... months by now, I would like to share with readers some of my observations on the Hong Kong insurance industry and the issues confronting it. The first quarter figures released in May are revealing. Long term in-force business grew by 36% over the same period last year and new business increased by a...

... months by now, I would like to share with readers some of my observations on the Hong Kong insurance industry and the issues confronting it. The first quarter figures released in May are revealing. Long term in-force business grew by 36% over the same period last year and new business increased by a...

...,056 東亞人壽 BEA Life 31-12-18 36,775 14,367,675 3,272,974 1,008 11,924,591 藍十字 Blue Cross 31-12-18 9,016 1,794,389 22,437 - 941,942 中銀人壽 BOC LIFE 31-12-18 370,705 150,294,741 18,952,020 1,159,833 103,873,604 保泰人壽 Bowtie Life 31-12-18 - - - - - Canada Life Assurance Canada Life Assurance 31-12-18 11,533 8...

... to briefly explain what ILAS is as a product type in general, without exploring any ILAS product options to the customer. IV. IMPLEMENTATION Q 10. Is there any transitional arrangement for FNA performed before the implementation date of 1 January 2016 but the policy concerned is not issued before...

... outsourcing. Q7 In selling an insurance policy, if the insurance agent is authorized to issue the policy on behalf of the authorized insurer, would such activity be regarded as outsourcing? A7 Such activity is a type of ancillary services relating to the sale of insurance policies by an insurance agent and is...

... appointed technical representatives (“TRs”). It is also noteworthy that over 80% of insurance agencies surveyed engage solely in general business. 2. In terms of the type of products being offered by the insurance agencies, motor vehicle insurance was the most popular product, which was offered by 82% of...

... appointed technical representatives (“TRs”). It is also noteworthy that over 80% of insurance agencies surveyed engage solely in general business. 2. In terms of the type of products being offered by the insurance agencies, motor vehicle insurance was the most popular product, which was offered by 82% of...

... and type of mitigation to be applied; (c) obtained the approval of senior management on the assessment results; (d) a process by which the risk assessment is kept up-to-date; and (e) appropriate mechanisms to provide your risk assessment to the Insurance Authority when required to do so. Should you...

... aims to promote prudent practice of the industry in underwriting EC insurance and to foster a higher professional standard in this type of business transaction. On the part of the insurance regulator, the Insurance Authority plays an active role in the following areas: (a) Transparency of EC Insurance...

... aims to promote prudent practice of the industry in underwriting EC insurance and to foster a higher professional standard in this type of business transaction. On the part of the insurance regulator, the Insurance Authority plays an active role in the following areas: (a) Transparency of EC Insurance...