... investment managers have to make between different portfolios in the current ultra-low interest rate environment. These guys, some say, have a heart of gold and nerves of steel. A survey recently commissioned by the Financial Stability Institute indicated that while there is a rising appetite for exotic...

... CONSIDERATIONS ................................................................................. 15   CHAPTER 4 PILLAR 1: QUANTITATIVE ASPECT – CAPITAL ADEQUACY ...... 18   CHAPTER 5 PILLAR 2: QUALITATIVE ASPECTS ................................................... 50   CHAPTER 6 PILLAR 3: DISCLOSURE AND...

... practices and decisions. 1.3 The risk-based capital regime (“RBC regime”) for Hong Kong’s insurance industry comprises three key components, commonly known as the “Three Pillars”. Pillar 1 covers the regulatory capital rules and requirements; Pillar 2 covers corporate governance and ERM; and Pillar 3 covers...

... practices and decisions. 1.3 The risk-based capital regime (“RBC regime”) for Hong Kong’s insurance industry comprises three key components, commonly known as the “Three Pillars”. Pillar 1 covers the regulatory capital rules and requirements; Pillar 2 covers corporate governance and ERM; and Pillar 3 covers...

... Annex 1 Key Observations from the First ORSA Reports The Insurance Authority (“IA”) issued the Guideline on Enterprise Risk Management (“GL21”) which took effect on 1 January 2020. This is the Pillar 2 requirement which is implemented ahead of the statutory capital requirement under the Risk-based...

... Solvency Assessment, so as to fulfill the Pillar 2 or qualitative requirements of the RBC Regime. We aim to conduct a consultation on the draft guideline later this year, with a view to starting implementing the ERM framework in early 2020. There will be direct linkage between the riskiness of investments...

... Solvency Assessment, so as to fulfill the Pillar 2 or qualitative requirements of the RBC Regime. We aim to conduct a consultation on the draft guideline later this year, with a view to starting implementing the ERM framework in early 2020. There will be direct linkage between the riskiness of investments...

... Solvency Assessment, so as to fulfill the Pillar 2 or qualitative requirements of the RBC Regime. We aim to conduct a consultation on the draft guideline later this year, with a view to starting implementing the ERM framework in early 2020. There will be direct linkage between the riskiness of investments...

... value at the time of death. Who should consider it? Young people wi th l imi ted financial means; individuals who have high protection needs for a period of time or who are looking solely for protection and have other financial plans Individuals in a strong financial s i t ua t i on w ho wa n t b o t h...

... actively engaged with representatives of the Hong Kong Federation of Insurers and the Actuarial Society of Hong Kong through Industry Focus Groups (IFGs) for Pillar 1 Life and General Insurance Businesses. The IFGs have discussed on technical issues and provided invaluable inputs in developing the relevant...