... importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as...

... importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as...

... 1 Insurance Authority (“IA”) Circular providing interpretation notes (“Circular”) relating to the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products The Insurance Authority (“IA”) issues this Circular with the aim of providing further guidance to authorized insurers and licen...

... 1 Insurance Authority (“IA”) Circular providing interpretation notes (“Circular”) relating to the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products The Insurance Authority (“IA”) issues this Circular with the aim of providing further guidance to authorized insurers and licen...

... 1 Insurance Authority (“IA”) Circular providing interpretation notes (“Circular”) relating to the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products The Insurance Authority (“IA”) issues this Circular with the aim of providing further guidance to authorized insurers and licen...

... Kong has a flourishing life insurance market. In 2014, there were more than 11 million life insurance policies in force and the total insurance cover was worth more than $4,700 billion, with the overall insurance density 3 at more than $40,000 and an insurance penetration rate4 of 14.2%, which ranked...

... Kong has a flourishing life insurance market. In 2014, there were more than 11 million life insurance policies in force and the total insurance cover was worth more than $4,700 billion, with the overall insurance density 3 at more than $40,000 and an insurance penetration rate4 of 14.2%, which ranked...

... the proposed policy using premium financing (i.e. the total premium is to be funded entirely by the customer’s own funds). The insurance intermediary must also explain to the customer that, without the information, it would not be able to assess the customer’s suitability and affordability of...

... Kong has a flourishing life insurance market. In 2014, there were more than 11 million life insurance policies in force and the total insurance cover was worth more than $4,700 billion, with the overall insurance density 3 at more than $40,000 and an insurance penetration rate4 of 14.2%, which ranked...

... discrepancy cannot be discounted. The IA will also provide each principal with a second CPD List next year (by the end of May 2021) setting out the total number CPD hours required to be completed by each of their appointed individual licensees by the end of the Second Assessment Period i.e. as at 31 July...