... insurance industry for the first three quarters of 2020, indicating a growth of total gross premiums by 5.5% to $461.1 billion over the corresponding period in 2019. (Percentage figures shown in brackets represent year-on-year changes) Long term business Total revenue...

... business were $121.1 billion (increased by 3.8%), including $107.4 billion from Individual Life and Annuity (Non-Linked) business (increased by 0.5%) and $13.2 billion from Linked business (increased by 44.2%). New office premiums in respect of policies issued to Mainland visitors totalled $34.1...

... reached $41.7 billion (increased by 74.2%). On new business, new office premiums (excluding Retirement Scheme business) of long term business were $162.2 billion (increased by 3.7%), including $144.1 billion from Individual Life and Annuity (Non-Linked) business (increased by 0.8%) and $17.4...

... Insurance Authority warns against fraudulent website 21 May 2020 The Insurance Authority (IA) today (21 May 2020) alerted the public to a fraudulent website with the domain name of “http://www.yuehm.com/1gxxw3/9hypq1.html”. The fraudulent website...

... Security Council Committee was published in the Gazette (G.N. 8437 and G.N. 8798) on 28 November 2003 and 12 December 2003 in accordance with the Ordinance and the Regulation respectively. The new list is available on the Government website (www.info.gov.hk/pd/content/index1.htm) under Gazette: Government...

... term business Office premiums of in-force long term business were $511.5 billion in 2019 (increased by 10.8%), continued to be dominated by the Individual Life category which contributed $440.2 billion (increased by 3.3%) or 86.1% of the total. The number of policies in this category was 13.2...

... solvency, capital, and local asset requirements, which are set for ensuring sufficient loss absorption capability of authorized insurers must be met. All other requirements under the relevant guidelines should apply, except where the IA agrees to exempt or modify after due consideration. All...

... of the direct regulatory regime for licensed insurance broker companies As you will be aware, the direct regulatory regime for licensed insurance intermediaries, as set out in the Insurance Ordinance (Cap. 41) (“Ordinance”), has been in effect for just over one year now, having commenced on 23...

... Insurance Authority Encls. c.c. Chairman, The Hong Kong Federation of Insurers [aml_tec6-45-3_CE_20171020/ih] Annex I Anti-Money Laundering and Counter-Terrorist Financing Seminars 2017 Date Seminar 1: 22 November 2017 (Wednesday) Seminar 2: 29 November 2017 (Wednesday) Time 09:30 am – 12:00 pm...

... 27 May 2020 Our Ref: INS/TEC/13/18 Sub-file I By email only To: Chief Executives of authorized insurers carrying on general insurance business Dear Sirs, Guideline on Actuarial Review of Insurance Liabilities in respect of Employees’ Compensation and Motor Insurance Businesses (GL9) Paragraph 6.1...