... Microsoft Word - Agency Survey - External Report (2019-12-05)_v5.docx Insurance Agency Survey As part of its preparation for the direct regulation (Note 1) of insurance agencies (Note 2), the Insurance Authority (“IA”) conducted a survey of their basic business and 2018 financial information. The...

... Microsoft Word - Agency Survey - External Report (2019-12-05)_v5.docx Insurance Agency Survey As part of its preparation for the direct regulation (Note 1) of insurance agencies (Note 2), the Insurance Authority (“IA”) conducted a survey of their basic business and 2018 financial information. The...

... of Insurance Supervisors (IAIS) • insurance regulators should be financially and operationally independent 2 Purpose To facilitate sustainable development of the insurance industry and protect policyholders with a modernized regulatory infrastructure 3 Key statutory functions 4 Regulate insurers and...

... of Insurance Supervisors (IAIS) • insurance regulators should be financially and operationally independent 2 Purpose To facilitate sustainable development of the insurance industry and protect policyholders with a modernized regulatory infrastructure 3 Key statutory functions 4 Regulate insurers and...

... premiums of in-force long term business were $412.7 billion in the first three quarters of 2020 (increased by 5.1%), mainly comprising $349.3 billion from Individual Life and Annuity (Non-Linked) business (increased by 2.2%), $19.8 billion from Individual Life and Annuity (Linked) business (decreased by...

... of Insurance Supervisors (IAIS) • insurance regulators should be financially and operationally independent 2 Purpose To facilitate sustainable development of the insurance industry and protect policyholders with a modernized regulatory infrastructure 3 Key statutory functions 4 Regulate insurers and...

... insurance industry and professional bodies for providing invaluable comments on the Prescribed Scenarios. You may also download the Prescribed Scenarios and the summary of comments from the IA’s Guidelines website1 and the Insurer’s Collaboration Corner2 respectively. Should you have any queries in relation...

... insurance industry and professional bodies for providing invaluable comments on the Prescribed Scenarios. You may also download the Prescribed Scenarios and the summary of comments from the IA’s Guidelines website1 and the Insurer’s Collaboration Corner2 respectively. Should you have any queries in relation...

... of in-force long term business were $146.7 billion in the first quarter of 2020 (increased by 11%), mainly comprising $124.4 billion of Individual Life and Annuity (Non-Linked) business (increased by 7.3%), $6.4 billion of Individual Life and Annuity (Linked) business (decreased by 2.7%), and $13.9...

... developments of the COVID-19 pandemic, the Insurance Authority (“IA”) sees the urgent need to introduce further facilitative measures below to ensure potential policy holders’ needs are met while minimizing the risk of infection during the sale process of long term insurance policies. Extension of Phase 2 of...