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⏭... customers have taken up the top-up option. Q2 Referring to paragraph 4.2 of the Guideline, please clarify if there is any minimum requirement to classify a product as having refundable feature. For example, does a product refunding 30% (or even smaller) of total premium paid fall into the scope? 2 A2...
https://www.ia.org.hk/english/legislative_framework/files/Interpretation_Notes_to_GL28.pdf -
Date: 2020-09-24
... customers have taken up the top-up option. Q2 Referring to paragraph 4.2 of the Guideline, please clarify if there is any minimum requirement to classify a product as having refundable feature. For example, does a product refunding 30% (or even smaller) of total premium paid fall into the scope? 2 A2...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Interpretation_Notes_to_GL28.pdf -
Date: 2020-12-21
... Record participation and active engagement at the Asian Insurance Forum 2020 8 December 2020 The Asian Insurance Forum (AIF) 2020 was held today (8 December 2020) under the theme of “Spearheading Change for a Sustainable and Resilient Future”, where...
https://www.ia.org.hk/english/infocenter/press_releases/20201208.html -
Date: 2020-12-08
... a new life insurance policy, be considered as conducting policy replacement: 1. policy maturity; 2. regular annuity payout; or 3. claims payment? Page 4 of 10 A7 No, these situations are not considered to be policy replacement under the Guideline. Q8 If a customer claims that he or she will use his...
https://www.ia.org.hk/english/legislative_framework/files/Interpretation_Notes_to_GL27.pdf -
Date: 2020-09-24
... a new life insurance policy, be considered as conducting policy replacement: 1. policy maturity; 2. regular annuity payout; or 3. claims payment? Page 4 of 10 A7 No, these situations are not considered to be policy replacement under the Guideline. Q8 If a customer claims that he or she will use his...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/Interpretation_Notes_to_GL27.pdf -
Date: 2020-12-21
[PDF]
GL7.pdf
... that have been modelled by the stochastic analysis, the scenario testing shall be done on a monthly basis. 7.2. For the deterministic or factor approach, a stochastic adequacy test must be performed on the total provision for investment guarantees at least once a year. 8. Reporting 8.1. An insurer...
https://www.ia.org.hk/english/legislative_framework/files/GL7.pdf -
Date: 2020-09-24
... 7 15 April 2013 Y N 8 15 January 2013 Y N...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/applicable_rules_issued_by_the_SROs.html -
Date: 2019-12-20
... Reinsurers' Business [PDF] [EXCEL] G5 Premiums [PDF] [EXCEL] G6 Retention Ratio [PDF] [EXCEL] G7 Commissions [PDF] [EXCEL] G8 Commission Ratio [PDF] [EXCEL] G9 Claims Paid [PDF...
https://www.ia.org.hk/english/infocenter/statistics/market_4_2008.html -
Date: 2017-06-22
... Reinsurers' Business [PDF] [EXCEL] G5 Premiums [PDF] [EXCEL] G6 Retention Ratio [PDF] [EXCEL] G7 Commissions [PDF] [EXCEL] G8 Commission Ratio [PDF] [EXCEL] G9 Claims Paid [PDF...
https://www.ia.org.hk/english/infocenter/statistics/market_4_2009.html -
Date: 2017-06-22