... Annex 1 Key Observations from the First ORSA Reports The Insurance Authority (“IA”) issued the Guideline on Enterprise Risk Management (“GL21”) which took effect on 1 January 2020. This is the Pillar 2 requirement which is implemented ahead of the statutory capital requirement under the Risk-based...

... (“Rules”) proposed to be made under section 129 of the Insurance Ordinance (Cap. 41) (“IO”) in relation to the new sections 53F(4), 64T(2), 64ZA(4)(d), 64ZV(8)(e), 73(1) of the IO. The draft Rules prescribe the requirements applicable to licensed insurance broker companies including the requirements in...

... (“Rules”) proposed to be made under section 129 of the Insurance Ordinance (Cap. 41) (“IO”) in relation to the new sections 53F(4), 64T(2), 64ZA(4)(d), 64ZV(8)(e), 73(1) of the IO. The draft Rules prescribe the requirements applicable to licensed insurance broker companies including the requirements in...

... (“Rules”) proposed to be made under section 129 of the Insurance Ordinance (Cap. 41) (“IO”) in relation to the new sections 53F(4), 64T(2), 64ZA(4)(d), 64ZV(8)(e), 73(1) of the IO. The draft Rules prescribe the requirements applicable to licensed insurance broker companies including the requirements in...

... (“Rules”) proposed to be made under section 129 of the Insurance Ordinance (Cap. 41) (“IO”) in relation to the new sections 53F(4), 64T(2), 64ZA(4)(d), 64ZV(8)(e), 73(1) of the IO. The draft Rules prescribe the requirements applicable to licensed insurance broker companies including the requirements in...

... 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...

... with Continuing Professional Development ("CPD") Requirements ("CPD Penalty Framework") 中文譯本: 有關不遵守持續專業培訓規定的罰則框架（「持續專業培訓罰則框架」）的常見問題   13 September 2021 Extension of Phase 2 of the temporary facilitative...

... 2.3%) while those of Individual Life and Annuity (Linked) business amounted to $25.7 billion (increased by 9.9%). Contributions of Retirement Scheme business reached $31.6 billion (increased by 73.6%). On new business, new office premiums (excluding Retirement Scheme business) of long term...

... Policyholders’ Interests 1 https://ia.org.hk/en/legislative_framework/files/GL15.pdf https://ia.org.hk/en/legislative_framework/files/GL16.pdf https://www.ia.org.hk/en/legislative_framework/files/GL16.pdf Term Life Insurance 1 2 3 4 Term life insurance is a purely protective product. If the insured person...