... gross premium and net premium of general business stood at $48.3 billion (increased by 6%) and $33.1 billion (increased by 5%). The overall retention slightly decreased from 69.2% to 68.5%. The gross premium growth was mainly driven by growth in Accident & Health business followed by Motor...

...%). Office premiums for new Individual Annuity business were $10.8 billion (increased by 40.5%). General business In 2018, the total gross premium and net premium of general business stood at $53.1 billion (increased by 10%) and $34.7 billion (increased by 5%). The overall retention...

...) Rules (Cap. 41U); and Draft Insurance (Lloyd’s) Rules (Cap. 41V). The consultation paper is now available on the IA website. Members of the public are welcome to submit their comments to the IA on or before 9 February 2024 by email to [email protected] or by post to the IA office...

... (see paragraph 4.2), means the 21 calendar day period specified in paragraph 5.4 during which the policy holder can cancel the policy and obtain a refund of premium; 2 (c) “Date of issue” in relation to a life insurance policy to which this Guideline applies (see paragraph 4.2), means the date on which...

... (see paragraph 4.2), means the 21 calendar day period specified in paragraph 5.4 during which the policy holder can cancel the policy and obtain a refund of premium; 2 (c) “Date of issue” in relation to a life insurance policy to which this Guideline applies (see paragraph 4.2), means the date on which...

... (see paragraph 4.2), means the 21 calendar day period specified in paragraph 5.4 during which the policy holder can cancel the policy and obtain a refund of premium; 2 (c) “Date of issue” in relation to a life insurance policy to which this Guideline applies (see paragraph 4.2), means the date on which...

... Selection Made Easy guides users on their QDAP selection journey by having them answer five designated questions on the current age, preferred policy currency, duration of premium payment period, annuity commencement age and duration of annuity payment options. Based on the information they provide, users...

... sale but becomes relevant after policy issuance, insurers should determine whether policyholders should be informed or not with due regard to the situation and materiality of the risk involved. - 2 - Q 5. Section 6.8 specifies that for policies to be used as collateral assignment (e.g. for premium...

... customers) and that there are no mismatch (i.e. needs, risks, affordability etc) identified. For the purposes of this Circular, top-up includes increase in investment (single or regular premium). RPQ is not required for top-up that includes increase in premiums for addition or variation of non-ILAS riders...