... Property Damage business resulting from the absence of any major typhoons. As at 31 December 2019, gross and net claims incurred by authorized insurers due to the social events were HK$1,292 million and HK$411 million respectively. Premium growth was mainly driven by the growth in Property Damage business...

... Annex - Important Facts Statement - Premium Financing Annex IMPORTANT FACTS STATEMENT – PREMIUM FINANCING This “Important Facts Statement – Premium Financing” (“IFS-PF”) aims to help you understand the factors to be considered and the risks involved in funding the purchase of your life insurance...

... Nations Sanctions (Afghanistan) Regulation ("Regulation") Further to my letters of 22 May 2003 , I am writing to advise you that an updated list of names designated by the relevant United Nations Security Council Committee was published in the Gazette (G.N. 4602 and G.N. 4801) on...

... Fulfillment Ratio Why do we need a fulfillment ratio? Participating policies pay both guaranteed and non-guaranteed benefits to policy holders, who are entitled to receive non-guaranteed dividends or bonuses by sharing the insurer’s profits. At the...

... Risk-based Capital Framework for Insurance Industry of Hong Kong Risk-based Capital Framework for Insurance Industry of Hong Kong Frequently Asked Questions Q1 What are the differences between a risk-based capital (RBC) framework and the existing rule-based regime? A1 Currently, the Insurance...

... Government of the Hong Kong Special Administrative Region Background to the AMLO Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region Financial Action Task Force (FATF) ·Inter-governmental policy making body ·40 Rec and 9 Special Rec on AML/CTF ·Mutual...