...%) respectively, against which total gross claims of $22.8 billion (increased by 5.6%) were paid out. The overall underwriting profit reduced markedly from $3.4 billion to $1.5 billion. On direct business, the gross and net premiums were $39.6 billion (increased by 5.4%) and $27.9 billion (increased by...

... PROFESSIONAL INSURANCE BROKERS ASSOCIATION MEMBERSHIP REGULATIONS (First made in October 2003 and was amended on 15 April 2013 and re-amended on 1 February 2015) 2 PROFESSIONAL INSURANCE BROKERS ASSOCIATION (“the Association”) MEMBERSHIP REGULATIONS 1. Membership The Association shall consist of...

... accumulation of cash value, which can be withdrawn upon policy surrender Bundling of life insurance and investment options; variation of account value, depending on investment performance Provision of a savings element and flexibility in terms of premium payment and withdrawal of account value Coverage period...

... to any possible unexpected volatility. 1 The statistics cover those insurers whose financial year ended between 1 January 2020 and 31 December 2020. A total of 108 insurers reported to the Insurance Authority on their Hong Kong general insurance business for 2020. 2 Figure 1 Growth of Gross Written...

... involving industry representatives has been set up to collate comments and inputs from the industry. We will launch industry and public consultation on over a dozen sets of rules, codes and guidelines by phases in the second half of this year. Second, we are helping the Financial Services and the Treasury...

... involving industry representatives has been set up to collate comments and inputs from the industry. We will launch industry and public consultation on over a dozen sets of rules, codes and guidelines by phases in the second half of this year. Second, we are helping the Financial Services and the Treasury...