... 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...

... 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...

... 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...

..., gross and net premiums increased by 3% to $36 billion and 2.1% to $25.3 billion respectively in 2017 compared with 2016, mainly driven by Accident & Health business (comprising Medical business) which recorded a growth in gross premiums from $13 billion to $14.4 billion. The underwriting...

... increased 36% to $3.8 billion and 42.5% to $2.5 billion respectively in the first quarter of 2018 compared with the corresponding period in 2017. However, the underwriting loss widened from $15 million to $333 million. A summary of provisional statistics of the Hong Kong insurance business for the...

... premiums for new Individual Life business remained stable at $150.6 billion, including $133.2 billion from Individual Life (Non-Linked) business (decreased by 3.4%) and $17.4 billion from Linked business (increased by 36.7%). The total number of new policies was 1.3 million in 2018 (increased by 1.5...

...  Request for accounting concession • Levy on insurance premiums from policyholders from 1.1.2018 14 Levy rates 15 Phase 1 Phase 2 Phase 3 Phase 4 1.1. 2018 to 31.3.2019 1.4. 2019 to 31.3. 2020 1.4. 2020 to 31.3. 2021 From 1.4.2021 onwards Levy rate 0.04% 0.06% 0.085% 0.1% Levy cap Life insurance $40 $60...

...  Request for accounting concession • Levy on insurance premiums from policyholders from 1.1.2018 14 Levy rates 15 Phase 1 Phase 2 Phase 3 Phase 4 1.1. 2018 to 31.3.2019 1.4. 2019 to 31.3. 2020 1.4. 2020 to 31.3. 2021 From 1.4.2021 onwards Levy rate 0.04% 0.06% 0.085% 0.1% Levy cap Life insurance $40 $60...

... deduction for their qualifying deferred annuity premiums up to a maximum limit of HK$60,000* per assessment year. For detailed arrangements, please refer to the dedicated webpage on Tax Deductions for QDAP and Tax Deductible MPF Voluntary Contributions and the Inland Revenue Department’s website....