... for Mainland insurers to issue catastrophe bonds in Hong Kong1,” said Dr Moses Cheng, Chairman of the IA. “The proposed legislative amendments will pave way for Hong Kong to become the preferred domicile for ILS, in particular catastrophe bonds. This will facilitate insurers to better...

... for Mainland insurers to issue catastrophe bonds in Hong Kong1,” said Dr Moses Cheng, Chairman of the IA. “The proposed legislative amendments will pave way for Hong Kong to become the preferred domicile for ILS, in particular catastrophe bonds. This will facilitate insurers to better...

... information exchange, knowledge dissemination and capacity building among insurance regulators in the Asia and Pacific region. Ends Note: 1Member jurisdictions which attended the meeting (set out in alphabetical order) are Afghanistan, Astana International Financial Centre...

... Capital Rules”) to tie in with the implementation of the new supervisory framework for multinational insurance groups (“GWS framework”) tentatively in the first quarter of 2021. The main objective of the proposed Group Capital Rules is to set out the requirements in relation to...

... long term insurance business (“Prescribed Scenarios”) in relation to Guideline on Enterprise Risk Management (“GL21”) has been published today as enclosed (See Appendix 1). The Prescribed Scenarios shall be adopted for the first Own Risk and Solvency Assessment (“ORSA”) Report, which is required for...

... long term insurance business (“Prescribed Scenarios”) in relation to Guideline on Enterprise Risk Management (“GL21”) has been published today as enclosed (See Appendix 1). The Prescribed Scenarios shall be adopted for the first Own Risk and Solvency Assessment (“ORSA”) Report, which is required for...

... correct name of the education pamphlet should be “Questions you need to ask before taking out an ILAS product”. The whole set of the Updated Requirements is amended and attached. AC/JW/BF/sw Encls. (21 pgs incl. this cover) 註冊有限公司 Incorporated with limited liability 香港灣仔駱克道 353 號三湘大廈 29 樓 29/F, Sunshine...

... approached for replacing your life insurance policies. 3 Dos 1. Ask yourself the following questions before making a decision for replacing your existing life insurance policy:  Why are you asked to replace your existing policy? Is it solely for your own benefits?  Will the protection be continuous without...

... unless it is justified otherwise. (b) ICP 13 stipulates that the supervisor should set standards for the use of reinsurance and other forms of risk transfer, ensuring that insurers adequately control and transparently report their risk transfer programmes. 1.2 It is incumbent upon an insurer to adopt a...

...;. All fees and levies that the IA collects are set out in the IA website. If members of the public receive any suspicious payment requests claiming to be made by the IA, they should verify the documents by contacting the IA via its general enquiry hotline at 3899-9983 (select language, then...