... Life and Annuity (Linked) business amounted to $17.1 billion (increased by 13.3%).  Contributions of Retirement Scheme business reached $13.5 billion (increased by 10%). On new business, new office premiums (excluding Retirement Scheme business) of long term business were $84.1 billion...

... Ordinance (Cap.41) (“IO”) Pursuant to section 73(1) of the IO, a licensed insurance broker company must, within 6 months after the end of each financial year (“the 6-month statutory submission deadline”), provide the IA with its audited financial statements, an auditor’s report on its financial statements...

... respondent insurance agencies. Note 1: On 23 September 2019, the IA took over the responsibility for the direct regulation of some 110,000 insurance intermediaries in Hong Kong from the three Self-Regulatory Organizations. Note 2: The term “insurance agency” means an insurance agent operating as an insurance...

... respondent insurance agencies. Note 1: On 23 September 2019, the IA took over the responsibility for the direct regulation of some 110,000 insurance intermediaries in Hong Kong from the three Self-Regulatory Organizations. Note 2: The term “insurance agency” means an insurance agent operating as an insurance...

... Ordinance (Cap.41) (“IO”) Pursuant to section 73(1) of the IO, a licensed insurance broker company must, within 6 months after the end of each financial year (“the 6-month statutory submission deadline”), provide the IA with its audited financial statements, an auditor’s report on its financial statements...

... decreased by 5.4% to $75 billion. On the other hand, those of Individual Life and Annuity (Linked) business increased by 158.8% to $5.4 billion. In the first half of 2017, gross and net premiums of general insurance business recorded a growth of 6% to $25.5 billion and 6% to $17.6 billion...

... to ensure continuity of the business operations. Our Guidance Note on the Corporate Governance of Authorized Insurers (GN10) requires, among others, an authorized insurer to identify cybersecurity threats arising from network, email and relevant devices. It would be more optimal and cost effective to...