... better risk management and policyholders’ protection. 10 Pillar 1 – Quantitative Requirements • IA launched the first Quantitative Impact Study (“QIS 1”) and distributed the technical specifications and templates to the industry on 28 July 2017. • QIS 1 submissions by 1 December 2017 Data analysis will...

... disciplinary actions against the DIHC. The Group-wide Supervision (“GWS”) framework The GWS framework is anchored on three pillars: Pillar 1 Pillar 1 establishes capital requirements which a DIHC in relation to its supervised group would be...

... iAM Smart Modernize Infrastructure Cybersecurity, Personal Data Privacy, Ethics, Regtech/Suptech Address Regulatory Concerns Insurance Authority Corporate Strategy 9 Policy Holders’ Protection Market Development Product Innovation Policy Holders’ Protection: Risk-based Capital Regime 10 Pillar 1...

..., including loss of money, unauthorized use of credit cards, replacement cost of personal documents, the cost of repair for mobile phones, laptops and tablets, and the loss or damage of personal belongings. Optional benefits The coverage of home insurance varies from insurer to insurer....

... appointment as a new Non-Executive Director (NED) of the IA and the seven incumbent NEDs on their reappointments: Mr Samuel Chan Ka-yan, Professor Chan Wai-sum, Ms Chitty Cheung Fung-ting, Mr Kenneth Kwok Tsun-wa, Mr Ma Ho-fai, Mr James Wong Chien-kuo and Mr Stephen Yiu Kin-wah. Established in...

... level principles of the conceptual framework, there are mixed views on some of the technical aspects. The following paragraphs highlight the major comments received and our responses. Detailed comments on the proposals and our responses are at Annex B. Major Comments Received and Our Responses Pillar 1...

... Guideline has been revised to focus, in relation to group risk, on requirements at the solo level. (See paragraphs 2.3, 6.5.1 to 6.5.5, Annex A and Annex B) 3. Introduction of “Pillar 2 Capital amount” The industry would like to seek further guidance and expectation on “internal economic capital” and...

..., the level of risk to which an insurer is exposed will be taken into account when determining its capital requirement. Q5 What are the three Pillars under the RBC framework ? A5 An RBC framework covers three major areas, known as the Three Pillars. Pillar 1 consists of the quantitative requirements...

... the levy cap (Table 1). 2018 - 2019 Levy payable 2019 - 2020 2020 - 2021 2021 - 2022 $ 4.8 $ 7.2 $ 10.2 $ 12 On the assumption that the premium remains unchanged, the annual premium payable is $12,000 ($1,000 x 12 months). Anniversary date 1 Apr 2018 1 Apr 2019 1 Apr 2020 On or after 1 Apr 2021 Levy...

... the levy cap (Table 1). 2018 - 2019 Levy payable 2019 - 2020 2020 - 2021 2021 - 2022 $ 4.8 $ 7.2 $ 10.2 $ 12 On the assumption that the premium remains unchanged, the annual premium payable is $12,000 ($1,000 x 12 months). Anniversary date 1 Apr 2018 1 Apr 2019 1 Apr 2020 On or after 1 Apr 2021 Levy...