...) reinsurance management framework of the insurer; (b) type of reinsurance arrangements; (c) maximum retention of the insurer; (d) spread of risks among reinsurers; and (e) security of reinsurers. 5.3 Authorized insurers should also consider conducting stress testing under different stressed scenarios regularly...

... projection model or breakdown of results. • Impact – A long term insurer should include in its ORSA Report a description of the impact of each scenario including commentary on the results and, where appropriate, a breakdown of the movements in capital (e.g. by asset/liability type) and PCR (e.g. by PCR risk...

... projection model or breakdown of results. • Impact – A long term insurer should include in its ORSA Report a description of the impact of each scenario including commentary on the results and, where appropriate, a breakdown of the movements in capital (e.g. by asset/liability type) and PCR (e.g. by PCR risk...

... Representative Examination Questions The examination will consist of 80 multiple-choice questions. The majority of the questions will be very straightforward, involving a simple choice from four alternatives. These we may call Type “A” Questions. A selection of the questions (probably between 10% and 15%) will...

... The most popular type of investment-linked insurance product is flexible premium variable life insurance (also called "variable universal life" or "universal variable life"). 1.2 CONCEPT As mentioned in the previous section, investment-linked insurance policies are insurance policies with its policy...

... Kong General Insurance Business Statistics 2020 Slight discrepancies may be found in the same type of figures in different statistical tables due to rounding off. A total of 108 insurers submitted their Hong Kong General Business Returns with annual accounting basis for 2020, which are covered in these...

... Business Statistics 2018 Slight discrepancies may be found in the same type of figures in different statistical tables due to rounding off. A total of 106 insurers submitted their Hong Kong General Business Returns with annual accounting basis for 2018, which are covered in these statistics (see Appendix 1...

... of the insurance products concerned before the customers make a purchase decision. The upfront disclosure should include, where applicable, objective(s); type and nature of the policy; target benefit period; payment period; level of premiums payable; prominent warning to the customer concerning...