... issuing insurance-linked securities, enlarged scope of business capable of being underwritten by captives, granting of tax concession for marine and specialty insurance, establishment of the Policy Holders’ Protection Scheme, and there are more. Why does the IA pursue these reforms? Although Hong Kong...

... better risk management and policyholders’ protection. 10 Pillar 1 – Quantitative Requirements • IA launched the first Quantitative Impact Study (“QIS 1”) and distributed the technical specifications and templates to the industry on 28 July 2017. • QIS 1 submissions by 1 December 2017 Data analysis will...

... Insurance Ordinance (Cap. 41) (“Ordinance”) and its principal function to regulate and supervise the insurance industry for the protection of policy holders and potential policy holders. This Guideline also takes account of the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP...

... Insurance Ordinance (Cap. 41) (“Ordinance”) and its principal function to regulate and supervise the insurance industry for the protection of policy holders and potential policy holders. This Guideline also takes account of the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP...

... Insurance Ordinance (Cap. 41) (“Ordinance”) and its principal function to regulate and supervise the insurance industry for the protection of policy holders and potential policy holders. This Guideline also takes account of the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP...

... Crime Surveillance Statutory Reporting Policy Holder’s Protection Cybersecurity Risk Management Strengthen Suptech Foster Regtech IT Strategy 2021-2025 Enhancing Supervision and Compliance 8 v Thank You www.ia.org.hk Insurance Authority Follow us: 蓋世保鑑Insurpedia ...

... will notice that the Financial Secretary has assured that while top priority must be given to safeguarding of lives and protection of public health, the Government is ready to adjust its preventive measures when there are signs that the pandemic has alleviated. This necessarily demands a balancing act....

... stage of our struggle against COVID-19, and I am impressed by the solidarity and determination with which industry stakeholders have strived to deliver quality service and timely protection for policyholders. Let us rally with this spirit to tackle the emerging challenge. Yours faithfully, Clement...

... form of a catastrophe bond by the World Bank (International Bank for Reconstruction and Development) in Hong Kong with a size of US$350 million (equivalent to about HK$2.75 billion), offering protection against losses related to earthquake risks in Chile over the next three years. “Hong...

... insurance practitioners and Self-Regulatory Organisations in devising the Guideline. The Guideline was published for public consultation from 26 October to 27 December 2018. The respondents generally welcomed the introduction of unified penalty standards across the industry for protection of policy holders...