... approximation results from the General Model and consider using PAA instead of General Model? 1 (ii) Variable Fee Approach (In HK'000) (iii) Premium Allocation Approach (PAA) (In HK'000) Total Gross Written Premium (In HK'000) 12a) Have you completed the determination of HKFRS 17 contract boundary assessment of...

... examination. All chapters should be studied carefully, but the following table indicates areas of particular importance: Chapter Relative Weight 1 2.5% 2 20% 3 35% 4 32.5% 5 10% Total 100% Calculators brought into the examination centre are subject to inspection. Non-programmable electronic calculators may be...

... “weight” of the various chapters in relation to the examination. All chapters should be studied carefully, but the following table indicates areas of particular importance: Chapter Relative Weight 1 2.5% 2 20% 3 35% 4 32.5% 5 10% Total 100% Calculators brought into the examination centre are subject to...

... term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force business portfolio, showing for each type of contract:- - the total premium income both gross and net of retrocession...

...); unearned premiums reserves; other insurance funds; and other creditors. (b) If the company applies for reinsurance of long term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force...

... term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force business portfolio, showing for each type of contract:- - the total premium income both gross and net of retrocession...

...); unearned premiums reserves; other insurance funds; and other creditors. (b) If the company applies for reinsurance of long term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force...

... term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force business portfolio, showing for each type of contract:- - the total premium income both gross and net of retrocession...

...); unearned premiums reserves; other insurance funds; and other creditors. (b) If the company applies for reinsurance of long term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force...

... – Quantitative Aspects Capital adequacy 7. We proposed in the consultation document that a total balance sheet approach should be adopted and that two explicit solvency control levels, namely, the prescribed capital requirement (“PCR”) and the minimum capital requirement (“MCR”) be used. We further proposed that...