... year 2017 saw us move one step closer to our goal of building a more holistic and modern regulatory regime for the insurance industry in Hong Kong,” said Dr Moses Cheng, Chairman of the IA. “On 26 June 2017, the IA replaced the Office of the Commissioner of Insurance (OCI), a Government...

... their scenario and stress testing and include the results, with details of management actions and their impact and justification, in their ORSA Reports. This document sets out the Prescribed Scenarios for the first ORSA Report, which is required for the financial year ending on or after 31 December 2020...

... their scenario and stress testing and include the results, with details of management actions and their impact and justification, in their ORSA Reports. This document sets out the Prescribed Scenarios for the first ORSA Report, which is required for the financial year ending on or after 31 December 2020...

... trying to complicate matters, we should also be aware that insurance practitioners may use the word ‘risk’ with other meanings, including: 1 the property or person at risk that they are insuring or considering insuring; and 2 the peril (i.e. cause of loss) insured (so, some policies may insure on an ‘all...

... given circumstances. The law of agency are those rules of law which govern an agency relationship. The law of contract also has to be considered as the agent often arranges an agreement with the third party, or performs it, on behalf of his principal. There are two contracts to consider: (a) one between...

... attempt to provide a single model for the risk-based approach, but seeks to provide guidance for a broad framework based on high level principles and procedures that countries may wish to consider when applying the risk-based approach with the understanding that this guidance does not override the purview...

... attempt to provide a single model for the risk-based approach, but seeks to provide guidance for a broad framework based on high level principles and procedures that countries may wish to consider when applying the risk-based approach with the understanding that this guidance does not override the purview...

... attempt to provide a single model for the risk-based approach, but seeks to provide guidance for a broad framework based on high level principles and procedures that countries may wish to consider when applying the risk-based approach with the understanding that this guidance does not override the purview...

... select the product with the most suitable level of sum insured based on their affordability and protection needs, and consider purchasing Commercial Motor Insurance for better protection. Connectivity The URP allows northbound travel with a single motor policy, facilitating the...