... sufficient to— (i) explain, and reflect the financial position and operation of, such business; (ii) enable financial statements that give a true and fair view of its financial position and financial performance to be prepared from time to time; (iii) account for all client monies that it receives or holds...

... assessment of internal capital, this provides an opportune time for the industry to prepare transition for the actual implementation of the risk-based capital requirements. We notice that the industry generally demonstrates a forward-looking view and some of the insurers are also reflecting their investment...

... Kong. 7. The IA is committed to promoting Hong Kong as a preferred domicile for the issuance of ILS. The Insurance (Amendment) Ordinance 2020 provides for a regulatory framework for the issuance of ILS through the formation of SPIs, with a view to introducing a bespoke and streamlined regime on par with...

... policyholder is most likely to view of the notice. Responsibilities of licensed individual insurance agents If an individual insurance agent is given authority by an insurer to collect premium, it is imperative that the agent only collects premium within the limits of that authority and handles the premium in...

... integrated view on product and underwriting policy, reinsurance policy, investment policy and solvency level policy. The liabilities profile of an authorized insurer with respect to term, and the predictability of the size and timing of claims payments, may differ significantly according to the nature of the...