... reinsurers. The risks involved in investment assets have a critical impact on the profitability and stability of Israeli insurance companies. In 2006, income from investment assets constituted more than 60% of the insurance companies’ pre-tax profits. The strength of their impact was reflected in, inter alia...

... 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...

... Life insurance $40 $60 $85 $100 General insurance $2,000 $3,000 $4,250 $5,000 As stated in the law, if a policy...

... earnings 60 CRa(A) = 20 + 60 – 10 = 70 14 Consolidated financial statement of “Intermediate Holding Entity B” Assets Liabilities and Equities Investment in associate (Affiliate D) 150 Total liabilities* 400 Other assets* 550 Share capital 50 Retained earnings 250 *Includes consolidated assets and...

... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

... 未滿期保費調整 Unearned Premiums Adjustment 21.3 22.9 4.8 (10.7) 1.5 40.3 (200.1) (21.9) (0.7) 51.0 (91.6) 滿期保費 Earned Premiums 394.1 206.0 36.0 142.9 50.3 905.2 716.8 183.4 152.5 494.0 3,281.2 須付的佣金 Commissions Payable 126.5 50.6 7.6 45.4 12.7 232.4 79.7 43.9 14.0 168.6 781.4 管理開支 Management Expenses 26.4...