..., update claimants from time to time on the status of their claims, and give sufficient explanation of the claims results to clear up any concerns that the policy holders may have. While natural disasters are mishaps, insurance coverage does play a role in mitigating losses incurred to those...

... and formulate measures to enhance financial stability. Panel discussion topics The four panel discussions in this year’s AIF cover topics on promoting the overall development of society, such as Diversity, Equity and Inclusion (DEI) and Environmental, Social and Governance...

... Regulatory Reminders Licensed insurance broker companies - Good practices on notifications in relation to changes in directors and controllers December 2023   Under section 64ZZD of the Insurance Ordinance, a licensed insurance broker company is...

... Dividend Distributions b Methods of Dividend Distributions c. Advantages of Participating Policies d. Transparency of Life Insurers with regard to Dividends H. Guideline on Underwriting Long Term Insurance Business (Other Than Class C Business) (GL16) I. Initiative on Financial Needs Analysis J. Important...

... The minimum and maximum guaranteed IRRs and total IRRs can be found in the product brochure of the policy in the form of an example. For a personalized IRR, please consult your insurer or intermediary. Q10 Are there any rules and regulations on the sale...

... (Partial Surrender) Benefit E. Surrender Value F. Death Benefit G. Return on Gross Premium H. Premium Application Method Two I. Basic Calculations of Regular Premium Policies J. Monthly Application of Regular Premium vii. Structures of Investment-linked Funds viii. Types of Investment-linked Funds A....

... difficulties and took a heavy toll on the financial services sector. Throughout the past 18 months, the insurance industry has displayed tremendous resilience in the face of prolonged social distancing and rising market volatilities. The formulation of appropriate risk management strategies and business...

... difficulties and took a heavy toll on the financial services sector. Throughout the past 18 months, the insurance industry has displayed tremendous resilience in the face of prolonged social distancing and rising market volatilities. The formulation of appropriate risk management strategies and business...

... applying ARA (please put a “” in the respective box) ☐ Needs more time to develop/ amend and/ or test the system on calculation and collection of levy; ☐ Not proceed to develop/ amend system for the calculation and collection of levy for business reasons/ run-off business; ☐ Any other reasons, please state...

... calculating the number of CPD hours they have to complete. It also provides an update on the reporting requirements for CPD compliance. Recap on the merger of the 2019/20 and 2020/21 CPD years By way of a recap, the IA issued a circular dated 12 June 2020 setting out its decision to merge the CPD assessment...