... level principles of the conceptual framework, there are mixed views on some of the technical aspects. The following paragraphs highlight the major comments received and our responses. Detailed comments on the proposals and our responses are at Annex B. Major Comments Received and Our Responses Pillar 1...

... The four IFGs are IFG on Pillar 1 (Life Insurance), IFG on Pillar 1 (General Insurance), IFG on Pillar 2 and IFG on Groups. 2 The data to be collected during QIS 1 is important to enable us to perform data analysis and calibration for the risk charges and capital requirement at a later stage. Your...

... December 2020 with a wide audience from near and far. With the theme “Spearheading Change for a Sustainable and Resilient Future”, a deep dive will be taken into some key drivers of growth for the insurance industry – financial connectivity in the Greater Bay Area, risk management...

... America) (item 27) Jama'at al-Tawhid wa'al-Jihad (JTJ) (item 78) You should review your records carefully to see whether you have had, or currently have, accounts, transactions or dealings with the named individuals or entities. If such review reveals any suspicious accounts...

... initiatives, the circulars on these areas are being issued frequently. To facilitate your receiving of these circulars on a timely basis, I will dispatch them by means of e-mail in future. In this regard, the updated e-mail address you have provided to me for receiving provisional insurance statistics will...

... - 1 - Annual Reception of the Hong Kong Federation of Insurers 24 April 2017 Speech by Dr Moses Cheng, Chairman, Insurance Authority Chairman Ronnie, honoured guests, colleagues and friends, ladies and gentlemen, Good evening! 2. It gives me great pleasure to join you all this evening and I thank...

... - 1 - Annual Reception of the Hong Kong Federation of Insurers 24 April 2017 Speech by Dr Moses Cheng, Chairman, Insurance Authority Chairman Ronnie, honoured guests, colleagues and friends, ladies and gentlemen, Good evening! 2. It gives me great pleasure to join you all this evening and I thank...

... - 1 - Annual Reception of the Hong Kong Federation of Insurers 24 April 2017 Speech by Dr Moses Cheng, Chairman, Insurance Authority Chairman Ronnie, honoured guests, colleagues and friends, ladies and gentlemen, Good evening! 2. It gives me great pleasure to join you all this evening and I thank...

... drive the insurers’ business practices and decisions. 1.3 The risk-based capital regime (“RBC regime”) for Hong Kong’s insurance industry is to comprise of three key components, commonly known as the “Three Pillars”. Pillar 1 covers the regulatory capital rules and requirements; Pillar 2 covers...

... the Pillar 1 (quantitative assessment) and Pillar 3 (disclosure) requirements and related matters under the Risk-based Capital regime and empowers the Insurance Authority (“IA”) to prescribe detailed requirements by way of subsidiary legislation.  Among other things, it also adjusts...