请教关于香港保险市场的监管问题

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香港是否有法定准备金啊？在计算最低偿付能力时是用的mathematical reserve，但我只找到了一个Cap 41 Insurance Companies Ordinance
是关于保险准备金的法规。里面算的应该是local gaap的结果吧？？？
请教大神，香港的法定准备金有具体的要求和评估方法吗？谢谢指教~

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关键词：保险市场 Mathematical mathematica Mathematic Companies Insurance reserve 偿付能力 准备金 local

顶啊~~~~~~~~~~~~~~~~

没有人吗。。。。。。

香港2015年才会把保监处升级成立保监局
之后才会有权决定local reserve的相关规定
现在只有保监处依循Cap 41 运作
相信香港精算学会授权认证的精算师
大致是这样
有错请大牛补充

murwhin 发表于 2014-3-13 12:56
香港2015年才会把保监处升级成立保监局
之后才会有权决定local reserve的相关规定
现在只有保监处依循Cap ...

谢谢~ 那请问香港对定价是否有相关的监管要求呢？定价使用的利率，费用率等等，

我在看cap 41E 关于长险负债估计时，发现用的利率是根据公司本身的asset决定的。我的理解是正确的吗？还是保监处有关于评估使用的利率和生命表的要求吗？还是保险公司用什么都可以？

这不是马甲 发表于 2014-3-13 16:48
谢谢~ 那请问香港对定价是否有相关的监管要求呢？定价使用的利率，费用率等等，

我在看cap 41E 关于长 ...

SO far in HK as I know,
1. Local reserve used by most companies are NLP or Zilmer method like Japan (Taiwan uses CRVM method)
2. Mortality based on reasonable expectations of future experience
3. About interest rates,
    i% = MIN [(1), (2), (3)] Where,
   (1) 100% current long dated Govt. bond yield; or according to the Letter from ASHK (such as  (1) can also equal to (50% × current yield + 50% × average yield in the last 3 years))
   (2) 6% + 0.25 * Max[(1)-6%,0]
   (3) 7.5%
4. Expense: Assumptions are not locked in

Hope it helps

murwhin 发表于 2014-3-13 23:58
SO far in HK as I know,
1. Local reserve used by most companies are NLP or Zilmer method like Ja ...

太谢谢了！
讲得好清楚，就是还有一个小小的问题:
在（1）的计算中，使用的50%average yield in the last 3 years, 这是historical yield，那对reinvestment yield（new money yield）又是怎么考虑的呢？

如果是用Govt. bond yield，在match duration的时候，liability duration使用的贴现率是定价利率还是这个法定评估利率？

不要嫌我烦啊，谢谢大牛指教~

这不是马甲 发表于 2014-3-14 17:52
太谢谢了！
讲得好清楚，就是还有一个小小的问题:
在（1）的计算中，使用的50%average yield in the l ...

sorry for misunderstanding, it's forward-looking yield originally,

Forward-looking yield = average of yields of long term fixed interest securities issued by the national government of the country in which currency the liabilities are denominated over the 3-year period ending on (and including) the valuation date

but there is one statement published by ASHK at 2011:
ASHK recommended approach may be adopted for determining the reinvestment yield in the actuarial valuation reports, initially, in respect of financial years 2008, 2009 and 2010. Administrative experience gathered in these years shall be reviewed with regards to the evolving interest rate environment with a view to determining the robustness of the approach for the purposes of the Regulation

that's "last 3 year" comes from

And following are other documents for references:
B.pdf (52.76 KB)

2014-3-15 19:17:32 上传

C.pdf (105.73 KB)

2014-3-15 19:17:33 上传

D.pdf (547.79 KB)

2014-3-15 19:17:41 上传

E.pdf (1.44 MB)

2014-3-15 19:17:50 上传

As liability discount rate, may be depends on what's purpose,
use risk-free rate from HKMA (so called Govt. bond yield) could be prudent if allowable,
otherwise, actuary may have to made liquidity premium assumption under his professional views

good to know