... business was mainly driven by new business as well as rates hardening after losses from super- typhoons in the previous two years. The retention rate for direct business in 2019 increased to 70.1%, similar to the average retention rate in the past five years, compared with a retention rate of 65.4% in...

... 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...

... 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...

... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

...,510 - - - - - - - - - - - - - - 327,925 297,356 2,432 2,260 105,895 79,837 77,269 60,477 - - - - 1,844,905 1,412,775 - - - - 24,947 21,507 3,253 3,236 32,494 25,833 70,111 65,149 148,395 130,975 - - - - 21,364 21,274 3,674 3,674 26,761 24,856 75,577 73,145 142,755 137,105 - - - - 146,279 134,298...

...) Size and type of insurance business, and targeted users iii) Technology involved iv) Expected outcome and success criteria of the trial B. Risk management controls C. Customer protection D. Resources and readiness of the insurer E. Exit strategy 19 “Fast Track” • A dedicated queue for new authorization...

... authorities and/or law enforcement agencies during the investigation of the contravention; and (iv) the likelihood that the insurance institution will commit the same type of contravention in the future if no or a lighter penalty is imposed. (c) The previous disciplinary record and compliance history of the...