... assets of an insurance broker company from $100,000 to $500,000;  to increase the minimum limit of indemnity under a PII policy required to be maintained by an insurance broker company from $3 million to $5 million;  to introduce a cap on the amount of the deductible for the aforesaid PII policy;  to...

... and Third Party exceeded 100%, with combined ratios of 135.9% and 126.2% respectively. The IA will continue to work with the industry to facilitate sustainable development of the MV insurance market. Figure 12 Direct Motor Vehicle Business Key Statistics 3 Provisional statistics are unaudited and...

... number of policy year should not be illustrated higher than customer’s age at one-hundred (100). Besides, the last few lines should be illustrated by “at age 90”, “at age 95” and “at age 100" for the better understanding of customers. The declaration in the notes should include reference to the fact that...

... Management Expenses Underwriting Profit/(Loss) 9,915,161 8,260,777 7,101,072 1,033,816 732,773 6,247,622 4,949,795 4,985,298 27,329 1,045,794 309,878 2,682,625 2,184,450 2,289,940 605,347 467,297 1,686,915 1,384,949 1,436,622 (4,388) 308,327 82,082 85,217 19,100 22,073 7,065 4,731 29,575 26,543 16,267 0 3...

... premiums will decline by 3 0.1%, while total sum of related claims could eventually balloon to a mind- boggling US$100 billion. The insurance industry in Hong Kong is not immune, with latest statistics showing that premium growth for the first three quarters of 2020 had slowed down to 5.5%. New business...

...,639.3 1,709.7 -4.1% Pecuniary Loss 非比例協約 180.5 153.4 17.7% 153.4 139.1 10.3% Non-Proportional Treaty 比例協約 654.5 499.4 31.1% 546.5 428.5 27.5% Proportional Treaty 總額 55,434.6 53,100.8 4.4% 37,704.0 34,733.4 8.6% Total 一般保險業務 General Insurance Business 業務類別 2019 2018 Class of Business 百萬元 百萬元 $ m $ m 意外及...

... (agent); or (d) a director or an employee of a licensed insurance agency who manages or controls any matter relating to a regulated activity of the agency. Contravention – A person who contravenes this restriction commits an offence and is liable to a fine of up to level 6 (i.e. HK$100,000 at present...

... Statistical Highlights Premiums 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 240,000 220,000 200,000 180,000 160,000 General Insurance Gross PremiumsLong Term Insurance Office Premiums $million Premiums ( Accessible Version ) 2003 2004 2005 2006 2007...

... Statistical Highlights Premiums 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 240,000 220,000 200,000 180,000 160,000 General Insurance Gross PremiumsLong Term Insurance Office Premiums $million Premiums ( Accessible Version ) 2003 2004 2005 2006 2007...

... Statistical Highlights Premiums 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 240,000 220,000 200,000 180,000 160,000 General Insurance Gross PremiumsLong Term Insurance Office Premiums $million Premiums ( Accessible Version ) 2003 2004 2005 2006 2007...