... a global risk management centre, sustaining momentum on initiatives related to the Guangdong-Hong Kong-Macao Greater Bay Area development and bringing insurance products in line with societal aspirations.” In response to COVID-19, the IA rolled out a set of temporary facilitative...

... period should be closer to what the insurers expected in accordance with their set investment strategy. It should be noted that this may not be the case in extreme financial market situations. As participating policies are long term in nature, the ratio in the later policy years may, in general...

...) Ordinance (Cap. 628) (“the Ordinance”) came into operation on 7 July 2017. The Ordinance establishes a cross-financial sector resolution regime that is designed to meet the international standards set by the Financial Stability Board. It will strengthen the resilience of Hong Kong’s financial system and...

... intermediary must follow the proper ILAS sales process. This ensures that the key steps have been carried out to ensure the Customer Suitability Assessment, including the completion of the Financial Needs Analysis and Risk Profile Questionnaire - as set out in 4.2 and 4.3 respectively below - of the...

... Handling of medical insurance claims -  The IA’s expectations May 2023 In this article we set out the types of practices that the IA would expect to see when assessing the claims handling processes of an insurer in its inspection and...

... appetite. Take, for example, a participating policy projecting a total cash value of $100,000, $90,000 of which is non-guaranteed, at the end of the 10th year of the policy. When this policy is surrendered or matured at the end of the 10th year, the amount paid to the policyholder will vary from...

... for restricted scope travel insurance business only. Individual licensees (except travel agents) whose licences were granted during the following periods CPD Hours Required for Assessment Period 2021/2022 Original Total CPD Hours (including 3 CPD Hours on “Ethics or Regulations”) New Total CPD Hours...

... the following classes of reinsurance business in or from Hong Kong : (Classes as set out in Parts 2 and 3 of Schedule 1.) 2. We further certify that the information supplied in support of this application is true and correct and that all estimates given are reasonable interpretations of facts which...

... :- ................................................................................................................................................................ ................................................................................................................................................................ (Classes as set out in Parts 2 and 3 of Schedule 1.) 2. We further certify that the information supplied in support of this application is true and correct and that all estimates given are reasonable interpretations of facts which have been carefully considered and assessed. 3. We undertake to notify the...

... the following classes of reinsurance business in or from Hong Kong : (Classes as set out in Parts 2 and 3 of Schedule 1.) 2. We further certify that the information supplied in support of this application is true and correct and that all estimates given are reasonable interpretations of facts which...