... Role Let me now switch to a juicier and, some may say, disruptive or paradigm- changing topic – Insurtech. Digitalisation has been becoming the key for a sustainable insurance market. We see the development of Insurtech continuing to grow at a rapid pace. According to a market report, the total value...

... approximation results from the General Model and consider using PAA instead of General Model? 1 (ii) Variable Fee Approach (In HK'000) (iii) Premium Allocation Approach (PAA) (In HK'000) Total Gross Written Premium (In HK'000) 12a) Have you completed the determination of HKFRS 17 contract boundary assessment of...

... term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force business portfolio, showing for each type of contract:- - the total premium income both gross and net of retrocession...

...); unearned premiums reserves; other insurance funds; and other creditors. (b) If the company applies for reinsurance of long term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force...

... term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force business portfolio, showing for each type of contract:- - the total premium income both gross and net of retrocession...

...); unearned premiums reserves; other insurance funds; and other creditors. (b) If the company applies for reinsurance of long term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force...

... term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force business portfolio, showing for each type of contract:- - the total premium income both gross and net of retrocession...

...); unearned premiums reserves; other insurance funds; and other creditors. (b) If the company applies for reinsurance of long term business only (i) a projected volume of new business, showing for each type of contract, the total premium income both gross and net of retrocession; (ii) a projected in-force...

... – Quantitative Aspects Capital adequacy 7. We proposed in the consultation document that a total balance sheet approach should be adopted and that two explicit solvency control levels, namely, the prescribed capital requirement (“PCR”) and the minimum capital requirement (“MCR”) be used. We further proposed that...

... on today’s agenda. According to a recent market report, the total value of global Insurtech funding reached US$2.3 billion in 2017, representing a 32 percent increase over 2016. I am glad to see the progressive development of technological advanced solutions in Hong Kong’s insurance industry. For...