... 21 February 2020 By Email Only To: Chief Executives of authorized insurers carrying on long term insurance business Dear Sirs, Temporary facilitative measures to tackle the recent outbreak of Novel Coronavirus In view of the recent outbreak of Novel Coronavirus which renders it difficult for...

... epidemic. 1. Implementing temporary facilitative measures In view of the latest COVID-19 developments, the IA introduced temporary facilitative measures in two phases in February and March 2020, allowing the public to purchase specific protective insurance products (including...

... and raise their sustainability profiles to lenders, investors and supply chain clients with a view to facilitating better access of sustainability financing. It will also facilitate financial institutions’ collection and assessment of company-level data for risk assessment and relevant business...

... expertise as well as strong political and country risk management with a per risk, per obligor and per country risk accumulation monitor and control • Early intervention at the project inception phase is crucial Risk transfer • For non-insurable risks: take a holistic view embracing prevention, mitigation...

... participation is therefore strongly encouraged with a view to developing an RBC regime which is viable and practicable to market participants. Submission Instructions Enclosed are two different packages for QIS 1, one for long term business (filename: HKQIS2017_Life.zip) and one for general business (filename...

... value at the time of death. Who should consider it? Young people wi th l imi ted financial means; individuals who have high protection needs for a period of time or who are looking solely for protection and have other financial plans Individuals in a strong financial s i t ua t i on w ho wa n t b o t h...

... requested Authority to deal with the request. Consultations and Waiver 12. The Insurance Authority of Hong Kong SAR and the NAIC will keep the operation of this Memorandum under continuous review and consult with a view to improving its operation and resolving any matters. 13. Where the specific conduct set...

... from a prospective view • Continuity analyses and Stress Scenarios (plausible and adverse) • Board review and deliberations on ORSA results are vital 13 Risk-based Capital Regime Timeline 201920182017 2020 2021 2022 + Final Standard Start of comparative period Effective date 1 January 2021 First...

... requested Authority to deal with the request. Consultations and Waiver 12. The Insurance Authority of Hong Kong SAR and the NAIC will keep the operation of this Memorandum under continuous review and consult with a view to improving its operation and resolving any matters. 13. Where the specific conduct set...

... from a prospective view • Continuity analyses and Stress Scenarios (plausible and adverse) • Board review and deliberations on ORSA results are vital 13 Risk-based Capital Regime Timeline 201920182017 2020 2021 2022 + Final Standard Start of comparative period Effective date 1 January 2021 First...