... (increased by 11.3%) were paid out. The overall underwriting profit dropped from $2.5 billion to $1.5 billion. On direct business, the gross and net premiums were $26.9 billion (increased by 3.1%) and $18.6 billion (increased by 3.6%) respectively. The gross premiums of Accident & Health...

... were 1,708 licensed insurance agencies, 78,522 licensed individual insurance agents and 23,894 licensed technical representatives (agent).  In addition, there were 811 licensed insurance broker companies and 10,507 licensed technical representatives (broker) on the same date. In 2022...

... account owner”) with information on how to submit an individual licence application through IIC. For the set up of “supervisor account” and “administration account” by the principal, please refer to the “User Guide of the IA Insurance Intermediaries Connect for Principals (Authorized Insurers, Licensed...

... Circulars on Regulatory Matters 2008 Date Subject 15 October 2008 Employees' Compensation Insurance (Direct Business) Statistics for 2007...

... shall only be made on a first-in-first-out basis; (iv) At the end of the 10th year, the amount assigned to the CR in respect of a year of account may, to the extent it has not already been depleted by prior withdrawals under (iii) above, be released and available for the general purposes of the insurer...

... of 10 years, annuitization at the age of 50 or above, disclosure requirements on the Internal Rate of Return, guaranteed and variable payments, as well as separation of riders that are not eligible for tax deduction. All product brochures have to carry the QDAP logo for easy identification...

... Nations (Anti-Terrorism Measures) (Amendment) Ordinance 2018 (“the Amendment Ordinance”) was enacted by the Legislative Council on 21 March 2018 and came into effect on 31 May 2018. The Amendment Ordinance can be found on the Government’s website (https://www.gld.gov.hk/egazette/pdf/20182213...

...), which provides the legislative framework for the implementation of the Risk-based Capital (RBC) regime for the Hong Kong insurance industry. “The RBC regime can enhance the financial soundness of insurers and is crucial for consolidating Hong Kong’s position as an international...

... completion of education to a level of Form 5 or equivalent is issued by a Mainland educational institute, the following additional information/document shall be provided: 1. a copy of the verification report on the academic certificate issued by the China Higher Education Student Information and Career...