... communicate with the insurer on the additional specific scenario(s) (“Specific Scenario(s)”). I.5. For a composite direct insurer which has 95% or more of its insurance liabilities2 arising from long term business as at valuation date, it is required to carry out Prescribed Scenario 2 under GI Prescribed...

... communicate with the insurer on the additional specific scenario(s) (“Specific Scenario(s)”). I.5. For a composite direct insurer which has 95% or more of its insurance liabilities2 arising from long term business as at valuation date, it is required to carry out Prescribed Scenario 2 under GI Prescribed...

... from being a prudential watchdog to a market enabler and facilitator. This unique role is unfound elsewhere in the local regulatory landscape and such a “split personality” bodes well for The Hong Kong Confederation of Insurance Brokers (CIB), as I will elaborate later on. Thirdly, with funding drawn...

... from being a prudential watchdog to a market enabler and facilitator. This unique role is unfound elsewhere in the local regulatory landscape and such a “split personality” bodes well for The Hong Kong Confederation of Insurance Brokers (CIB), as I will elaborate later on. Thirdly, with funding drawn...

... submit further applications to effect this. That said, all the requirements3 applicable for the distribution of ILAS (including PLP) products must still be complied with (e.g. GL26 on Sale of ILAS Products, GL28 on Benefit Illustrations for Long Term Insurance Policies, GL30 on FNA etc) as appropriate....

... from being a prudential watchdog to a market enabler and facilitator. This unique role is unfound elsewhere in the local regulatory landscape and such a “split personality” bodes well for The Hong Kong Confederation of Insurance Brokers (CIB), as I will elaborate later on. Thirdly, with funding drawn...

... authorized insurer, licensed insurance broker companies or licensed insurance agencies, to assist with this assessment. Only if the IA, based on its assessment of the information, considers that it has reasonable cause to believe or reason to enquire whether a Regulated Person may be guilty of misconduct or...

... Exciting business opportunities ahead for the insurance sector in Hong Kong 29 September 2021 Echoing observations made in the “Report on Hong Kong’s Business Environment: A Place with Unique Advantages and Unlimited Opportunities”, the Insurance...

... have significant implications on the financial statements of insurers prepared in accordance with Hong Kong Financial Reporting Standards. HKFRS 17 is available on the HKICPA website at http://app1.hkicpa.org.hk/hksaebk/HKSA_Members_Handbook_Master/updates/updat e211.pdf . The effective date of HKFRS...