... Participation in the Third Quantitative Impact Study (QIS 3) for the Development of the Risk-based Capital (RBC) Regime 9 August 2019 Our Ref: INS/TEC/6/20/6 By email only To: Chief Executives of authorized insurers enlisted to participate in QIS 3 Dear Sir/Madam, Participation in the Third...

... were 1,708 licensed insurance agencies, 78,522 licensed individual insurance agents and 23,894 licensed technical representatives (agent).  In addition, there were 811 licensed insurance broker companies and 10,507 licensed technical representatives (broker) on the same date. In 2022...

... "Fast Track" “Fast Track” 1 What “Fast Track” is about? A dedicated queue for new authorization applications Applicants owning and operating solely digital distribution channels 2 Who can apply? Innovative and robust business model using digital distribution Benefits to the consumers in product...

... Form A1 † Please tick the appropriate box. Version: January 2022 1 Application for Insurance Intermediary Licence by Individual Insurance Agent/ Technical Representative (Agent)/ Technical Representative (Broker) Pursuant to Section 64W, 64Y or 64ZC of the Insurance Ordinance (Cap. 41) For...

... Form A1 † Please tick the appropriate box. Version: January 2022 1 Application for Insurance Intermediary Licence by Individual Insurance Agent/ Technical Representative (Agent)/ Technical Representative (Broker) Pursuant to Section 64W, 64Y or 64ZC of the Insurance Ordinance (Cap. 41) For...

... risks, as well as the effect of risk diversification during the QIS. o We note the industry’s concern about the inclusion of operational risk under Pillar 1. Question 7 provides further details on operational risk. 24 Question 7 Do you agree that we should adopt a simple approach in defining capital...

... replacing the existing life insurance policy(ies)? □ Yes □ No (effective 1/1/2005) 4 6. Declaration by the Applicant/Proposer： 7. Declaration by the Agent/ Broker： I declare that I have read and discussed the relevant item(s) of this Form with the Agent/Broker. I understand and accept the financial and...

... - - - - 安盛財富管理(香港) AXA Wealth Mgt (HK) 31-12-19 - - 7 - 東亞人壽 BEA Life 31-12-19 10,618 12 2,379,054 925 藍十字 Blue Cross 31-12-19 - - - - 微藍 Blue 31-12-19 1,818 54 3,972 3,378 中銀人壽 BOC LIFE 31-12-19 32,642 189 11,874,440 756,325 保泰人壽 Bowtie Life 31-12-19 81 - 56 - Canada Life Assurance Canada Life Assurance...

... Companies Ordinance (Cap. 622) to “mean any two or more bodies corporate one of which is the holding company of the other or others”.  With the enactment of the Insurance Companies (Amendment) Ordinance 1997 on 1 May 1997, concessions are in place in the regulatory framework to...

... industry Key Areas for Improvement: (Long Term Insurers) 1. Senior Management Oversight 2. Compliance Functions 3. Customer Risk Assessment 4. CDD Process 5. Screening of PEPs, Terrorists and Sanction Designations 6. Ongoing Monitoring 7. Suspicious Transaction Reporting 8. Staff/ Insurance Agent Training...