... 4.6 Policy Administration 4/4 4.7 Claims 4/5 4.8 Reinsurance 4/6 4.9 Actuarial Support 4/7 4.10 Accounting and Investment 4/8 4.11 Training and Development 4/8 5. STRUCTURE OF HONG KONG INSURANCE INDUSTRY 5/1 5.1 Types of Insurance Business 5/1 5.1.1 Statutory Classification of Insurance 5.1.2...

... 4.5 Underwriting 4/4 4.6 Policy Administration 4/4 4.7 Claims 4/5 4.8 Reinsurance 4/6 4.9 Actuarial Support 4/7 4.10 Accounting and Investment 4/8 4.11 Training and Development 4/8 5. STRUCTURE OF HONG KONG INSURANCE INDUSTRY 5/1 5.1 Types of Insurance Business 5/1 5.1.1 Statutory Classification of...

..., maintaining the stability of the insurance industry in Hong Kong and protecting the interests of policyholders. 10. The first issue involves the adoption of a Risk-based Capital framework, (popularly referred to as the RBC Framework or just RBC). This aims at enhancing prudential regulation of insurers. The...

... clear language in a strong competitive market, the receiving end, i.e. the clients, may still not be able to understand it fully. 10. Neither can regulation do, but regulation helps enforce information disclosure, deter misconduct and encourage fair treatment of policyholders. 11. This explains why in...

... program development – To extend the system to support online services – Working closely with Self-Regulatory Organizations for transfer of data to IA Main Progress in Implementation Rules, Codes and Guidelines 10 Discussion with Working Group and Discussion Group (Insurance Agents/Insurance Brokers...