...保險保單一次過繳付的款項。 means a policy holder's one-off payment for an insurance policy. 法定業務 Statutory business 指承保以下條例描述的法律責任的保險業務： means the business of insurance against liability described in: a)《汽車保險（第三者風險）條例》（第272章）第6條； a) section 6 of the Motor Vehicles Insurance (Third Party Risks) Ordinance (Cap. 272...

... taxi industry. If you do a Google search on “financial technologies (or “Fintech”) in the insurance industry”, there are lots of interesting stories including peer-to-peer insurance, and motor insurance which can be offered on a variable rate according to miles driven. It is clear that more and more...

... a fairly small number of people. The consequences may be serious, even fatal, for those involved, but are comparatively localised. Such risks include motor accidents, personal injuries and the like. (ii) Fundamental Risks: Their causes are outside the control of any one individual or even a group of...

... limited consequences, and affect an individual or a fairly small number of people. The consequences may be serious, even fatal, for those involved, but are comparatively localised. Such risks include motor accidents, personal injuries and the like. (ii) Fundamental Risks: Their causes are outside the...

... Prevention Claims Database (“IFPCD”) which currently covers motor insurance and medical insurance claims and mirrors industry-led initiatives in other developed insurance markets. IFPCD is designed as a tool with self-learning capability to detect potential fraudulent claims so that insurers can...

..., and affect an individual or a fairly small number of people. The consequences may be serious, even fatal, for those involved, but are comparatively localised. Such risks include motor accidents, personal injuries and the like. (ii) Fundamental Risks: Their causes are outside the control of any one...

... a fairly small number of people. The consequences may be serious, even fatal, for those involved, but are comparatively localised. Such risks include motor accidents, personal injuries and the like. (ii) Fundamental Risks: Their causes are outside the control of any one individual or even a group of...

... Guidance Note 9 on Actuarial Review of Insurance Liabilities in respect of Employees’ Compensation and Motor Insurance Businesses (GN 9) provide requirements for reserving on some specified classes of general business. Under GN 9, a risk margin is required to be provided for motor and employees...

... manage the insurer’s risk exposure with regard to its risk tolerance level (e.g. assessment on the adequacy of the limit covering maximum exposure vis-à-vis an accumulation of several claims and the need for clash cover for employees’ compensation / motor insurance business; or assessment on the need to...

... is: can this need be satisfied by the current 4 insurer cap, or should it be increased to 5? 14. The statistics on Hong Kong general business compiled by the IA indicate that over 40 insurers currently offer insurance products for major lines of business (including medical, motor vehicle, property...