... insurance policies with single or annualised premiums at or above $100,000, policy holders will pay only $403 at most per policy year. For general insurance policies with annual premiums at or above $5 million, the cap will be $2,000 per policy year. Details of the levy rates and caps are set out...

... prudential regulations, we have set out to enhance on the corporate governance of insurers and laid the groundwork for the introduction of a Risk- based Capital Regime to strengthen the regulatory infrastructure. We are also working closely with the Government to set up a Policy Holders’ Protection Scheme...

..., Participation in the First Quantitative Impact Study (QIS 1) for the Development of the Risk-based Capital (RBC) Regime I write to enlist your support in participating in QIS 1 and submission of data as set out in the enclosed templates. Following the Consultation Conclusions on the RBC framework1 issued in...

... unprecedented opportunities, the Insurance Authority (“IA”) set up the Belt and Road Insurance Exchange Facilitation (“BRIEF”) in December 2018 to pool together key stakeholders to unleash synergies in exploiting prospects arising from BRI. BRIEF leaflet Please...

... – Collection of CDD Information/ Documents (Cont’d) 19 Findings: Policyholders’ financial status evidence (e.g. income/ assets proofs) not required for insurance policies reaching a high premium amount (e.g. premium amount threshold set over HKD6M in some cases) Premium threshold set by most insurers only on a...

... – Collection of CDD Information/ Documents (Cont’d) 19 Findings: Policyholders’ financial status evidence (e.g. income/ assets proofs) not required for insurance policies reaching a high premium amount (e.g. premium amount threshold set over HKD6M in some cases) Premium threshold set by most insurers only on a...

... – Collection of CDD Information/ Documents (Cont’d) 19 Findings: Policyholders’ financial status evidence (e.g. income/ assets proofs) not required for insurance policies reaching a high premium amount (e.g. premium amount threshold set over HKD6M in some cases) Premium threshold set by most insurers only on a...

... effectiveness in administering and enforcing the insurance laws of their respective jurisdictions, have reached the following understanding: Definitions 2. For the purposes of this Memorandum of Understanding, the terms set out below have the assigned meanings unless the context requires otherwise: Authority...

... raised here, even I have not set foot on more than 10 Asian countries, let alone 1 Mr Gary Comerford, Chairman, PIC Advisory Council 2 Mr Guy Mills, Chief Executive Officer, Manulife (International) Limited advising on their business potential. So how does one go about exploring this region? My...

... effectiveness in administering and enforcing the insurance laws of their respective jurisdictions, have reached the following understanding: Definitions 2. For the purposes of this Memorandum of Understanding, the terms set out below have the assigned meanings unless the context requires otherwise: Authority...