... from profit of $191 million to loss of $252 million, while profit for the latter plummeted by 46.5% to $424 million upon resurgence of claims after full resumption of economic activities. On reinsurance inward business, the gross and net premiums were $10 billion (increased by 10.8%) and $4.6...

... arising from full resumption of economic activities. Meanwhile, the underwriting result of Property Damage business faced pressure from the severe weather events occurring in September 2023. On reinsurance inward business, the gross and net premiums were $14.2 billion (increased by 2.9%) and...

... inception date should be consistent with the generally accepted accounting principles in Hong Kong.  Valuation of assets and liabilities should be consistent.     7  Economic valuation should be applied to all classes of business except Class G business.  Economic valuation should undertake either market...

... transfer tools such as encouraging the issuance of insurance linked securities in Hong Kong to expand the insurance capacity and enhance effective risk management. Meanwhile, the concept of an integrated economic and business hub in the Greater Bay Area will support Hong Kong’s integration with the...

... transfer tools such as encouraging the issuance of insurance linked securities in Hong Kong to expand the insurance capacity and enhance effective risk management. Meanwhile, the concept of an integrated economic and business hub in the Greater Bay Area will support Hong Kong’s integration with the...

... transfer tools such as encouraging the issuance of insurance linked securities in Hong Kong to expand the insurance capacity and enhance effective risk management. Meanwhile, the concept of an integrated economic and business hub in the Greater Bay Area will support Hong Kong’s integration with the...

..., large insurers have more bargaining power than the consumers they serve. Conflicts of interest: Commission levels can create economic conflicts of interest that may skew selling in favour of certain products that may not be optimal for a particular customer’s needs....

... of IFRS 4 Insurance Contracts. 18. We proposed that the use of economic valuation should apply to all classes of business except Class G of long-term business, the valuation of which should remain the same as required under the existing Guidance Note on the Reserve Provision for Class G of Long Term...

... history of the employer concerned; Occupational safety and health as well as risk prevention measures taken by the employer concerned; Accident rate and risks to be undertaken in respect of the industry or occupation concerned; Market condition (e.g. market trend, economic environment, social factors...

... history of the employer concerned; Occupational safety and health as well as risk prevention measures taken by the employer concerned; Accident rate and risks to be undertaken in respect of the industry or occupation concerned; Market condition (e.g. market trend, economic environment, social factors...