... Initiatives  Electronification  Enhanced Complaints Handling Procedures  Inspection 2 Background information 3 Insurance Industry Landscape 4 Number of Insurance Intermediaries 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 110,000 2011 2012 2013 2014 2015 2016 2017 (As at 31 Jul...

... Initiatives  Electronification  Enhanced Complaints Handling Procedures  Inspection 2 Background information 3 Insurance Industry Landscape 4 Number of Insurance Intermediaries 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 110,000 2011 2012 2013 2014 2015 2016 2017 (As at 31 Jul...

... Initiatives  Electronification  Enhanced Complaints Handling Procedures  Inspection 2 Background information 3 Insurance Industry Landscape 4 Number of Insurance Intermediaries 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 110,000 2011 2012 2013 2014 2015 2016 2017 (As at 31 Jul...

... the insurance sector. The major proposals include raising the minimum amounts of paid-up capital and net assets of an insurance broker company (from HK$100,000 to HK$500,000) and the amount of minimum indemnity limit (from HK$3 million to HK$5 million) for its PII. Such proposals will help...

...) 112 General Business# and Long Term Business (including Linked Long Term Business) 100 Restricted Scope Travel Business 290 Total 1,691...

... business increased by 6.5%, and for Linked business by 35.8%. Office Premiums of Non-Linked Business (By Product Classification) (HK$ million) 2014 2015 2016 2017 2018 Whole Life 47,797.7 71,583.2 100,230.5 92,537.9 92,918.3 Endowment 19,759.7 21,361.9 41,628.9 17,356.7 15,982.8 Term 574.1 652.9 614.3...

..., critical illness, medical etc.) 42% 55% 64% Savings/Investment (e.g. endowment, universal life, ILAS etc.) 58% 45% 36% Total Premiums 100% 100% 100% New Business Premiums  Accounted for high proportion of offshore new business (～80% in 2016)  Reasons for MCVs took out insurance products in HK  Effective...

..., critical illness, medical etc.) 42% 55% 64% Savings/Investment (e.g. endowment, universal life, ILAS etc.) 58% 45% 36% Total Premiums 100% 100% 100% New Business Premiums  Accounted for high proportion of offshore new business (～80% in 2016)  Reasons for MCVs took out insurance products in HK  Effective...

..., critical illness, medical etc.) 42% 55% 64% Savings/Investment (e.g. endowment, universal life, ILAS etc.) 58% 45% 36% Total Premiums 100% 100% 100% New Business Premiums  Accounted for high proportion of offshore new business (～80% in 2016)  Reasons for MCVs took out insurance products in HK  Effective...

... means the insured can receive 100% reimbursement of expenses for all medical items as long as such expenses fall within the benefit limit for each year or each incident. The lifetime benefit limit for some high-end plans may be up to tens of millions of dollars. However, the higher...