... product 1 Mr Yin Zonghua, Deputy Director, Liaison Office of the Central People’s Government in the HKSAR 2 Mr Jonathan Dixon, Secretary General, the International Association of Insurance Supervisors 2 features, robust business continuity plans, fortified risk assessment processes and internal controls....

... and capital allocation to be coordinated and ensure adequate protection to policy holders 12 Pillar 2 – Qualitative Requirements Own Risk and Solvency Assessment (ORSA) • ORSA is central to insurers’ ERM framework: • Allow the Board and senior management to anticipate the key risks and capital needs...

... and capital allocation to be coordinated and ensure adequate protection to policy holders 12 Pillar 2 – Qualitative Requirements Own Risk and Solvency Assessment (ORSA) • ORSA is central to insurers’ ERM framework: • Allow the Board and senior management to anticipate the key risks and capital needs...

... Principals are expected to keep a central register of all individual licensees appointed by them who completed RIME. They should put in place measures to ensure that such individual licensees fulfill either one of the two post measures as outlined above within the 18-month period allowed, and take proactive...

... and capital allocation to be coordinated and ensure adequate protection to policy holders 12 Pillar 2 – Qualitative Requirements Own Risk and Solvency Assessment (ORSA) • ORSA is central to insurers’ ERM framework: • Allow the Board and senior management to anticipate the key risks and capital needs...

... respect of catastrophe bonds. There is potential for more ILS transactions in Asia. In particular, there are business opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area development, with support from the Central Government for Mainland insurers to issue catastrophe bonds in Hong...

... as「金融三十條」). • Cross-boundary motor and medical products • Service Centers • ILS development – the Central Government supports Mainland insurers to issue catastrophe bonds in HK by relaxing the requirements for establishing special purpose insurers. Greater Bay Area Development 11 Mr Simon Lam Hong...

... as「金融三十條」). • Cross-boundary motor and medical products • Service Centers • ILS development – the Central Government supports Mainland insurers to issue catastrophe bonds in HK by relaxing the requirements for establishing special purpose insurers. Greater Bay Area Development 11 Mr Simon Lam Hong...

...’ Responsibilities We ask that Principals keep a central register of all individual licensees appointed by them who have relied on RIME results to apply for an insurance intermediary licence. We also ask that they put in place measures to ensure that such licensees fulfill either one of the two post measures as...

... policy holders 11 Pillar 2 – Qualitative Requirements Own Risk and Solvency Assessment (ORSA) • ORSA is central to insurers ERM framework: • Allows the Board and Senior management to anticipate the key risks and capital needs from a prospective view • Continuity analyses and Stress Scenarios (plausible...