... Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 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 ‘uncertainty concerning a...

... influenced both by events affecting an individual mortgagor’s income as well as by general economic downturns. It is a type of insurance which in times of severe economic downturn could give rise to accumulated or catastrophic losses to an insurer. 2.3. In view of its long tail nature and the potential...

...; Size and type of insurance business, and targeted users. While external customers serving as users of the trial can give live and real data for the initiative under trial, other types of users, e.g. selected group of staff of the authorized insurer may also serve the purpose of testing under the...

... annually thereafter consists of two elements, namely, a fixed fee of $300,000 (for captive insurer, $30,000; and for composite insurer, $600,000) and a variable fee, subject to a cap of $7 million, of 0.0039% on insurance liabilities. 3. This Note elaborates the ascertainment of variable fee and the...

... annually thereafter consists of two elements, namely, a fixed fee of $300,000 (for captive insurer, $30,000; and for composite insurer, $600,000) and a variable fee, subject to a cap of $7 million, of 0.0039% on insurance liabilities. 3. This Note elaborates the ascertainment of variable fee and the...

... circumstances], the fee payable upon authorization and annually thereafter2 consists of two elements, namely, a fixed fee of $300,000 (for captive insurer, $30,000; and for composite insurer, $600,000) and a variable fee, subject to a cap of $7 million, of 0.0039% on insurance liabilities. 3. This Note...

... the Legislative Council (“LegCo”) in July 2020 to provide for a bespoke regulatory framework for the issuance of ILS in Hong Kong through the formulation of special purpose insurers (“SPIs”), which will be a new type of authorized insurer under the Insurance Ordinance (Cap. 41) (“the Ordinance”). 2....

... （100%） - 7 8 . 6 % 新造保單保費（單位：百萬港元） New office premiums (in million HKD) 保單類型 Types of policies 二零二零年一月至三月 Ja n – Ma r 2020 二零一九年一月至三月 Ja n – Ma r 2019 變動 Change 終身壽險 Who le L if e 2 ,610 （48.3%） 7 ,673 （60.1%） - 6 6 . 0 % 儲蓄壽險 E nd owmen t 1,422 （26.3%） 964 （7.5%） + 4 7 . 5 % 萬用壽險 Un iv er sal L if e...

... （100%） - 7 8 . 6 % 新造保單保費（單位：百萬港元） New office premiums (in million HKD) 保單類型 Types of policies 二零二零年一月至三月 Ja n – Ma r 2020 二零一九年一月至三月 Ja n – Ma r 2019 變動 Change 終身壽險 Who le L if e 2 ,610 （48.3%） 7 ,673 （60.1%） - 6 6 . 0 % 儲蓄壽險 E nd owmen t 1,422 （26.3%） 964 （7.5%） + 4 7 . 5 % 萬用壽險 Un iv er sal L if e...