... September 2015, we had identified a number of technical issues for further deliberations. From November 2016 to mid-2017, we actively engaged with a number of representatives of the Hong Kong Federation of Insurers (“HKFI”) and the Actuarial Society of Hong Kong through four Industry Focus Groups (IFGs)2...

... Microsoft Word - Life Insurance Policy_e Life Insurance Policy Replacement – What you need to know 2 Introduction Life insurance, unlike general insurance, involves a longer policy period. You will normally suffer losses if you surrender an existing life insurance policy, particularly during the...

... Insurance Intermediaries Qualifying Examination – Paper II P 1 of 3 Candidates are recommended to study the 2018 Edition of the Study Notes (with Update (August 2019)) for examinations to be held from 2 December 2019 onwards. Insurance Intermediaries Qualifying Examination – Paper II Syllabus for...

... 2q21gen.xlsx (港幣千元) (HK$'000) 毛保費 淨保費 滿期保費 淨額 須付的佣金 毛額 須付的佣金 淨額 已償付申索 毛額 已償付申索 淨額 已承付申索 淨額 未過期風險 調整 管理開支 承保利潤 / (虧損) Gross Premiums Net Premiums Net Earned Premiums Gross Commissions Payable Net Commissions Payable Gross Claims Paid Net Claims Paid Net Claims Incurred Unexpired Risks Adjustment...

... within the next business day of receipt. 4.2 When receiving mixed remittance, i.e. part client monies and part other monies (e.g. commission), in one payment, deposit the full amount into the client accounts. 4.3 Hold own monies of the insurance brokers in client accounts ONLY when the monies are:- (a...

... operation in full in 2024.   Insurance (Amendment) (No.2) Ordinance 2020 The Insurance (Amendment) (No.2) Ordinance 2020 ("the Amendment No.2 Ordinance 2020") was passed by the Legislative Council on 17 July 2020. Under the Amendment No. 2 Ordinance...

... framework develops a more risk-sensitive capital adequacy framework. The capital requirements for an insurance company are determined in relation to the level of risk that the company is bearing. Q2 Why is the IA proposing an RBC framework for the insurance industry of Hong Kong? A2 In recent years, it has...

... Net Claims Paid Net Claims Incurred Unexpired Risks Adjustment Management Expenses Underwriting Profit/(Loss) 8,455,866 6,610,029 5,526,375 1,086,025 653,719 4,646,978 3,731,676 3,868,634 1,674 834,352 167,996 2,983,625 2,516,611 2,337,511 927,287 790,581 1,597,806 1,275,242 1,449,964 (268) 293,566...

... risks associated with investments made under such OA ILAS products (Q&A 32D on risk disclosure);  provide guidance in complying with the relevant requirements (Q&A 32E on governance and controls); and 2  provide a transitional period till 30 June 2022 for necessary operational and system changes to be...