... RELATING TO AIs Licensing 12. Under Part X of the IO, the IA is responsible for granting licences to persons to become licensed insurance intermediaries, renewing such licences and granting - 4 - approvals in relation to regulated activities. These include granting an insurance agency licence or an...

... RELATING TO AIs Licensing 12. Under Part X of the IO, the IA is responsible for granting licences to persons to become licensed insurance intermediaries, renewing such licences and granting - 4 - approvals in relation to regulated activities. These include granting an insurance agency licence or an...

... RELATING TO AIs Licensing 12. Under Part X of the IO, the IA is responsible for granting licences to persons to become licensed insurance intermediaries, renewing such licences and granting - 4 - approvals in relation to regulated activities. These include granting an insurance agency licence or an...

... RELATING TO AIs Licensing 12. Under Part X of the IO, the IA is responsible for granting licences to persons to become licensed insurance intermediaries, renewing such licences and granting - 4 - approvals in relation to regulated activities. These include granting an insurance agency licence or an...

... Risks Consortium Orchestrates and facilitates State Owned Enterprises / Captives Anchor Re/insurers Re/insurance Brokers Mainland Re/insurers in HK Hong Kong authorized insurers Lloyd’s Class Capacity(US$M) Credit 530 Engineering 1190 K&R 185 Liability 100 Marine 125 Political Risk 675 Political...

... Risks Consortium Orchestrates and facilitates State Owned Enterprises / Captives Anchor Re/insurers Re/insurance Brokers Mainland Re/insurers in HK Hong Kong authorized insurers Lloyd’s Class Capacity(US$M) Credit 530 Engineering 1190 K&R 185 Liability 100 Marine 125 Political Risk 675 Political...

... premiums will decline by 3 0.1%, while total sum of related claims could eventually balloon to a mind- boggling US$100 billion. The insurance industry in Hong Kong is not immune, with latest statistics showing that premium growth for the first three quarters of 2020 had slowed down to 5.5%. New business...

... Management Expenses Underwriting Profit/(Loss) 9,915,161 8,260,777 7,101,072 1,033,816 732,773 6,247,622 4,949,795 4,985,298 27,329 1,045,794 309,878 2,682,625 2,184,450 2,289,940 605,347 467,297 1,686,915 1,384,949 1,436,622 (4,388) 308,327 82,082 85,217 19,100 22,073 7,065 4,731 29,575 26,543 16,267 0 3...

... “Principals”, of which no more than two may be long term insurers. “Principal” is defined in the HKFI Code as: “an insurer to whom Part X of the Ordinance applies. However, unless otherwise stated, persons collectively represented as a syndicate of Lloyd’s shall be treated as one Principal for the purposes of...