...: Pros and cons of using premium financing Smart tips on using premium financing Supervisory standards and requirements ...
https://www.ia.org.hk/english/premium_financing/index.html -
Date: 2024-01-18
... Guidance Note 9 on Best Estimate Assumptions (AGN9), issued by Actuarial Society of Hong Kong. Apart from the standard illustration, the benefit illustrations will also include additional illustrations under optimistic and pessimistic scenarios to show the variability of the ultimate returns....
https://www.ia.org.hk/english/participating_policy/benefit.html -
Date: 2024-01-18
... The valuation of insurance liabilities of each class of business must comprise: (a) a best estimate of the premiums liabilities; (b) a best estimate of the outstanding claims liabilities; and (c) where considered appropriate by the actuary, risk margins that relate to the inherent uncertainty in each...
https://www.ia.org.hk/english/legislative_framework/files/GL9.pdf -
Date: 2020-09-24
..., security and specification • Best practice of using TSP GL #N Facilitate the ecosystem 5 Technology provider Bank InsurerPublic organization Broker Insurer “Flight Delay and COVID-19 Protection Programme” offers for departing passengers Sharing of Open APIs use case to improve insurance serving for...
https://www.ia.org.hk/english/aboutus/task_force/activities_meetings/files/Open_API_presentation_for_FTF_meeting.pdf -
Date: 2021-12-01
... take into account the MSP findings to promote a sound culture relating to the sale and marketing of QDAP and adhere to the principle of treating customers fairly and acting in customers’ best interests, and demonstrate improvement in inspections carried out by the IA going forward. ...
https://www.ia.org.hk/english/legislative_framework/Conduct_in_Focus_Issue_08_04.html -
Date: 2024-01-12
... the way in which insurance business is conducted. In this edition we present statistics on the complaints received by the IA for the full year 2021, recommend best practice principles for complaints handling by insurers, examine problems which can arise when material facts are not disclosed when...
https://www.ia.org.hk/english/infocenter/files/Conduct_in_Focus_Mar_issue_EN.pdf -
Date: 2022-05-24
... Chief Executives of authorized insurers carrying on general insurance business 30 September 2020 /… - 2 - That is, on average, the industry for the top 25 Direct Motor Vehicle Insurers is making an underwriting margin of -14.6%. The best performer has an underwriting margin of 34.0% while the...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/EC_MV_Cir.pdf -
Date: 2020-12-21
... reasonable explanation. Benefit Illustration Documents for Participating Policies Q15 If authorized insurers have chosen to illustrate benefit values with 6 investment return assumption lower than the best estimate, should the 25th and 75th percentiles be derived based on this lower illustrated return or the...
https://www.ia.org.hk/english/legislative_framework/files/Interpretation_Notes_to_GL28.pdf -
Date: 2020-09-24
... reasonable explanation. Benefit Illustration Documents for Participating Policies Q15 If authorized insurers have chosen to illustrate benefit values with 6 investment return assumption lower than the best estimate, should the 25th and 75th percentiles be derived based on this lower illustrated return or the...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Interpretation_Notes_to_GL28.pdf -
Date: 2020-12-21
... Chief Executives of authorized insurers carrying on general insurance business 30 September 2021 /… - 2 - That is, on average, the industry for the top 25 direct motor vehicle insurers records an underwriting margin of -8.1%. The best performer has an underwriting margin of 44.8% while the bottom...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/EC-MV-Cir.pdf -
Date: 2021-12-10