..., where appropriate, a breakdown of the movements in capital (e.g. by asset/liability type) and PCR (e.g. by PCR risk type). Management actions – A general business insurer should include in its ORSA Report a description of the management actions, including the order, timing and the impact of the...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/cir_20200113_appendix_1.pdf -
Date: 2020-06-15
..., where appropriate, a breakdown of the movements in capital (e.g. by asset/liability type) and PCR (e.g. by PCR risk type). Management actions – A general business insurer should include in its ORSA Report a description of the management actions, including the order, timing and the impact of the...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/cir_20200113_appendix_1.pdf -
Date: 2020-12-21
... Adjustment Management Expenses Underwriting Profit/(Loss) 17,558,218 14,606,363 14,317,988 2,013,284 1,511,409 13,519,708 10,881,948 10,841,706 (34,912) 2,005,193 (5,408) 5,420,562 4,319,617 4,434,679 1,216,020 908,992 3,378,215 2,770,839 2,927,107 (25,354) 669,233 (45,299) 160,100 36,627 37,730 13,089 8,093...
https://www.ia.org.hk/english/infocenter/statistics/files/4q21gen_new.pdf -
Date: 2022-06-01
... monitor and maintain records of who and when have been trained and the type of the training provided. Annex Page 8 of 11 Section C: The performance requirements as defined under section 34E of the Mandatory Provident Fund Schemes Ordinance (Cap. 485) C1 Compliance regarding Registration Requirements Under...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/cir_broker_20180427.pdf -
Date: 2018-11-30
... elsewhere in the financial system. 1.12b Examples of the type of long term insurance contracts that are vulnerable as a vehicle for laundering money or financing terrorism are products such as: (a) unit-linked or with profit single premium contracts; (b) single premium life insurance policies that store...
https://www.ia.org.hk/english/legislative_framework/circulars/antimoney_laundering/files/Appendix_A.PDF -
Date: 2019-02-01
... operative under the new policy? The “Incontestability Clause” under your existing policy may already have taken effect to protect your interests. That means the validity of the existing policy is incontestable unless there is, for example, fraud or non-payment of premiums. (g) Is the type of the new policy...
https://www.ia.org.hk/english/infocenter/files/Life_Insurance_Policy_e_Jun_2021.pdf -
Date: 2021-12-14
... policy for ensuring that relevant staff receive adequate AML/CFT training? Have the insurance institutions monitored who have been trained, when the staff received the training, the type of the training provided and the effectiveness of the training? Staff Training 24 • Training materials regularly...
https://www.ia.org.hk/english/supervision/antimoney_laundering/files/e-ppt20141013-01.pdf -
Date: 2021-11-12
... All supporting documents in connection with the Application should be duly verified against the relevant original copy by your appointing principals before submission to the IA. If you are an existing licensed insurance intermediary and intend to apply for a different type of insurance intermediary...
https://www.ia.org.hk/english/infocenter/forms/files/Notes_on_Individual_Licence_Application_Apr2021.pdf -
Date: 2022-01-06
... identification of the conduct; and (v) the likelihood that the authorized insurer will engage in the same type of conduct in the future. (c) The previous disciplinary record and compliance history of the 4 authorized insurer, including: (i) previous disciplinary record and compliance history of the authorized...
https://www.ia.org.hk/english/legislative_framework/files/GL18.pdf -
Date: 2020-09-24