... Capital level. Localization of RAS 4.4 Insurers operating in Hong Kong being part of larger multinational groups, whether in the form of local incorporated entities or branches, should implement localized RAS appropriate for the Hong Kong operations. Some insurers adopted the RAS set at group level, which...

... recommendation in respect of a suitable life insurance policy to the customer, with the recommendation being based on that assessment. The requirements in relation to an FNA are set out in Guideline on Financial Needs Analysis issued (GL30) by the IA (see further paragraph 5 below); 3 (g) “Important Facts...

... This circular letter is intended to provide general guidance on the application of the Valuation Rules in this regard. The accounting treatment of a ROU asset and related lease liability is set out in Hong Kong Financial Reporting Standard 16 Leases. We understand that there are different...

... This circular letter is intended to provide general guidance on the application of the Valuation Rules in this regard. The accounting treatment of a ROU asset and related lease liability is set out in Hong Kong Financial Reporting Standard 16 Leases. We understand that there are different...

... IA’s Future Task Force, consisting of industry experts and academics, was set up to make recommendations embracing Insurtech and promoting the sustainable development of the insurance industry. The report also provides details on the upcoming regulatory initiatives to maintain market...

... and local financial regulators, industry leaders and academics to set the direction and strategies for the future development of the insurance industry. Ends ...

... providing certified plans are required to comply with the rules of the scheme, including the product compliance requirements and the code of practice set by the Health Bureau. For details, please visit the VHIS website. Lodging a complaint Insurers should provide policy holders...

... in (1) above and the consequences in case of breach. 4. If deemed necessary, you should consult your own legal advisors. 5. The full set of the Act can be found at the official website of FSA at: http://www.fsa.go.jp/common/law/ins01.pdf Kind Regards Tommy Chan Secretary-General & Registrar The Hong...

... functions or 4 appointed actuary of an authorized insurer, is required to provide his particulars in the relevant prescribed Form(s) to the IA for consideration. The relevant Forms1 for seeking approval or notification of any changes of or in the particulars of such persons are set out in Schedules 2, 4, 5...

... functions or 4 appointed actuary of an authorized insurer, is required to provide his particulars in the relevant prescribed Form(s) to the IA for consideration. The relevant Forms1 for seeking approval or notification of any changes of or in the particulars of such persons are set out in Schedules 2, 4, 5...