... (discussed in Chapter 4) Capital adequacy  Total balance sheet approach should be adopted.     6  Target criteria for : - Prescribed Capital Requirement (PCR) – should be aligned to a minimum investment grade, i.e. value-at-risk (VaR) is calculated at a confidence level of 99.5% over one-year time horizon....

... also have consistently recorded robust growth in terms of total premium income for the past years, particularly in the life sector, which constitutes nearly 90% of the total insurance business in Hong Kong. All these are outcome of the industry’s endeavour and commitment in product innovation and...

... also have consistently recorded robust growth in terms of total premium income for the past years, particularly in the life sector, which constitutes nearly 90% of the total insurance business in Hong Kong. All these are outcome of the industry’s endeavour and commitment in product innovation and...

... also have consistently recorded robust growth in terms of total premium income for the past years, particularly in the life sector, which constitutes nearly 90% of the total insurance business in Hong Kong. All these are outcome of the industry’s endeavour and commitment in product innovation and...

...,635 14,784 Zurich Life Zurich Life 31-12-18 1 10,997 50,650 109 - 市場總額 Market Total 19,131 1,301,754 940,001,455 3,485,041 999,254 ...

...,531,307 9,294 16,034,909 Zurich Life Zurich Life 31-12-18 15,929 130,092 - 1,416,548 市場總額 Market Total 1,316,682 32,244,805 16,623,961 271,840,333 ...

... Zurich Life Zurich Life 31-12-19 14,592 118,515 - 1,509,991 市場總額 Market Total 1,259,856 29,867,512 11,125,967 304,079,109 ...

... 17,982 142,043 - 1,736,743 市場總額 Market Total 1,371,740 35,729,019 12,144,106 313,317,376 ...

... Ex em pt io n Licensed Insurance Agency Transitional Arrangements for Licensed Insurance Broker Companies Being Deemed Licensees Phased Increase in Minimum Paid-up Share Capital and Net Assets 23 September 2019 to 31 December 2021 $100,000 1 January 2022 to 31 December 2023 $300,000 From 1 January...

... regulations Original requirements New requirements Raising standards of professionalism and conduct The IA has enhanced the financial requirements for licensed broker companies by raising the minimum amounts of paid-up capital and net assets from $100,000 to $500,000 to improve protection for policy holders....