... quarter of 2020 recorded a year-on-year decline of 27.5% to HK$35.1 billion, an unprecedented drop since the global financial crisis in 2008. Amid the increasingly complicated international situation and the growing volatility of asset prices, some policy holders may be concerned about the business...

... decrease of total gross premiums by 0.9% to $602.7 billion over 2020. (Percentage figures shown in brackets represent year-on-year changes) Long term business Total revenue premiums of in-force long term business were $540.8 billion in 2021 (decreased by 1.3%), mainly...

... quarter of 2020 recorded a year-on-year decline of 27.5% to HK$35.1 billion, an unprecedented drop since the global financial crisis in 2008. Amid the increasingly complicated international situation and the growing volatility of asset prices, some policy holders may be concerned about the business...

... Companies Ordinance (ICO) (Chapter 41) and its Regulations, together with the Guidance Notes issued by the Insurance Authority (IA), prescribe a rule-based capital adequacy framework for insurers operating in Hong Kong. Capital adequacy is assessed on the basis of an insurer’s solvency margin, i.e. the...

... taken over the statutory functions of the Office of the Commissioner of Insurance (‘OCI’) to regulate insurance companies with effect from 26 June 2017. The OCI was disbanded on the same day. This Update serves to set out the textual updates to the Study Notes for the General Insurance Examination (2008...

... 17 September 2021 Our Ref: MC/CPD/CIR By email only To: Chief Executives of all authorized insurers, Responsible Officers of all licensed insurance agencies and licensed insurance brokers companies Dear Sirs, FAQs on CPD Penalty Framework and CPD Compliance Reporting In our circular dated 23 July...

... : Authorized Representatives of Life Insurance Members (“LIMs”) cc : Ms Carol Hui, Assistant Commissioner of Insurance From : Stuart Fraser, Chairman, Life Insurance Council (“LIC”) Date : 22 December 2014 Subject : Updated Requirements Relating to the Sale of Investment Linked Assurance Scheme (“ILAS”) to...

... 1 Asian Financial Forum 2020 “Insurance and inclusive growth in Asia” 13 January 2020 Opening remarks by Dr Moses Cheng Chairman of the Insurance Authority Winnie1, distinguished panel members, friends and colleagues, ladies and gentlemen, good afternoon! On behalf of the Hong Kong Insurance...

... 1 Asian Financial Forum 2020 “Insurance and inclusive growth in Asia” 13 January 2020 Opening remarks by Dr Moses Cheng Chairman of the Insurance Authority Winnie1, distinguished panel members, friends and colleagues, ladies and gentlemen, good afternoon! On behalf of the Hong Kong Insurance...

... 1 Asian Financial Forum 2020 “Insurance and inclusive growth in Asia” 13 January 2020 Opening remarks by Dr Moses Cheng Chairman of the Insurance Authority Winnie1, distinguished panel members, friends and colleagues, ladies and gentlemen, good afternoon! On behalf of the Hong Kong Insurance...