... erage size of pro- tection gap 5.7 times of annual income * weighted average per economically active adult 02 Life insurance in Hong Kong is well developed. Premiums from life insurance reached HKD 511 billion in 2019, making Hong Kong the 11th larg- est life insurance market (in terms of total premium...

...……………………... 1 4. Actuarial Review Report…………………………………. 2 5. Certification of the Actuarial Opinion……………………. 6 6. The Actuary……………………………………….. …….. 6 7. Commencement of the Actuarial Review Requirement …. 7 8. Submission of the Actuarial Review Report and Certificate………………………………………………… 7 9. Commencement...

... “support” the customer’s affordability. It was found that some customers were able to use PF to purchase policies with a level of premium typically in excess of his/her affordability levels, resulting in over-leveraging3. In one particular case, the total premium amount of the said policy was found to be...

... requirements on insurance agencies and broker companies also received widespread endorsement. Similarly, broad agreement was expressed on the proposal to increase the minimum Continuing Professional Development (CPD) hours from 10 to 15 per year (including three hours on “ethics or...

...…………………………………………………… 3 6. Detailed Requirements for the Financial Needs Analysis... 4 7. 8. Commencement………………………………………...… Transitional Provision…………………………..………… 10 11 Financial Needs Analysis Template Appendix 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the...

...…………………………………………………… 3 6. Detailed Requirements for the Financial Needs Analysis... 4 7. 8. Commencement………………………………………...… Transitional Provision…………………………..………… 10 11 Financial Needs Analysis Template Appendix 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the...

...…………………………………………………… 3 6. Detailed Requirements for the Financial Needs Analysis... 4 7. 8. Commencement………………………………………...… Transitional Provision…………………………..………… 10 11 Financial Needs Analysis Template Appendix 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the...

... 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...

... policyholder has completed the “Risk Profile Questionnaire” and must provide the minimum protection stipulated in the guidelines. * Guideline on Underwriting Class C Business (GL 15) and Guideline on Underwriting Long Term Insurance Business (other than Class C Business) (GL 16). Protection of the...

... Paid Incurred Risks Expenses Profit/(Loss) Payable Adjustment 一般保險業務 General Insurance Business 財政年度 Year End 終結日期 Financial 表 G19 個別保險公司的統計數字： 承保業績 Table G19 Individual Insurers' Statistics： Underwriting Results 中廣核保險 CGN Captive 31-12-19 242,034 140,631 123,343 19,964 15,845 507 12,222 - 8,624 82,533...