... 1 Hong Kong FinTech Week 2020 4 November 2020 Keynote Speech by Mr Clement Cheung Chief Executive Officer of the Insurance Authority Ladies and gentlemen, good morning. Hong Kong FinTech Week is a most anticipated event, and it takes on a special meaning this year as we are not just talking about...

... 1 Hong Kong FinTech Week 2020 4 November 2020 Keynote Speech by Mr Clement Cheung Chief Executive Officer of the Insurance Authority Ladies and gentlemen, good morning. Hong Kong FinTech Week is a most anticipated event, and it takes on a special meaning this year as we are not just talking about...

... prestigious speakers gathered with about 1,000 online participants to discuss potential growth drivers for the insurance industry amidst uncertainties arising from the COVID-19 pandemic. In his welcome remarks, Dr Moses Cheng, Chairman of the Insurance Authority (IA), praised the Hong Kong insurance...

... premiums will decline by 3 0.1%, while total sum of related claims could eventually balloon to a mind- boggling US$100 billion. The insurance industry in Hong Kong is not immune, with latest statistics showing that premium growth for the first three quarters of 2020 had slowed down to 5.5%. New business...

... importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as...

...,613 8,846 8,600 6,324 其他商業車輛 Other Commercial Vehicles 76,608 78,460 79,588 81,773 77,106 電單車 Motor Cycles 334 389 366 337 355 361,165 373,321 378,562 377,742 368,705 承保車輛總數 Total Number of Vehicles Covered 866,202 901,068 891,090 921,161 937,059 未決申索數目 Number of Outstanding Claims 69,907 73,478 77...

...,066 6,426 7,613 8,846 其他商業車輛 Other Commercial Vehicles 65,093 71,265 76,608 78,460 79,588 電單車 Motor Cycles 286 294 334 389 366 312,932 341,660 361,165 373,321 378,562 承保車輛總數 Total Number of Vehicles Covered 791,883 826,254 866,202 901,068 891,090 未決申索數目 Number of Outstanding Claims 64,133 68,814 69...

...出租車輛 Public Hire Vehicles 5,066 6,426 7,613 8,846 8,600 其他商業車輛 Other Commercial Vehicles 71,265 76,608 78,460 79,588 81,773 電單車 Motor Cycles 294 334 389 366 337 341,660 361,165 373,321 378,562 377,742 承保車輛總數 Total Number of Vehicles Covered 826,254 866,202 901,068 891,090 921,161 未決申索數目 Number of Outstanding...

... 投影片 1 Regulatory Updates and Supervisory Observations on AML/CFT Dickson Chui – Senior Manager Raven Chan – Manager Market Conduct Division 5 June 2018 Institutional Risk Assessment (“IRA”)  Refer to IA’s circular on 2 May 2018 regarding the issuance of HK’s ML/TF Risk Assessment Report (“the...

... 投影片 1 Regulatory Updates and Supervisory Observations on AML/CFT Dickson Chui – Senior Manager Raven Chan – Manager Market Conduct Division 5 June 2018 Institutional Risk Assessment (“IRA”)  Refer to IA’s circular on 2 May 2018 regarding the issuance of HK’s ML/TF Risk Assessment Report (“the...