... Kong, being an investment to which a Class C (linked long term) Product with open architecture was linked (“OA ILAS products”). Such OA ILAS products are restricted for professional investors (“PI”) (as defined under the Securities and Futures Ordinance). To further strengthen policyholder protection...

... June 2017 • Takeover of the direct regulation of intermediaries Key tasks • Prudential regulation  Risk-based Capital Regime (RBC) • Promote Insurtech • Policyholders’ Protection Scheme • Regulation of intermediaries • Fees and levy 8 Insurance Ordinance: key amendments • Approval of Key Persons in...

... Kong, being an investment to which a Class C (linked long term) Product with open architecture was linked (“OA ILAS products”). Such OA ILAS products are restricted for professional investors (“PI”) (as defined under the Securities and Futures Ordinance). To further strengthen policyholder protection...

... Authorized Insurers Investigation For more effective regulation of authorized insurers and better protection of the interests of policy holders, the Insurance Authority (“IA”) has been provided with express powers under Insurance Ordinance...

... with a more holistic and effective regulatory system," he added. "Various initiatives, including the development of a Risk-Based Capital Regime and the introduction of a Policy Holders' Protection Scheme, are in the pipeline. To tie in with the launch of the statutory licensing regime for...

... June 2017 • Takeover of the direct regulation of intermediaries Key tasks • Prudential regulation  Risk-based Capital Regime (RBC) • Promote Insurtech • Policyholders’ Protection Scheme • Regulation of intermediaries • Fees and levy 8 Insurance Ordinance: key amendments • Approval of Key Persons in...

... protection to policy holders 8 Pillar 2 – Qualitative requirements Own Risk and Solvency Assessment (ORSA) • ORSA is central to insurers ERM framework: • Allows the Board and Senior management to anticipate the key risks and capital needs from a prospective view • Continuity analyses and Stress Scenarios...

... Non-Linked Business Office premiums for new Non-Linked business recorded an increase of 4.7% to $139,422 million in 2019, with single premium business reducing by 6.8% and regular premium business increasing by 9.6%. The number of policies increased by 3.9% to 1,291,524. With-profits and without-profits...

... included; or (ii) for each and every other insurance transaction, in either the formal proposal or the quotation, cover note, the premium debit note or covering letter, whichever be issued earlier by the Member to the client. 6 The required Form of Disclosure shall be as follows:- "[Broker Name] (the...

... claims reserving policy to be stated is in respect of its Hong Kong business. 29. A description of the arrangements made by the company for setting premium rates in respect of each class of business it proposes to carry on in Hong Kong, including the bases and methodologies used. 30. In the case of a...