... Ordinance (Cap. 41) (“the Ordinance”) with reference to the requirements set out in the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP”) promulgated by the International Association of Insurance Supervisors. It sets out prudent practices pertinent to reinsurance management...

... reinsurers when they consider ceding business offshore. Hong Kong is also an ideal location for Mainland companies, and especially state-owned enterprises (“SoEs”), to set up captive insurers. Having a captive insurer in Hong Kong can help a Mainland group pool the risks among its subsidiaries and associates...

... reinsurers when they consider ceding business offshore. Hong Kong is also an ideal location for Mainland companies, and especially state-owned enterprises (“SoEs”), to set up captive insurers. Having a captive insurer in Hong Kong can help a Mainland group pool the risks among its subsidiaries and associates...

... reinsurers when they consider ceding business offshore. Hong Kong is also an ideal location for Mainland companies, and especially state-owned enterprises (“SoEs”), to set up captive insurers. Having a captive insurer in Hong Kong can help a Mainland group pool the risks among its subsidiaries and associates...

... scheduled for implementation in mid-2019. The draft Rules largely mirror the existing framework set out in the Code of Practice for the Administration of Insurance Agents issued by The Hong Kong Federation of Insurers. The IA proposes increasing the maximum number of insurers which a licensed...

... information exchange, knowledge dissemination and capacity building among insurance regulators in the Asia and Pacific region. Ends Note: 1Member jurisdictions which attended the meeting (set out in alphabetical order) are Afghanistan, Astana International Financial Centre...

... Capital Rules”) to tie in with the implementation of the new supervisory framework for multinational insurance groups (“GWS framework”) tentatively in the first quarter of 2021. The main objective of the proposed Group Capital Rules is to set out the requirements in relation to...

... appointment or two appointments for the purposes of the cap (which depends on whether the scope of the agent’s appointment is limited to one line of business or extended to both general business and long term business). The existing framework is currently set out in paragraphs 21-22 of the Code of Practice...

... kind of customer, business relationship, product and transaction, to establish and maintain effective procedures not inconsistent with AMLO for the purpose of carrying out the duties under (inter alia) sections 10 and 15 of Schedule 2 to AMLO. (c) Section 10 of Schedule 2 to AMLO set out special...

... roll out further measures to facilitate individual licensees’ ability to comply with CPD requirements. Details of such measures are set out below. Merger of the 2019/2020 and 2020/2021 CPD Assessment Periods The IA has decided to merge the CPD assessment period for 23 September 2019 to 31 July 2020...