... in-force long term business were $473.6 billion in 2022 (decreased by 8.9%), continued to be dominated by the Individual Life category which contributed $424.3 billion (decreased by 8.7%) or 89.6% of the total. The number of policies in this category was 14.0 million, carrying net liabilities of $2,249.3...

... : _____________________ Date : ________________ 3. Basic Plan – Illustration Summary [H] [I] SURRENDER VALUE DEATH BENEFIT End of Total [J-1] [J-4] [K-1] [K-4] Policy Year Premiums Paid Guaranteed Non-Guaranteed Total Guaranteed Non-Guaranteed Total [J-2] Accumulated Dividends and Interest [J-3] Terminal Dividend [K-2...

... ……………………………………………… 1 2. Considerations in Exercising the Insurance Authority’s Power to Impose Pecuniary Penalty……………………… 1 3. Commencement…………………………………………... 4 1 1. Introduction 1.1. This Guideline is issued by the Insurance Authority (“IA”) pursuant to section 23(1) of the Anti-Money Laundering and Counter-Terrorist...

... objectives set out in sections 3 to 9 of the Guideline are achieved. (See paragraph 1.6) 2. Three-tier Group-wide Supervisory Approach Given the IA will develop a holistic Group-wide Supervisory framework for insurance groups in Hong Kong and detailed proposals would be consulted later in 2019, this...

... take in such extreme events or stresses. II.2. The Prescribed Scenarios outlined in this document are not designed to test for other purposes (e.g. business failure analysis or risk monitoring). II.3. Where individual general business insurers are identified as having specific types of risk exposures...

... the additional specific scenario(s) (“Specific Scenario(s)”) at least 3 months in advance of the relevant valuation date of the ORSA Report. 3 Please refer to Section 2 of GL21. Appendix 1 2 III. Prescribed Scenarios III.1. The three Prescribed Scenarios are set out below. Prescribed Scenario 1...