... Insurance Ordinance (Cap. 41) ("the Ordinance") Submission of statutory, actuarial and financial returns 9 April 2020 By Email only To: Chief Executives of authorized insurers carrying on long term insurance business Dear Sirs, Insurance Ordinance (Cap. 41) (“the Ordinance”) Submission of...

... Supervisory ApproachFinancial Examination The Insurance Authority(“IA”) is responsible for monitoring and scrutinising the financial position of...

... Pecuniary Penalty in Respect of Regulated Persons under the Insurance Ordinance (Cap. 41) (the “Guideline”). The Guideline suggests that a pecuniary penalty should be effective, proportionate and fair, and that the IA will consider all circumstances of the case and take into account...

... a strong track record of insurtech research and development. The newcomer will focus on medical, term life and critical illness insurance products targeting youngsters and underserved market segments. Building on a clustering approach and support from strategic partners, it seeks to tailor...

... items in BLOCK LETTERS. All amendments must be signed by the relevant party and original signed copy should be submitted. I. Particulars of Licensed Insurance Intermediary Insurance Intermediary Licence No. Name in English † Type of licence ☐ Insurance Agency ☐ Technical Representative (Agent...

... items in BLOCK LETTERS. All amendments must be signed by the relevant party and original signed copy should be submitted. I. Particulars of Licensed Insurance Intermediary Insurance Intermediary Licence No. Name in English † Type of licence ☐ Insurance Agency ☐ Technical Representative (Agent...

... Capital (“RBC”) Regime which is targeted to be implemented in 2024. We received a total of 120 Own Risk and Solvency Assessment (“ORSA”) Reports prepared for the first time under the GL21. We consider that insurers generally made a good advancement in implementing their risk management governance and ORSA...