... premiums of in-force long term business in 2022 was mainly attributed to the premium payment pattern of some products and a general decline of new business in 2022. Furthermore, total amount of payment made to policy holders in terms of claims and benefits was $297.8 billion1 (decreased by 3...

... in Article 28 of the Articles of Association of the Confederation. "Director" means any person appointed to the board of directors of a Member company or prospective Member company. "Employee" means any person employed by a Member. "Fit and Proper Person" means a person who fulfils the criteria set...

... Modern regulatory framework Simple tax regime Specific Advantages 1 3 5 4 2 National agenda Off-shore status in on-shore market Premier professional services Sophisticated capital market Dispute resolution centre 4 Independent judiciary The Role of Brokers 14 BRI Transactional Placement Risk Management...

... Modern regulatory framework Simple tax regime Specific Advantages 1 3 5 4 2 National agenda Off-shore status in on-shore market Premier professional services Sophisticated capital market Dispute resolution centre 4 Independent judiciary The Role of Brokers 14 BRI Transactional Placement Risk Management...

... Modern regulatory framework Simple tax regime Specific Advantages 1 3 5 4 2 National agenda Off-shore status in on-shore market Premier professional services Sophisticated capital market Dispute resolution centre 4 Independent judiciary The Role of Brokers 14 BRI Transactional Placement Risk Management...

... scheduled for implementation in mid-2019. The draft Rules largely mirror the existing framework set out in the Code of Practice for the Administration of Insurance Agents issued by The Hong Kong Federation of Insurers. The IA proposes increasing the maximum number of insurers which a licensed...

... information exchange, knowledge dissemination and capacity building among insurance regulators in the Asia and Pacific region. Ends Note: 1Member jurisdictions which attended the meeting (set out in alphabetical order) are Afghanistan, Astana International Financial Centre...

... Capital Rules”) to tie in with the implementation of the new supervisory framework for multinational insurance groups (“GWS framework”) tentatively in the first quarter of 2021. The main objective of the proposed Group Capital Rules is to set out the requirements in relation to...

... unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on benefit illustrations, etc. Claims – refers to complaints in...