... economic profile Premium payment of an insurance policy in large amount of cash Red Flags Red Flags –– Insurance SectorInsurance Sector @H on g Ko ng P ol ic e Fo rc e fo r Tr ai ni ng P ur po se O nl y ©Hong Kong Police Force香港警務處版權所有 Repeated & unexplained changes in beneficiary’s details Acceptance of...

... economic profile Premium payment of an insurance policy in large amount of cash Red Flags Red Flags –– Insurance SectorInsurance Sector @H on g Ko ng P ol ic e Fo rc e fo r Tr ai ni ng P ur po se O nl y ©Hong Kong Police Force香港警務處版權所有 Repeated & unexplained changes in beneficiary’s details Acceptance of...

... economic profile Premium payment of an insurance policy in large amount of cash Red Flags Red Flags –– Insurance SectorInsurance Sector @H on g Ko ng P ol ic e Fo rc e fo r Tr ai ni ng P ur po se O nl y ©Hong Kong Police Force香港警務處版權所有 Repeated & unexplained changes in beneficiary’s details Acceptance of...

... conduct matter.   The "invisible hand" of the market Insurance practitioners always talk about the “market”. Listen in to their discussions and you will catch snatches of conversation about where the market sits on premium rates (“hard” or...

... insurer:   General Business Insurer  The solvency margin is the greater of : one-fifth of the relevant premium income up to HK$200 million, plus one-tenth of the amount by which the relevant premium income exceeds HK$200 million; or...

... and provisions for bad and doubtful debts) in respect of direct business and reinsurance inward business is admitted up to 25% and 75% respectively of the gross premium income (less commissions) of the corresponding types of business. 5.24 Should the financial year of an insurer relates to a period...

... Insurance 5.1.3 Academic Classification of Insurance 5.1.4 Reinsurance 5.2 Size of Industry 5/5 5.2.1 Authorised Insurers 5.2.2 Registered or Authorised Insurance Intermediaries 5.2.3 Persons Employed 5.2.4 Premium Volume 5.3 Insurance Companies 5/7 5.4 Insurance Intermediaries 5/8 5.5 Market Associations...

... Employed 5.2.4 Premium Volume 5.3 Insurance Companies 5/7 5.4 Insurance Intermediaries 5/8 v 5.5 Market Associations/Insurance Trade Organisations 5/8 5.5.1 The Hong Kong Federation of Insurers (‘HKFI’) 5.5.2 Approved Bodies of Insurance Brokers 5.5.3 Industry Organisations to Assist Claimants or Victims...

...: A minimum total premium of HK$180,000 and minimum payment period of five years; A minimum annuity period of 10 years; Annuitization at the age of 50 or above; and Fulfilment of the following disclosure requirements...