... (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...

... Business Ethics = A set of principles which determines what is the right behavior when conducting insurance business or carrying on regulated activity • Honesty and Integrity • Acting in the client’s best interests and treating clients fairly • Due care and diligence • Professional competence and...

... Life and Annuity (Linked) business amounted to $6.6 billion (decreased by 21.7%). Contributions of Retirement Scheme business reached $8.1 billion (increased by 11.3%). On new business, new office premiums (excluding Retirement Scheme business) of long term business were $48.4 billion...

... 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...

... 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...