... 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...
https://www.ia.org.hk/english/supervision/reg_insurers_lloyd/regulatory_requirements.html -
Date: 2020-09-07
... 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...
https://www.ia.org.hk/english/legislative_framework/files/GL2.pdf -
Date: 2020-09-24
...: 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...
https://www.ia.org.hk/english/qualifying_deferred_annuity_policy/faqs.html -
Date: 2020-07-22
... manual procedures, reduce administrative costs, and create more room for innovation in different types of insurance. It also provides the market with more diversified premium levels and more personalised protection insurance products. This allows people of different ages and social strata to obtain the...
https://www.ia.org.hk/english/digital_onboarding/promotion_of_insurtech_development.html -
Date: 2024-01-18
... exclusions. The above fictional cases are for reference only. The claim results of individual cases depend on specific situations and policy terms. For the coverage, exclusions, benefit limits and premium levels of a specific travel insurance plan, please refer to the relevant policy...
https://www.ia.org.hk/english/travel_insurance/claims_cases.html -
Date: 2024-01-18
... and premium turnover. For banks, bancassurance is a means of product diversification and a source of their additional fee income. Everybody seems to be a winner. Mr. K P Chan, Deputy Chairman of the Hong Kong Federation of Insurers, is going to share with you his experience in bancassurance, and some...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2020-09-28
... and premium turnover. For banks, bancassurance is a means of product diversification and a source of their additional fee income. Everybody seems to be a winner. Mr. K P Chan, Deputy Chairman of the Hong Kong Federation of Insurers, is going to share with you his experience in bancassurance, and some...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2021-11-01
... and premium turnover. For banks, bancassurance is a means of product diversification and a source of their additional fee income. Everybody seems to be a winner. Mr. K P Chan, Deputy Chairman of the Hong Kong Federation of Insurers, is going to share with you his experience in bancassurance, and some...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2021-09-01
... and premium turnover. For banks, bancassurance is a means of product diversification and a source of their additional fee income. Everybody seems to be a winner. Mr. K P Chan, Deputy Chairman of the Hong Kong Federation of Insurers, is going to share with you his experience in bancassurance, and some...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf -
Date: 2020-06-19
... declaration is made? A 5. The overarching principle is that insurers and intermediaries should ensure that the recommended policy is suitable for the circumstances (e.g. needs, affordability, etc) of the customer. In case of affordability mismatch (e.g. the customer has indicated a target premium term of 10...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_HKFI_FAQ_Initiative_on_FNA_v1_13_11_2015_20190823.pdf -
Date: 2019-12-20