... 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...

..., 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...

... circumstances affecting their fit and proper status. 7.4 A Member shall not adopt a company name that, in the opinion of the General Committee, is likely to deceive, mislead or confuse and in particular shall not import the name of an insurance company or of an insurance organization. 7.5 A Member shall...

... Non-Linked Business Office premiums for new Non-Linked business recorded an increase of 4.7% to $139,422 million in 2019, with single premium business reducing by 6.8% and regular premium business increasing by 9.6%. The number of policies increased by 3.9% to 1,291,524. With-profits and without-profits...

... included; or (ii) for each and every other insurance transaction, in either the formal proposal or the quotation, cover note, the premium debit note or covering letter, whichever be issued earlier by the Member to the client. 6 The required Form of Disclosure shall be as follows:- "[Broker Name] (the...

... claims reserving policy to be stated is in respect of 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...

... claims reserving policy to be stated is in respect of 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...