... year 2017 saw us move one step closer to our goal of building a more holistic and modern regulatory regime for the insurance industry in Hong Kong,” said Dr Moses Cheng, Chairman of the IA. “On 26 June 2017, the IA replaced the Office of the Commissioner of Insurance (OCI), a Government...

... the solvency position. RBC Framework • Solvency requirements reflect the riskiness of investments. • Encourages better due diligence on investments and ALM. • Provides a holistic view to quantitatively evaluate assets and liabilities on a consistent, comparable, economic value basis. 6 Asset-Liability...

... comprehensive review of the Study Notes. As you may be aware, The Insurance Complaints Bureau (‘ICB’) was inaugurated on 16 January 2018 to supersede The Insurance Claims Complaints Bureau (‘ICCB’) in providing an alternative dispute resolution mechanism to help resolve insurance-related disputes of a monetary...

... in participating in QIS 2 and submitting data as set out in the enclosed templates. Based on the data collected from the First Quantitative Impact Study (QIS 1), we conducted calibration for various risk charges and set out methodologies in certain technical aspects. In the past six months, we...

... licensees to the IA. II. INFORMATION ON CPD HOURS AVAILABLE IN IIC Individual licensees can view the number of CPD hours they are required to earn for the Assessment Period 2021/2022 and their reported compliance status by logging into their IIC individual accounts and clicking the “CPD Requirement and...

... GL27 GUIDELINE ON LONG TERM INSURANCE POLICY REPLACEMENT Insurance Authority Contents Page 1. Introduction………………………………………………………. 1 2. Interpretation…………………………………...………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………………………….………………… 2 4. Scope of Application...

... GL27 GUIDELINE ON LONG TERM INSURANCE POLICY REPLACEMENT Insurance Authority Contents Page 1. Introduction………………………………………………………. 1 2. Interpretation…………………………………...………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………………………….………………… 2 4. Scope of Application...

... (increased by 9.7%), mainly comprising $457.1 billion of Individual Life and Annuity (Non-Linked) business (increased by 15.3%), $27.7 billion of Individual Life and Annuity (Linked) business (decreased by 20.5%), as well as $33.8 billion of Retirement Scheme business (decreased by 19%). On the...

... billion from Retirement Scheme business (increased by 58.7%). On the other hand, new office premiums (excluding Retirement Scheme business) of long term business were $65.5 billion (decreased by 34.4%), mainly comprising $60.7 billion from Individual Life and Annuity (Non-Linked) business...