Wong Chuk Hang. Although it is quite a distance from the central business districts where most of your offices are situated, I believe you would all appreciate that it is after all not too bad a choice for office location; especially it is a rather peaceful neighbourhood on the Hong...