Monday, June 6, 2016

Hong Kong: GUIDANCE NOTE ON REINSURANCE (PDF)

Office of the Commissioner of Insurance 1 June 2016

This Guidance Note is issued pursuant to the Insurance Companies Ordinance (Cap. 41) (“Ordinance”) with reference to the requirements set out in the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP”) promulgated by the International Association of Insurance Supervisors. 

It sets out prudent practices pertinent to reinsurance management and the general guiding principles of the Insurance Authority (“IA”) in assessing the adequacy of the reinsurance arrangements of an insurer.

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