... Chapters should be studied carefully, but the following table indicates areas of particular importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to...

... P1 of 2 Candidates are recommended to study the 2017 Edition of the Study Notes for examinations to be held from 6 November 2017 onwards. Insurance Intermediaries Qualifying Examination – Paper I Syllabus for Principles and Practice of Insurance Examination I. RISK AND INSURANCE i. Concept of Risk...

... underwriting a medical policy. Generally, a younger, healthier, non-smoking policy holder who is not a heavy drinker will enjoy a lower premium. Most policies have age limits for first-time applications and renewals. Normally, the maximum entry age is 65, while the maximum renewal age is 75 or even 100. This...

... Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as ‘uncertainty concerning a...

... including, without limitation, those that have  only  a  small  investment  or  savings  component  such  as  medical,  term  or  critical  illness    ‐ 2 ‐  insurance. Where a gift is offered for this type of product, the gift should be relevant to that  product (e.g. a free medical check‐up) and should...

...,083.6 1,120.4 10.4 2,346.9 713.5 13.5 一般法律責任 2016 7,998.4 1,271.0 1,553.4 (8.4) 5,170.3 12.1 0.2 General 2017 7,740.9 1,306.1 1,665.7 198.9 4,635.0 (64.8) (0.8) Liability 2018 7,748.5 1,444.3 1,615.7 19.2 4,281.5 387.8 5.0 2019 8,283.6 1,374.1 1,722.2 88.2 5,100.0 (0.9) (0.0) 2020 9,271.6 1,488.1 1...

... 5.0 2019 8,283.6 1,374.1 1,722.2 88.2 5,100.0 (0.9) (0.0) 金錢損失 2015 1,475.8 168.0 539.1 59.3 806.1 (96.7) (6.6) Pecuniary 2016 1,231.4 177.5 480.7 (79.7) 425.9 227.0 18.4 Loss 2017 1,427.9 253.5 495.7 (0.4) 358.8 320.3 22.4 2018 1,617.9 200.8 525.9 8.9 708.3 174.0 10.8 2019 1,574.2 195.6 488.5 (22.4...

... 31-12-18 - - - - Canada Life Canada Life 31-12-18 - - - - 中國人壽 China Life 31-12-18 50,671 1 8,370,312 100 太壽香港 TPLHK 31-12-18 1,649 - 3,598,444 - 安達人壽 Chubb Life 31-12-18 12,782 - 461,416 21,008 信諾環球人壽 CIGNA Worldwide Life 31-12-18 4,806 - 77,999 15,107 Desjardins Financial Security Desjardins Financial...

... Fulfillment Ratio How to Interpret the Fulfillment Ratio 1. Observe the ratios across all policy years Under normal circumstances, the fulfillment ratio in earlier policy years may be close to 100%, as investment performance over a short...

... found in 1.1.1] 2 A risk which offers the prospect of loss only, with no chance of gain, may be described as a: (a) pure risk; ..... (b) particular risk; ..... (c) speculative risk; ..... (d) fundamental risk. ..... [Answer may be found in 1.1.2a] Type ‘B’ Questions 3 Which of the following statements...