... class of insurance business it carries on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors :- • the type of treaties; • the maximum retention of the insurer; • the security of the reinsurers; and • the spread of risks among...

... class of insurance business it carries on. In considering the adequacy of reinsurance arrangements of an insurer, the IA will take into account the following factors :- • the type of treaties; • the maximum retention of the insurer; • the security of the reinsurers; and • the spread of risks among...

...% respectively. Apart from Pecuniary Loss and Miscellaneous business (including Ships, Goods in Transit, Aircraft and Treaty Reinsurance business), all other business lines delivered positive underwriting performances in 2018. 32,203.2 34,777.0 34,879.9 36,129.5 38,436.2 57.5 64.1 60.3 62.0 61.4 17.1 15.6 16.7...

... The Insurance Companies (Margin of Solvency) Regulation elaborates on the calculation of solvency margin by class of business for long-term business. In summary, the solvency margin calculation is factor-based and is subject to dollar amount minimums, which vary by type of insurers. In general, the...

... insurance intermediary’s application to vary the type of regulated activity as specified in the licence of the SFC-licensed corporation; (iii) an authorized insurer or a licensed insurance intermediary’s application for approval to be a substantial 9 shareholder of an SFC-licensed corporation; and (iv) an...

..., for failing to comply with this fundamental requirement. Since these were transitional cases, in taking disciplinary action the IA was required to apply the rules of the self-regulatory body which applied at the time. Going forward, however, this type of contravention can be prosecuted as an offence...

... insurance intermediary’s application to vary the type of regulated activity as specified in the licence of the SFC-licensed corporation; (iii) an authorized insurer or a licensed insurance intermediary’s application for approval to be a substantial 9 shareholder of an SFC-licensed corporation; and (iv) an...