... Federation of Insurers (HKFI) • Covering a mix of large, medium and small insurers Pillar 1 Life (17) Pillar 1 General (17) Pillar 2 (17) Groups (10) Process for Development of QIS 1 Engagement with Industry 4 • 23 IFG meetings held from Nov 2016 to April 2017 • 27 papers on technical issues discussed...
https://www.ia.org.hk/english/aboutus/task_force/activities_meetings/files/RBC_170831.pdf -
Date: 2018-08-01
... also incentivise insurers to enhance their risk management culture, thereby instiling market stability.” The RBC regime comprises three pillars: Pillar 1 on quantitative assessment, Pillar 2 on corporate governance and risk management and Pillar 3 on disclosure requirements. The Bill...
https://www.ia.org.hk/english/infocenter/press_releases/20230406.html -
Date: 2023-04-17
... PowerPoint Presentation Insurance Summit 2017 Mr Raymond Tam Executive Director (Policy and Development) Insurance Authority 21 September 2017 Priority of Policy Initiatives • Development of risk-based capital regime • Facilitation of Insurtech applications 2 Risk-based Capital Regime 3 Pillar 1...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_RBC_Regime_and_Insurtech.pdf -
Date: 2021-12-09
... PowerPoint Presentation Insurance Summit 2017 Mr Raymond Tam Executive Director (Policy and Development) Insurance Authority 21 September 2017 Priority of Policy Initiatives • Development of risk-based capital regime • Facilitation of Insurtech applications 2 Risk-based Capital Regime 3 Pillar 1...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_RBC_Regime_and_Insurtech.pdf -
Date: 2021-09-08
... PowerPoint Presentation Insurance Summit 2017 Mr Raymond Tam Executive Director (Policy and Development) Insurance Authority 21 September 2017 Priority of Policy Initiatives • Development of risk-based capital regime • Facilitation of Insurtech applications 2 Risk-based Capital Regime 3 Pillar 1...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_RBC_Regime_and_Insurtech.pdf -
Date: 2020-06-12
... draft new ERM Guideline as part of the Pillar 2 (i.e. qualitative) requirements under the Risk-based Capital (“RBC”) regime. The Insurance Authority (“IA”) is developing the RBC regime, with a view to aligning the capital requirements for insurance companies with the risks to which they are exposed and...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/cir_20180508.pdf -
Date: 2018-11-30
... management Reinsurance Actuaries in Risk Management Claims Settlement Capital Adequacy Framework • Quantitative assessment • Valuation • Capital RBC – Pillar 1 Identify key risks Formulation of business strategy Communicate and explain risks drivers to Management RBC – Pillar 2 ORSA • Qualitative assessment...
https://www.ia.org.hk/english/infocenter/files/Presentation_Hong_Kong_Actuarial_Summit.pdf -
Date: 2021-12-09
... management Reinsurance Actuaries in Risk Management Claims Settlement Capital Adequacy Framework • Quantitative assessment • Valuation • Capital RBC – Pillar 1 Identify key risks Formulation of business strategy Communicate and explain risks drivers to Management RBC – Pillar 2 ORSA • Qualitative assessment...
https://www.ia.org.hk/english/infocenter/files/Presentation_Hong_Kong_Actuarial_Summit.pdf -
Date: 2021-09-08
... better risk management and policyholders’ protection. 10 Pillar 1 – Quantitative Requirements • IA launched the first Quantitative Impact Study (“QIS 1”) and distributed the technical specifications and templates to the industry on 28 July 2017. • QIS 1 submissions by 1 December 2017 Data analysis will...
https://www.ia.org.hk/english/infocenter/files/Pan_Asian_Regulatory_Insurance_Summit.pdf -
Date: 2021-12-09
... better risk management and policyholders’ protection. 10 Pillar 1 – Quantitative Requirements • IA launched the first Quantitative Impact Study (“QIS 1”) and distributed the technical specifications and templates to the industry on 28 July 2017. • QIS 1 submissions by 1 December 2017 Data analysis will...
https://www.ia.org.hk/english/infocenter/files/Pan_Asian_Regulatory_Insurance_Summit.pdf -
Date: 2021-09-08