... million.  The requirements for disclosure of insurance premiums receivable, referral income and referral expenses in the audited financial statements of insurance broker companies will be set aside. 6. In response to the HKICPA’s feedback, we have also made modifications to the draft Rules to ensure the...

... million.  The requirements for disclosure of insurance premiums receivable, referral income and referral expenses in the audited financial statements of insurance broker companies will be set aside. 6. In response to the HKICPA’s feedback, we have also made modifications to the draft Rules to ensure the...

... Feedback Received and Insurance Authority’s Response 6 Conclusions and Next Steps 33 Annex A – Final Form of Guideline on Fit and Proper Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap.41) Annex B – Final Form of Guideline on Continuing Professional Development For...

... 4.5 Underwriting 4/4 4.6 Policy Administration 4/4 4.7 Claims 4/5 4.8 Reinsurance 4/6 4.9 Actuarial Support 4/7 4.10 Accounting and Investment 4/8 4.11 Training and Development 4/8 5. STRUCTURE OF HONG KONG INSURANCE INDUSTRY 5/1 5.1 Types of Insurance Business 5/1 5.1.1 Statutory Classification of...

...’ time, i.e. by 2041, we expect that 30% of the population will be aged 65 or above. With the life expectancy of Hong 6 Kong people becoming the longest in the world, the “silver hair population” will create vast demand for retirement protection financial products and healthcare services. Amongst various...

...’ time, i.e. by 2041, we expect that 30% of the population will be aged 65 or above. With the life expectancy of Hong 6 Kong people becoming the longest in the world, the “silver hair population” will create vast demand for retirement protection financial products and healthcare services. Amongst various...

...’ time, i.e. by 2041, we expect that 30% of the population will be aged 65 or above. With the life expectancy of Hong 6 Kong people becoming the longest in the world, the “silver hair population” will create vast demand for retirement protection financial products and healthcare services. Amongst various...

... survey result are based on 1,329 responses. As at 31 December 2018 Number of TRs Number of insurance agencies Line(s) of business Number of insurance agencies 50+ 25 (2%) Long term business 70 (5%) 11 – 50 24 (2%) General business 1,070 (81%) 6 – 10 38 (3%) Long term & General business 189 (14%) 1 – 5 1...

... survey result are based on 1,329 responses. As at 31 December 2018 Number of TRs Number of insurance agencies Line(s) of business Number of insurance agencies 50+ 25 (2%) Long term business 70 (5%) 11 – 50 24 (2%) General business 1,070 (81%) 6 – 10 38 (3%) Long term & General business 189 (14%) 1 – 5 1...

... practicable. FIs are required to collect the registered address and principal place of business. Customers – Corporation (Paragraph 4.9.10(c)) FIs should verify the company’s registered office address in the place of incorporation. To be repealed Beneficial owners (Paragraph 4.3.6) For beneficial owners, FIs...