... bottom performer has a margin of -68.2%. The median underwriting margin is -6.8% with the 1st quartile and the 3rd quartile being -32.5% and 1.0% respectively. We hope these key market indicators can help you better understand the overall performance and characteristics of the statutory classes of...

... Anti-Money Laundering and Counter-Terrorist Financing Seminars 2017 20 October 2017 Our Ref: INS/TEC/6/45/3 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Anti-Money Laundering and Counter-Terrorist Financing Seminars 2017 To further enhance the...

... website of the Joint Financial Intelligence Unit ("JFIU") (www.info.gov.hk/police/jfiu). You should refer, in addition to the Annex G of Guidance Notes on Prevention of Money Laundering issued by the Insurance Authority, to the updated list for identifying suspicious transactions and ensuring...

... prohibited from applying to be licensed for 2 years. Individuals applying to be licensed insurance intermediaries must establish that they are fit and proper to perform the role. Being fit and proper not only requires attaining the minimum education qualifications, but also being honest, reliable...

... CPD Compliance Reporting for the Assessment Period 2021/2022 31 May 2022 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 broker companies Dear Sirs, Continuing Professional Development...

... Needs Analysis (“FNA”) and Updated Requirements Relating to the Sale of Investment Linked Assurance Scheme (“ILAS”) to Enhance Customer Protection In my capacity as Chairman of the Life Insurance Council under the Hong Kong Federation of Insurers (“HKFI”), I am pleased to invite you to observe the...

... Security Council Committee was published in the Gazette (G.N. 8437 and G.N. 8798) on 28 November 2003 and 12 December 2003 in accordance with the Ordinance and the Regulation respectively. The new list is available on the Government website (www.info.gov.hk/pd/content/index1.htm) under Gazette: Government...

... September 2022. The scope of products covered (in-scope TFM products)2 and the implementation details of the measures remain unchanged. Extension of Insurtech Sandbox to all life insurance products To satisfy the growing needs of the general public for protective insurance products and...

... You can select a currency other than HKD as the policy currency if available under the QDAPs, which means you will pay the premium and receive the annuity income payments in that currency. In addition to the impact on the internal rate of return (IRR) brought by the currency itself, the exchange rate...

... premiums for Other business (mainly Permanent Health business) increased by 12% to HK$1,542 million. Office premiums for new Individual Life business remained stable at HK$150,601 million in 2018, including HK$133,194 million from Individual Life (Non-Linked) business and HK$17,407 million from Linked...