... its Hong Kong business. 29. A description of the arrangements made by the company for setting premium rates in respect of each class of business it proposes to carry on in Hong Kong, including the bases and methodologies used. 30. In the case of a company incorporated in Hong Kong, provide two sets of...

... by another insurer by misrepresentation, fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on...

... its Hong Kong business. 29. A description of the arrangements made by the company for setting premium rates in respect of each class of business it proposes to carry on in Hong Kong, including the bases and methodologies used. 30. In the case of a company incorporated in Hong Kong, provide two sets of...

... from a premium levy, authorization charges and intermediary licensing fees, the IA is compelled to be customer-oriented and 1 Mr. Bhabani Sankar Rath, Chairman of The Hong Kong Confederation of Insurance Brokers 2 Mr Adrian King, Honorary Secretary of The Hong Kong Confederation of Insurance Brokers 2...

... from a premium levy, authorization charges and intermediary licensing fees, the IA is compelled to be customer-oriented and 1 Mr. Bhabani Sankar Rath, Chairman of The Hong Kong Confederation of Insurance Brokers 2 Mr Adrian King, Honorary Secretary of The Hong Kong Confederation of Insurance Brokers 2...

... intervals (i.e. non-single premium). General business In the first half of 2023, the gross and net premiums of general insurance business were $37 billion (increased by 5.1%) and $23.3 billion (increased by 3.4%) respectively, against which total gross claims of $15.2 billion...

... quarterly basis, but the first three quarters still saw such premiums reaching $46.8 billion or 32% of the total for individual businesses. As before, around 97% of the policies taken out by this group of customers were settled at regular intervals (i.e. non-single premium). Whole life, critical illness and...

... from a premium levy, authorization charges and intermediary licensing fees, the IA is compelled to be customer-oriented and 1 Mr. Bhabani Sankar Rath, Chairman of The Hong Kong Confederation of Insurance Brokers 2 Mr Adrian King, Honorary Secretary of The Hong Kong Confederation of Insurance Brokers 2...

..., with the exception of pure reinsurers. A pure reinsurer is required to give only one set of financial projections on a “realistic estimate” basis. As regards a captive insurer, only projections on premium income and claims outstanding for the first three years of operation are required. 29. For an...