... developments of the COVID-19 pandemic, the Insurance Authority (“IA”) sees the urgent need to introduce further facilitative measures below to ensure potential policy holders’ needs are met while minimizing the risk of infection during the sale process of long term insurance policies. Extension of Phase 2 of...

... 51.6%). Around 29,000 Qualifying Deferred Annuity Policies were issued, attracting $2 billion in terms of premiums that represent 1.5% of the total for individual businesses. New business premiums derived from Mainland visitors were $2.1 billion (increased by 200.3%), representing 1.5% of the...

... long term business were $258.7 billion in the first half of 2023 (decreased by 2.2%), mainly comprising $227.5 billion from Individual Life and Annuity (Non-Linked) business (increased by 3.1%), $12.7 billion from Individual Life and Annuity (Linked) business (decreased by 15.9%), as well as $14.8...

... premiums of in-force long term business were $374.8 billion in the first three quarters of 2023 (decreased by 1.7%), mainly comprising $329.2 billion from Individual Life and Annuity (Non-Linked) business (increased by 2.8%), $18.2 billion from Individual Life and Annuity (Linked) business (decreased by 17...

... GL15 GUIDELINE ON UNDERWRITING CLASS C BUSINESS Insurance Authority Contents Page 1. Introduction ……………………………………………… 1 2. Relevant Regulatory Documents…………………………. 1 3. Purpose…………………………………………………... 2 4. Duties of the Board of Directors, the Controller and the Appointed Actuary……………………………………….. 3...

... Administrative Region Contents 1. General introduction 2. Overview of the key areas*by chapters *Factors considered:  Revised guidance  New guidance  Questions and enquiries received Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region General Introduction...

... Administrative Region Contents 1. General introduction 2. Overview of the key areas*by chapters *Factors considered:  Revised guidance  New guidance  Questions and enquiries received Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region General Introduction...

... Administrative Region Contents 1. General introduction 2. Overview of the key areas*by chapters *Factors considered:  Revised guidance  New guidance  Questions and enquiries received Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region General Introduction...

... insurance industry and professional bodies for providing invaluable comments on the Prescribed Scenarios. You may also download the Prescribed Scenarios and the summary of comments from the IA’s Guidelines website1 and the Insurer’s Collaboration Corner2 respectively. Should you have any queries in relation...

... insurance industry and professional bodies for providing invaluable comments on the Prescribed Scenarios. You may also download the Prescribed Scenarios and the summary of comments from the IA’s Guidelines website1 and the Insurer’s Collaboration Corner2 respectively. Should you have any queries in relation...