... 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...

... disciplinary actions against the DIHC. The Group-wide Supervision (“GWS”) framework The GWS framework is anchored on three pillars: Pillar 1 Pillar 1 establishes capital requirements which a DIHC in relation to its supervised group would be...

... actuaries in the near future. 7. Ladies and gentlemen, you would probably agree with me in saying that the establishment of IIA is timely. With more operational flexibility than a government department, the IIA can collaborate with the industry more effectively to harness technologies, raise the competence...

... actuaries in the near future. 7. Ladies and gentlemen, you would probably agree with me in saying that the establishment of IIA is timely. With more operational flexibility than a government department, the IIA can collaborate with the industry more effectively to harness technologies, raise the competence...

... actuaries in the near future. 7. Ladies and gentlemen, you would probably agree with me in saying that the establishment of IIA is timely. With more operational flexibility than a government department, the IIA can collaborate with the industry more effectively to harness technologies, raise the competence...

... iAM Smart Modernize Infrastructure Cybersecurity, Personal Data Privacy, Ethics, Regtech/Suptech Address Regulatory Concerns Insurance Authority Corporate Strategy 9 Policy Holders’ Protection Market Development Product Innovation Policy Holders’ Protection: Risk-based Capital Regime 10 Pillar 1...

... Mutual Evaluation Report of Hong Kong 6 September 2019 Our Ref: INS/TEC/6/45 To: Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Mutual Evaluation Report of Hong Kong We are writing to draw your attention to the Mutual Evaluation Report of Hong Kong (“the ME...

... appointment as a new Non-Executive Director (NED) of the IA and the seven incumbent NEDs on their reappointments: Mr Samuel Chan Ka-yan, Professor Chan Wai-sum, Ms Chitty Cheung Fung-ting, Mr Kenneth Kwok Tsun-wa, Mr Ma Ho-fai, Mr James Wong Chien-kuo and Mr Stephen Yiu Kin-wah. Established in...

..., the level of risk to which an insurer is exposed will be taken into account when determining its capital requirement. Q5 What are the three Pillars under the RBC framework ? A5 An RBC framework covers three major areas, known as the Three Pillars. Pillar 1 consists of the quantitative requirements...

... Guideline has been revised to focus, in relation to group risk, on requirements at the solo level. (See paragraphs 2.3, 6.5.1 to 6.5.5, Annex A and Annex B) 3. Introduction of “Pillar 2 Capital amount” The industry would like to seek further guidance and expectation on “internal economic capital” and...