... million from the Government. The IA is a financial regulator deriving its income from premium levies, authorization and annual fees, and specific user fees. We strive to achieve financial independence and are committed to deploying our resources optimally in performing our statutory functions. 4 total...

... fair treatment of customers, and the issue of equity between shareholders and policyholders. I-4 3. Provision of Standard Illustration 3.1 The objective of a standard illustration is to provide a potential customer with the projected performance of a life insurance policy showing the total benefits...

... Consultation Conclusions on: (1) Draft Guideline on Fit and Proper Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41) and (2) Draft Guideline on Continuing Professional Development for Licensed Insurance Intermediaries July 2019 Contents Executive Summary 1 Feedb...

... and liabilities attributable to its long term business under section 22 of the Ordinance, and ensuring that not less than one- sixth of the required solvency margin is held in the separate fund and in the total long term business funds. Where such requirement cannot be complied with on a global basis...

... and liabilities attributable to its long term business under section 22 of the Ordinance, and ensuring that not less than one- sixth of the required solvency margin is held in the separate fund and in the total long term business funds. Where such requirement cannot be complied with on a global basis...

... and liabilities attributable to its long term business under section 22 of the Ordinance, and ensuring that not less than one- sixth of the required solvency margin is held in the separate fund and in the total long term business funds. Where such requirement cannot be complied with on a global basis...

... Draft Guideline on Enterprise Risk Management GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 2 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 10 6. E...

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6. Em...

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6. Em...

... Draft Guideline on Enterprise Risk Management ANNEX DRAFT FOR CONSULTATION PURPOSES ONLY GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Gove...