... after receiving them include— (a) monies received by the company from or on behalf of a policy holder or potential policy holder as premium payable to an insurer under a contract of insurance arranged by the company; (b) monies received by the company from an insurer, a reinsurer, an insurance...

... insurance industry in Hong Kong. The insurance density1 and insurance penetration2 in Hong Kong are US$5,647 per capita and 14.2% respectively. Hong Kong has 159 insurers. The premium growth averaged 12.3% in the past 5 years. In the latest figures released yesterday by the Office of the Commissioner of...

... also have consistently recorded robust growth in terms of total premium income for the past years, particularly in the life sector, which constitutes nearly 90% of the total insurance business in Hong Kong. All these are outcome of the industry’s endeavour and commitment in product innovation and...

... insurance industry in Hong Kong. The insurance density1 and insurance penetration2 in Hong Kong are US$5,647 per capita and 14.2% respectively. Hong Kong has 159 insurers. The premium growth averaged 12.3% in the past 5 years. In the latest figures released yesterday by the Office of the Commissioner of...

... also have consistently recorded robust growth in terms of total premium income for the past years, particularly in the life sector, which constitutes nearly 90% of the total insurance business in Hong Kong. All these are outcome of the industry’s endeavour and commitment in product innovation and...

... insurance industry in Hong Kong. The insurance density1 and insurance penetration2 in Hong Kong are US$5,647 per capita and 14.2% respectively. Hong Kong has 159 insurers. The premium growth averaged 12.3% in the past 5 years. In the latest figures released yesterday by the Office of the Commissioner of...

... also have consistently recorded robust growth in terms of total premium income for the past years, particularly in the life sector, which constitutes nearly 90% of the total insurance business in Hong Kong. All these are outcome of the industry’s endeavour and commitment in product innovation and...

... elsewhere in the financial system. 1.12b Examples of the type of long term insurance contracts that are vulnerable as a vehicle for laundering money or financing terrorism are products such as: (a) unit-linked or with profit single premium contracts; (b) single premium life insurance policies that store...

... monies specified in section 71(2) of the Ordinance, which a licensed insurance broker company is required to pay into a client account as soon as practicable after receiving them include— (a) monies received by the company from or on behalf of a policy holder or potential policy holder as premium payable...

... it has the capacity to undertake such a new class or such new classes of business. 3.6. A company applying for authorization to carry on long term insurance business must satisfy the IA that: (a) it has sufficient actuarial expertise, including a qualified staff actuary, to advise it on premium rates...