... VTC Insurance Summit Evolving landscape of the Insurance Industry in Hong Kong Mr. Clement Cheung Chief Executive Officer Insurance Authority of Hong Kong 8 October 2018 1) Market Overview Market Overview Long Term Business – In-force Premium * Based on provisional figures -10.0% -5.0% 0.0% 5.0...

... Management (“Guideline”) in May 2018 and received comments from the insurance industry and professional bodies. We have carefully studied all comments received and revised the draft Guideline for further consultation (see Annex). The revised draft Guideline, proposed to be effective on 1 January 2020, has...

... Microsoft Word - 20200925 - Complaint Statistics_v5_Eng (Clean version).docx Summary of Complaints received by the Insurance Authority 1 April 2019 – 31 March 2020 Remarks:  With effect from 23 September 2019, the Insurance Authority took on the direct regulation of all insurance intermediaries...

... GL30 GUIDELINE ON FINANCIAL NEEDS ANALYSIS Insurance Authority Contents Page 1. Introduction……………………………………………….. 1 2. Interpretation……………………………………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………..…………………………… 2 4. Scope of Application……………………………...……… 3 5. Purpose...

... GL30 GUIDELINE ON FINANCIAL NEEDS ANALYSIS Insurance Authority Contents Page 1. Introduction……………………………………………….. 1 2. Interpretation……………………………………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………..…………………………… 2 4. Scope of Application……………………………...……… 3 5. Purpose...

... GL30 GUIDELINE ON FINANCIAL NEEDS ANALYSIS Insurance Authority Contents Page 1. Introduction……………………………………………….. 1 2. Interpretation……………………………………………… 1 3. Relevant Regulatory Requirements and Status of this Guideline……………………..…………………………… 2 4. Scope of Application……………………………...……… 3 5. Purpose...

... Chief Executives of authorized insurers carrying on general insurance business 30 September 2021 /… - 2 - That is, on average, the industry for the top 25 direct motor vehicle insurers records an underwriting margin of -8.1%. The best performer has an underwriting margin of 44.8% while the bottom...

... taken effect from 1 June 2020, the Mainland Government has committed: "On the basis of regulatory equivalence, to apply more relaxed requirements of credit risk for Mainland insurance companies ceding reinsurance businesses to qualified Hong Kong insurers and continue to consider taking...

... performer has a margin of -57.1%. The median underwriting margin is -11.9% with the 1st quartile and the 3rd quartile being -29.7% and 0.1% respectively. We hope these key market indicators can help you better understand the overall performance and characteristics of the statutory classes of business. In...