... definitely require robust risk management processes which include taking up appropriate insurance coverage to protect their investments and manage their risks. The Hong Kong insurance industry is best position to provide professional risk management services and effective insurance coverage for them. The...

... Insurance Authority 主席的話 Chairman’s Message 「我們深信與業界建立共同的規管理 念，才能令新的規管制度發揮最大效 用。年內，我們主動與不同業界及相 關專業團體會面，說明保監局的願景 和 使 命。我 們 透 過 與 持 份 者 有 效 溝 通，加強連繫，使保監局成為具公信 力和有效率的監管機構。」 鄭慕智博士 主席 “It is vital that we share common regulatory objectives with the industry to make the new regime work at its best. During the...

... Insurance Authority 主席的話 Chairman’s Message 「我們深信與業界建立共同的規管理 念，才能令新的規管制度發揮最大效 用。年內，我們主動與不同業界及相 關專業團體會面，說明保監局的願景 和 使 命。我 們 透 過 與 持 份 者 有 效 溝 通，加強連繫，使保監局成為具公信 力和有效率的監管機構。」 鄭慕智博士 主席 “It is vital that we share common regulatory objectives with the industry to make the new regime work at its best. During the...

... Insurance Authority 主席的話 Chairman’s Message 「我們深信與業界建立共同的規管理 念，才能令新的規管制度發揮最大效 用。年內，我們主動與不同業界及相 關專業團體會面，說明保監局的願景 和 使 命。我 們 透 過 與 持 份 者 有 效 溝 通，加強連繫，使保監局成為具公信 力和有效率的監管機構。」 鄭慕智博士 主席 “It is vital that we share common regulatory objectives with the industry to make the new regime work at its best. During the...

... Insurance Authority 主席的話 Chairman’s Message 「我們深信與業界建立共同的規管理 念，才能令新的規管制度發揮最大效 用。年內，我們主動與不同業界及相 關專業團體會面，說明保監局的願景 和 使 命。我 們 透 過 與 持 份 者 有 效 溝 通，加強連繫，使保監局成為具公信 力和有效率的監管機構。」 鄭慕智博士 主席 “It is vital that we share common regulatory objectives with the industry to make the new regime work at its best. During the...

... and decisions on how to share these across its various participating policies. These are not simple policies to be understood and insurers should resist assuming knowledge on the part of the customer and using jargon in their communications. They must work out how best to convey how these policies...

... necessary, with printing on both sides in which event there must be an indication that the illustration continues overleaf. Applicant’s signature is required for all pages of the Illustration Document. 4. Assumption setting In setting the best estimate assumptions for the base scenario, Appointed Actuary...

... Needs Analysis Purpose: Life insurance policies are long term policies that may lock the liquidity of customers. Accordingly, it is of paramount importance that insurance advice provided by intermediaries needs to be based upon customers’ needs. It is therefore necessary to carry out financial needs...

... such fair, large and liberal construction and interpretation as will best ensure the attainment of the object of this MoU according to its true intent, meaning and spirit; 11 (c) each of the parties hereto shall: (i) maintain a good working relationship with the other; (ii) co-operate with the other in...

... enabled insurers to utilize different mechanisms to service policyholders (with, for example, online self-service portals), so there are different means by which servicing of policies can take place. As best practice, therefore, insurers are encouraged to offer different channels for policyholders to...