... culture. 1.3 ERM for solvency purposes is the coordination of risk management, strategic planning, capital adequacy, and financial efficiency in order to enhance sound operation of the authorized insurer and ensure the adequate protection of policy holders. An authorized insurer embeds an integrated set of...

... charged under the fee-based brokerage arrangement. However, amounts collected on behalf of clients such as premium payments to insurers should not be regarded as gross insurance brokerage income. Brokerage Commission & Fee Expense means commission, fee or remuneration paid to other parties by an insurance...

... the broker is giving regulated advice in relation to the making of an application or proposal for a life insurance policy, the needs, financial situation, ability and willingness to pay premium and other information which the broker is required to collect in a financial needs analysis assessment; and...

... the broker is giving regulated advice in relation to the making of an application or proposal for a life insurance policy, the needs, financial situation, ability and willingness to pay premium and other information which the broker is required to collect in a financial needs analysis assessment; and...

... the broker is giving regulated advice in relation to the making of an application or proposal for a life insurance policy, the needs, financial situation, ability and willingness to pay premium and other information which the broker is required to collect in a financial needs analysis assessment; and...

... policies reaching a high premium amount (e.g. in some cases, the premium amount threshold was set over HKD 6 million). In addition, the threshold specified by most insurers was on a per policy basis without consideration on a per person basis, i.e. requirement to be triggered in respect of all the...

... exclusions;  the premium of the insurance policy offered;  the client’s duty to disclose information and the consequences of not disclosing material facts;  the period of the insurance cover; and 7  the governing law of the insurance policy. (iii) To assist a potential policy holder in making an informed...

... welcoming you in our new office before the Chinese New Year. In 2018 and beyond, ahead of us will be a number of major tasks and challenges, including among others, promoting Insurtech, developing the Risk- based Capital Regime for insurers and the Policy Holders’ Protection Scheme, and most important of...

... welcoming you in our new office before the Chinese New Year. In 2018 and beyond, ahead of us will be a number of major tasks and challenges, including among others, promoting Insurtech, developing the Risk- based Capital Regime for insurers and the Policy Holders’ Protection Scheme, and most important of...