... evolving global financial landscape and changing international standards, the ia is developing a risk-based Capital (“rbC”) regime, which aims to enhance corporate governance and risk management practices for the industry. under the new regime, capital requirements for insurers need to be commensurate with...

... evolving global financial landscape and changing international standards, the ia is developing a risk-based Capital (“rbC”) regime, which aims to enhance corporate governance and risk management practices for the industry. under the new regime, capital requirements for insurers need to be commensurate with...

... Consultation Conclusions on: (1) Draft Guideline on Fit and Proper Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41) and (2) Draft Guideline on Continuing Professional Development for Licensed Insurance Intermediaries July 2019 Contents Executive Summary 1 Feedb...

... Office of the Commissioner of Insurance 2015 Annual Report ANNUAL REPORT Supervision • Protection • Development 2015 Contents Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 Work of the Insurance Authority 15 General Insurance Busine...

... Office of the Commissioner of Insurance 2015 Annual Report ANNUAL REPORT Supervision • Protection • Development 2015 Contents Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 Work of the Insurance Authority 15 General Insurance Busine...

... Office of the Commissioner of Insurance 2015 Annual Report ANNUAL REPORT Supervision • Protection • Development 2015 Contents Mission Statement 3 Key Indicators 5 Insurance Industry Statistical Highlights 8 Message from the Commissioner 12 Work of the Insurance Authority 15 General Insurance Busine...

... into account the following considerations :     The framework must be IAIS ICP-compliant.  Reference should be drawn from the experiences of overseas jurisdictions that have already put in place RBC regimes.  The framework should take into account the market landscape and special needs of Hong Kong...

... Agents 4 context of a highly competitive insurance market, a changing legal and regulatory landscape, new opportunities, differing business needs and evolving customer expectations). IA’s response 10. We are pleased that there is general agreement regarding the objective of “treating clients fairly...

... Agents 4 context of a highly competitive insurance market, a changing legal and regulatory landscape, new opportunities, differing business needs and evolving customer expectations). IA’s response 10. We are pleased that there is general agreement regarding the objective of “treating clients fairly...