General Insurance Forum
General Insurance Forum
 
HKRBC for General Insurers
26 April 2024 ASHK Office
Spaces Available
CPD Hour(s): 0
CPD Hour(s): 0
Overview

The GI Forum is a small group social gathering for GI actuaries to meet up, network, and discuss issues related to their profession.  


The new HKRBC regime will result in the most significant changes that Hong Kong insurers have seen for a generation.  The three-pillar regulatory regime includes specific requirements on market value of assets, prescribed capital amount, enterprise risk management, market disclosure and regulatory reports, attracting the attention of all parties in the industry.  Recently Hong Kong Insurance Authority (HKIA) has also issued and updated the corresponding subsidiary legislation and regulatory requirements, with a view to implementing the HKRBC regime by mid-2024.  Our guest, Dr. Jeff Yao, will share with us his experience with HKRBC for general insurers and focus on:

  • Technical and practical considerations in implementation
  • Efficient and effective reporting processes
  • Unleash the full power of HKRBC


Registration Policy
1.Registration will only be confirmed upon receipt of full payment, on a first-come, first-served basis. To qualify for any special rate (e.g. early-bird rate), if any, please settle the full payment by the prevailing deadline. Otherwise, the outstanding registration fee will automatically be changed to the regular rate.
2.For ATM/bank transfer, all bank charges (including any local and overseas charges) should be borne by registrants and cannot be deducted from the registration fee. Please give instructions to your bank to this effect if charges are deducted from the registration fee, the registrant will have to reimburse the difference to the ASHK upon arrival at the event.
3.An official e-receipt will be sent by email and uploaded to the “Login Area” on the ASHK website (click “Payment History”) within 1-2 weeks after the payment has been verified.
4.Upon successful registration with payment, registrants will receive a confirmation email. A reminder email will also be sent prior to the event. If registrants did not receive the confirmation email and reminder from the ASHK, it is the registrants’ responsibility to contact the ASHK Office to confirm their seats.
5.By registering, registrants agree that their personal data provided will be used by the ASHK for administration and management purposes relating to this event and other activities supported by ASHK or relevant to the actuarial profession. Registrants can request not to disclose their personal data and opt out from receiving the ASHK’s general mailings by emailing to the ASHK Office: info@actuaries.org.hk.
6.An official e-certificate of attendance will be emailed to all registrants who attend the entire webinar and complete the evaluation form and also uploaded to the “Login Area” on the ASHK website (click “CPD Record” > “Event Log & Attendance Certificate”) within 1-2 weeks after the event.
Cancellation and Refund Policy
1.Registrations should be paid in full prior to the event. Immediate payment is required upon receipt of the registration acknowledgement email. If registrants fail to make payment, ASHK reserves the right to release the seat without prior notice and your registration for future events may be affected.
2.
For cancellation, please notify the ASHK Office by emailing to info@actuaries.org.hk and provide such information as the registrants’ names and company names.
Unless specified, cancellation before 29 March 2024 will be subject to an administration fee of HK$40 of registration fee per registrant and refunds will only be made after the completion of the event. ASHK will mail the refund cheque and the amount will be the registration fee less the administration fee.
In the event of late cancellation (after 29 March 2024) or no-show, request of refund will not be entertained. The registration fee will still be due for any no-shows.
3.Substitutions are allowed without any administration fee provided written notice is given to the ASHK Office at least 2 working days prior to the event date. Non-member rate applies if the substitute is not an ASHK member.
4.The ASHK reserves the right to change the venue, date/time or speaker(s) of the event due to unforeseen circumstances without prior notice. Any changes in the event details may be notified to registrants by email and posted at the ASHK website (www.actuaries.org.hk).
5.In case of dispute, the ASHK reserves the right of final decision.
Adverse Weather Policy
Unless specified,
1.When Typhoon Signal No. 3 or below/ Amber or Red Rainstorm Warning is in force, all events will be held as scheduled.
2.
For events that have not started yet:
If Typhoon Signal No. 8 or Black Rainstorm Warning is in force after
7:00 am - morning and/or full-day events that start from 9:00 am will be cancelled.
10:00 am - luncheon events will be cancelled.
12:00 noon - afternoon events that start between 2:00 pm and 6:00 pm will be cancelled.
4:00 pm - evening event that start from 6:00 pm will be cancelled.
The ASHK will re-schedule the event if possible. If participants cannot join the event on the re-scheduled date, registration fee will be refunded. If the event cannot be re-scheduled, registration fee will be refunded.
3.
For events that are in progress:
When Typhoon Signal No. 8 or above is hoisted, the event must be halted immediately. Participants should leave the venue when it is safe to do so.
When Black Rainstorm Warning is in force, the event will continue as scheduled. Participants are advised to remain where they are.