... even more so, the insurance industry is critically dependent on consumers’ trust because insurance is simply what provides consumers relief when their Plan A fails. That brings me neatly to the second pillar of sustainable growth. 30. As I mentioned earlier, in the wake of the 2008 financial crisis...

... even more so, the insurance industry is critically dependent on consumers’ trust because insurance is simply what provides consumers relief when their Plan A fails. That brings me neatly to the second pillar of sustainable growth. 30. As I mentioned earlier, in the wake of the 2008 financial crisis...

...) Maintenance of fairness between different products and generations. (f) Smoothing of payouts should be explained and justified, including whether it is expected to be on average cost-neutral to the shareholder. (g) How the assets are held and managed, including the segregation mechanism in case of pooling of...

... of a specified class or description held by the insurer when the requirement is imposed; (iii) Maintenance of assets in Hong Kong – The IA may require that assets of an authorized insurer of a value equal to the whole or a specified proportion of the amount of its domestic liabilities shall be...

... 主席的話 Chairman’s Message 第一章 保險業監管局 Chapter 1 About the Insurance Authority 第二章 機構管治 Chapter 2 Corporate Governance 第三章 2016-17年度主要工作 Chapter 3 Major Initiatives in 2016-17 第四章 展望 Chapter 4 Outlook 報告及財務報表 Reports and Financial Statements 附錄 Appendices 2 6 10 14 20 24 44 目錄 Contents 2 保險業監管局 Insuran...

... 主席的話 Chairman’s Message 第一章 保險業監管局 Chapter 1 About the Insurance Authority 第二章 機構管治 Chapter 2 Corporate Governance 第三章 2016-17年度主要工作 Chapter 3 Major Initiatives in 2016-17 第四章 展望 Chapter 4 Outlook 報告及財務報表 Reports and Financial Statements 附錄 Appendices 2 6 10 14 20 24 44 目錄 Contents 2 保險業監管局 Insuran...

... 主席的話 Chairman’s Message 第一章 保險業監管局 Chapter 1 About the Insurance Authority 第二章 機構管治 Chapter 2 Corporate Governance 第三章 2016-17年度主要工作 Chapter 3 Major Initiatives in 2016-17 第四章 展望 Chapter 4 Outlook 報告及財務報表 Reports and Financial Statements 附錄 Appendices 2 6 10 14 20 24 44 目錄 Contents 2 保險業監管局 Insuran...

... 主席的話 Chairman’s Message 第一章 保險業監管局 Chapter 1 About the Insurance Authority 第二章 機構管治 Chapter 2 Corporate Governance 第三章 2016-17年度主要工作 Chapter 3 Major Initiatives in 2016-17 第四章 展望 Chapter 4 Outlook 報告及財務報表 Reports and Financial Statements 附錄 Appendices 2 6 10 14 20 24 44 目錄 Contents 2 保險業監管局 Insuran...

... trust/trustee basis. Chapter 5 – Ongoing Monitoring 27 Chapter 6 – Terrorist Financing, Financial Sanction and Proliferation Financing Screening database maintenance – An II should ensure that countries, individuals and entities included in UNSCRs and sanctions lists are included in the database as soon...

... of these best estimate values. For the above purpose, the following terms are so defined: “Premiums liabilities” refers to unearned premiums and additional amount for unexpired risks, and includes liabilities for all benefits, claims and expenses, acquisition costs, and maintenance costs to be...