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⏭... major jurisdictions in 2050: Japan (1st at 40.1%); South Korea (2nd at 35.9%); Taiwan (4th at 34.9%); Germany (19th at 30.1%); US (48th at 22.1%). - 4 - million in 2014 to 2.58 million in 2064. Hong Kong people are definitely living longer. Among the elderly people now aged 65, 60% are expected to live...
https://www.ia.org.hk/english/infocenter/files/Section6.2_160421_HKFIlunchtalk.pdf -
Date: 2020-06-12
[PDF]
GL16.pdf
... further relevant information depending on the type of insurance product. 10.5 On-going communication with policyholders should be maintained at least annually as an integral part of expectation management (e.g. projections for non-guaranteed benefits in anniversary statements). 10.6 Authorized insurers...
https://www.ia.org.hk/english/legislative_framework/files/GL16.pdf -
Date: 2020-09-24
... 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...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_Roles_of_IA_New_regulation_landscape_for_insurance_cos.pdf -
Date: 2021-12-09
... 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...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_Roles_of_IA_New_regulation_landscape_for_insurance_cos.pdf -
Date: 2021-09-08
... gross and net premiums of direct business were $35.6 billion (increased by 5%) and $25.1 billion (increased by 4.9%) respectively. Accident & Health business suffered a decline of 3.8% as the Non-medical subclass slumped by 40.2% with no uptick of outbound travel, and the Medical subclass edged up...
https://www.ia.org.hk/english/infocenter/press_releases/20201130.html -
Date: 2021-09-03
..., about 99% of the policies were paid at regular intervals, i.e. non-single premiums. General business The gross and net premiums of general insurance business recorded in the first three quarters of 2018 were $40.5 billion (increased by 7.1%) and $28 billion (increased by 7.9...
https://www.ia.org.hk/english/infocenter/press_releases/20181130.html -
Date: 2018-11-30
..., of which the amount were $15.8 billion (increased by 9.4%), $9.5 billion (increased by 4.7%) and $4.4 billion (increased by 7.3%) respectively. In spite of the premium growth, the underwriting profit of direct business reduced from $445 million to $267 million (decreased by 40%). Due to the impact of...
https://www.ia.org.hk/english/infocenter/press_releases/20190315.html -
Date: 2019-03-15
... 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...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_Roles_of_IA_New_regulation_landscape_for_insurance_cos.pdf -
Date: 2020-06-12
... Recommendation for Long Term Insurance Business (Including Linked Long Term Insurance). To avoid any doubt or confusion, this Guidance Note is NOT applicable to General Insurance Business or indemnity-type medical insurance wrapped under long term insurance policy. Background On 30 July 2014, the Office of the...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN12_on_Product_Recommend_Includ_LLT_v1_18_12_2014_eg19.pdf -
Date: 2019-12-20
... active adult. Market statistics have identified MPGs for other jurisdictions in Asia ranging from USD 0.6 trillion (HKD 4.7 trillion) for Singapore to USD 40.6 trillion (HKD 316.7 trillion) for Mainland China. Significant size of MPG In contrast to other financial instruments, where funds require a much...
https://www.ia.org.hk/english/infocenter/files/Mortality_Protection_Gap_Report_eng.pdf -
Date: 2021-12-14