... Guideline, does “long term business” also include accident / health / disability policy with minimal life coverage? A1 The term “long term business” used in the Guideline bears the same meaning as the same term defined in section 2 of the Insurance Ordinance (Cap. 41) (the “Ordinance”), which, for the...

... Guideline, does “long term business” also include accident / health / disability policy with minimal life coverage? A1 The term “long term business” used in the Guideline bears the same meaning as the same term defined in section 2 of the Insurance Ordinance (Cap. 41) (the “Ordinance”), which, for the...

... tax deduction1. The Government announced in the 2018-19 Budget tax incentive of up to $60,000 per year2 for deferred annuity policies. To allow flexibility for couples to benefit from the entitlement, they could enjoy a combined limit of $120,000 per year. “The tax incentive...

... combination of rates hardening and new business. Ships business and Property Damage business also contributed by reporting growth of 6.0% and 3.7% respectively, while being partially offset by a contraction in Pecuniary Loss business and Motor Vehicle (“MV”) business which reported a drop of 4.2...

... also incentivise insurers to enhance their risk management culture, thereby instiling market stability.” The RBC regime comprises three pillars: Pillar 1 on quantitative assessment, Pillar 2 on corporate governance and risk management and Pillar 3 on disclosure requirements. The Bill...

... Enhance Market Sustainability Promote Global Competitiveness IA’s Statutory Functions Research Study (White paper on trending topics about insurance and Insurtech) Open API (The enabling tool) Regulatory Interface (Updating Guidelines) 2 Upcoming IA Insurtech Initiatives in 2022 Opportunities to acquire...

... exercise from 16 September to 15 December 2014 to solicit views on the proposed Risk-based Capital (“RBC”) framework for Hong Kong. 2. This consultation focuses on the objectives, overarching principles and proposed framework for the RBC regime for Hong Kong’s insurance industry. It is proposed that the...

... Monetary Authority on mutual assistance and exchange of information. As the insurance regulator, I shall continue to work closely with my local and overseas counterparts on any cross-sectoral regulatory issues. 2 I hope this issue of “I lens” could provide you with a better understanding of the concept of...

... Monetary Authority on mutual assistance and exchange of information. As the insurance regulator, I shall continue to work closely with my local and overseas counterparts on any cross-sectoral regulatory issues. 2 I hope this issue of “I lens” could provide you with a better understanding of the concept of...