... their first QIS in 2005 to actual implementation of the Solvency II regime in 2016. Currently we are analysing the data collected in QIS1 and preparing the launch of the second QIS (QIS 2) with more refined requirements in the second half of this year. We expect that the third QIS (and hopefully the...

... Ordinance, Cap. 41. 6. “Investigation” means an investigation initiated by the Council under section 23 of the FRCO. 7. “Non-compliance” means a relevant non-compliance as defined by section 5 of the FRCO. For ease of reference, these are summarised at Schedule 1. 8. “Parties” means the IA and the FRC. II...

... improvement in the claims experience, with a net loss ratio of 50.0% in 2018 compared to 77.3% in 2017ii, the size of the underwriting loss reduced notably. Its combined ratio of 104.7% was the lowest in the last four years. This improvement in the underwriting performance in 2018 was offset by a higher net...

... information assets and system configurations, including interconnections and dependencies with other internal and external systems; and prioritizing their relative importance; 8 (ii) evaluating inherent cyber risks presented by users, process and technology and underlying data that support each identified...

... the Insurance Ordinance (Cap. 41) publishing (i) Guideline on Offering of Gifts (Guideline 25), (ii) Guideline on Sale of Investment-Linked Assurance Scheme (‘ILAS’) Products (Guideline 26), (iii) Guideline on Long Term Insurance Policy Replacement (Guideline 27), (iv) Guideline on Benefit...

... information assets and system configurations, including interconnections and dependencies with other internal and external systems; and prioritizing their relative importance; 8 (ii) evaluating inherent cyber risks presented by users, process and technology and underlying data that support each identified...

... DISRUPTION OCCUR THREE TIMES IN THE PAST 20 YEARS WAVE I CIRCA 1995 “Reengineered” WAVE II CIRCA 2000 “Getting Internet” WAVE III CIRCA 2007 “Becoming Guidewired” WAVE IV CIRCA 2015 “Going Digital” THE INSURANCE INDUSTRY NO LONGER OWNS THE NARRATIVE, AND WE ARE BEING INFLUENCED BY A FIREHOSE OF OUTSIDE...

... 須付的佣金淨額比率 管理開支比率 合計比率 (%)(百萬港元) 11 圖 13 主要指標 — 2018 年二十五大直接汽車業務保險公司 直接僱員補償業務 直接僱員補償業務為一般法律責任業務的一部分，佔毛保費收入的 64.8%。直接僱員補償 業務的毛保費收入過去三年呈現跌勢後，於 2018 年回升。申索情況大為改善，虧損淨額 比率由 2017 年 ii的 77.3%下降至 2018 年 50.0%。承保虧損幅度顯著減少，合計比率為 104.7%，為過去四年最低。 儘管承保表現於 2018 年有所改善，有關增長被須付的佣金淨額比率及管理開支比率上升 所抵銷，兩者分別增加至 27.8%及 27.0...