... unprecedented market volatilities brought about by COVID-19 and is the crucial component for a robust system to safeguard the insuring public. An iterative process of Quantitative Impact Studies has helped to calibrate the design parameters, taking into account technical merits and practical outcomes. Progress...

... unprecedented market volatilities brought about by COVID-19 and is the crucial component for a robust system to safeguard the insuring public. An iterative process of Quantitative Impact Studies has helped to calibrate the design parameters, taking into account technical merits and practical outcomes. Progress...

... deficit of about $650 million2 for the first four years of its operation. In May 2016, a government grant of $450 million was approved by the Legislative Council. The remaining $200 million will be sought in the financial year of 2018–19 tentatively. The IA will exercise prudence in managing its financial...

... deficit of about $650 million2 for the first four years of its operation. In May 2016, a government grant of $450 million was approved by the Legislative Council. The remaining $200 million will be sought in the financial year of 2018–19 tentatively. The IA will exercise prudence in managing its financial...

... deficit of about $650 million2 for the first four years of its operation. In May 2016, a government grant of $450 million was approved by the Legislative Council. The remaining $200 million will be sought in the financial year of 2018–19 tentatively. The IA will exercise prudence in managing its financial...

... deficit of about $650 million2 for the first four years of its operation. In May 2016, a government grant of $450 million was approved by the Legislative Council. The remaining $200 million will be sought in the financial year of 2018–19 tentatively. The IA will exercise prudence in managing its financial...

... insurer with statutory business General business insurer without statutory business 20 10 20 10 (I) Assume ‘X’ represents the greater of the Relevant Premium Income and the Relevant Claims Outstanding. (a) If ‘X’  HK$200 million, the Relevant Amount is :- 20% of ‘X’ (b) If ‘X’  HK$200 million, the...

... insurer with statutory business General business insurer without statutory business 20 10 20 10 (I) Assume ‘X’ represents the greater of the Relevant Premium Income and the Relevant Claims Outstanding. (a) If ‘X’  HK$200 million, the Relevant Amount is :- 20% of ‘X’ (b) If ‘X’  HK$200 million, the...

... insurer with statutory business General business insurer without statutory business 20 10 20 10 (I) Assume ‘X’ represents the greater of the Relevant Premium Income and the Relevant Claims Outstanding. (a) If ‘X’  HK$200 million, the Relevant Amount is :- 20% of ‘X’ (b) If ‘X’  HK$200 million, the...

... designing refundable insurance policies, authorized insurers are reminded to comply with the relevant requirements under GL16 which require them to undertake a diligent review during the product design stage to ensure that each of their products shall meet the “fair treatment of customers” principle...