... Chief Executives of authorized insurers 30 September 2019 carrying on general insurance business   2  That is, on average, the industry for the top 25 Direct Motor Vehicle Insurers is making an underwriting margin of -14.5%. The best performer has an underwriting margin of 33.2% while the bottom...

... Draft Guideline on Enterprise Risk Management GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 2 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 10 6....

... 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...

... information and customers’ self declaration  Delay and inaccuracy in “Suspicious Transaction Reporting (“STR”)” 5 5 International AML Standards on Mutual Evaluation  FATF will conduct the fourth round mutual evaluation on Hong Kong in 2018  The Government has implemented a work plan in accordance with the...

... information and customers’ self declaration  Delay and inaccuracy in “Suspicious Transaction Reporting (“STR”)” 5 5 International AML Standards on Mutual Evaluation  FATF will conduct the fourth round mutual evaluation on Hong Kong in 2018  The Government has implemented a work plan in accordance with the...

... information and customers’ self declaration  Delay and inaccuracy in “Suspicious Transaction Reporting (“STR”)” 5 5 International AML Standards on Mutual Evaluation  FATF will conduct the fourth round mutual evaluation on Hong Kong in 2018  The Government has implemented a work plan in accordance with the...

... (“Broker Rules”) issued under the Insurance Ordinance (Cap. 41) (“IO”) Q1: Is the increase in paid-up share capital of a licensed insurance broker company required to be cash injection? A1: Paid-up share capital can be increased in the form of cash injection, capitalization of retained earnings and other...

... (“Broker Rules”) issued under the Insurance Ordinance (Cap. 41) (“IO”) Q1: Is the increase in paid-up share capital of a licensed insurance broker company required to be cash injection? A1: Paid-up share capital can be increased in the form of cash injection, capitalization of retained earnings and other...

... P1 of 2 Candidates are recommended to study the 2017 Edition of the Study Notes for examinations to be held from 6 November 2017 onwards. Insurance Intermediaries Qualifying Examination – Paper I Syllabus for Principles and Practice of Insurance Examination I. RISK AND INSURANCE i. Concept of Risk...