... of 8.0% to HK$59,869 million in 2020. Overall underwriting profit reached HK$2,336 million, up from HK$869 million in 2019. The market was able to achieve premium growth during this difficult time due to positive contributions from Property Damage, General Liability and Pecuniary Loss business. Rates...

... insurance policy through Facebook and WhatsApp messages. The victim, after paying the premium through Faster Payment System (FPS) and receiving a cover note from the fraudsters, later found out that the cover note was forged and the policy application for the victim’s vehicle has never been made with...

... Supervised Groups under the Group-wide Supervision Regime Attachment: Note on the Treatment of “Closely Linked” Entities 30 September 2021 Joint Inspection on the Use of Premium Financing to Take Out Long Term Insurance Policies in...

... visitors were critical illness, whole life and medical policies, representing 58%, 33% and 3% of new policies taken out by them respectively. On method of premium payment, about 99% of new policies taken out by Mainland visitors were settled at regular intervals, i.e. non-single premium...

... protective in nature, such as critical illness, medical, whole life, term life and annuity products. In terms of premium payment pattern, about 99% of the policies were paid at regular intervals, i.e. non-single premiums. General business In 2018, the gross and net premiums of...

... premium through bespoke digital distribution channels without the involvement of intermediaries,” said Mr Clement Cheung, Chief Executive Officer of the IA. “Insurtech is beneficial to both the industry and consumers as it stimulates innovation, enhances value proposition, improves...

... quotation which is issued by the broker company to the policy holder, or in the premium debit note, invoice or similar document issued by the broker company to the policy holder for the purpose of collecting the premium from the policy holder. (e) “individual appointed as controller”, in relation to an...

... quotation which is issued by the broker company to the policy holder, or in the premium debit note, invoice or similar document issued by the broker company to the policy holder for the purpose of collecting the premium from the policy holder. (e) “individual appointed as controller”, in relation to an...

... quotation which is issued by the broker company to the policy holder, or in the premium debit note, invoice or similar document issued by the broker company to the policy holder for the purpose of collecting the premium from the policy holder. (e) “individual appointed as controller”, in relation to an...