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Two approved bodies of insurance brokers exist in Hong Kong: (1) the Hong Kong Confederation of Insurance Brokers and (2) Professional Insurance Brokers Association Limited. There are a stated 2,558 insurance agencies, 29,937 individual agents and 2.58 responsible officers as well as 14,064 registered technical representatives.
The OCI Annual Report of September 30, 2001 states in regards to reinsurers that "the gross premium of the pure reinsurers' business is HK$1,530 million, a modest 3.2% increase, reversing the downward trend since 1996. The pure reinsurers attained an underwriting profit of HK$72 million in 2000 after having suffered loss for the last 3 years. The top three active foreign reinsurers in Hong...
The regulatory concessions offered by government include reduced minimum capital and solvency margin requirements, exemption from the requirement for maintaining assets in Hong Kong to match local liabilities, and exemption from the requirement for valuing assets and liabilities in accordance with the statutory basis. A captive insurer is restricted to accepting insurance business from its own group of companies only. It is also not allowed to carry on statutory business (i.e., motor
HSBC Life (International) Ltd., and The Prudential Assurance Co. Ltd. (Source: The OCI Annual Report 2001)
In regards to Intermediaries in the insurance industry it is stated that the IARB provided statistics of November 30, 2001, shows that there were 396 insurance brokers in Hong Kong that were authorized in Hong Kong and that 2,937 individuals registered as chief executives/technical representatives of the authorized brokers. Two approved bodies of insurance brokers exist in Hong Kong: (1) the Hong Kong Confederation of Insurance Brokers and (2) Professional Insurance Brokers Association Limited. There are a stated 2,558 insurance agencies, 29,937 individual agents and 2.58 responsible officers as well as 14,064 registered technical representatives.
The OCI Annual Report of September 30, 2001 states in regards to reinsurers that "the gross premium of the pure reinsurers' business is HK$1,530 million, a modest 3.2% increase, reversing the downward trend since 1996. The pure reinsurers attained an underwriting profit of HK$72 million in 2000 after having suffered loss for the last 3 years. The top three active foreign reinsurers in Hong Kong are Munich Re, Swiss Re, and General & Cologne Re." (Source: The OCI Annual Report 2001) In regards to 'captive insurers' it is related that the government "provides a suitable and favorable business environment for captive insurers. The regulatory concessions offered by government include reduced minimum capital and solvency margin requirements, exemption from the requirement for maintaining assets in Hong Kong to match local liabilities, and exemption from the requirement for valuing assets and liabilities in accordance with the statutory basis. A captive insurer is restricted to accepting insurance business from its own group of companies only. It is also not allowed to carry on statutory business (i.e., motor
The difference in country's economic condition makes Coca Cola to fix difference prices for the same product across different countries. 3.2: Integrating Pricing strategy with branding strategy ATC will use a unique brand position to ensure that customer accept prices fixed for its product and services, and the company will use differentiation strategy to make customer accept the prices fixed for its product. By creating a strong brand position, ATC will
"Serving small rather than large customers or densely rather than sparsely situated customers are other examples in which the best way to configure marketing, order processing, logistics, and after-sale service activities to meet the similar needs of distinct groups will often differ" (Porter, 1996, p.67). But choosing a unique position, however, is not enough to guarantee a sustainable advantage. A competitor can reposition itself to match a superior performer by
From the place or distribution standpoint, Cincom relies on a direct sales force for the majority of its sales. This translates into the sales force for Cincom visiting the companies who are interested in purchasing their solutions and providing conference room pilots or demos of their software. Cincom also concentrates on creating demos that match to the needs of their customers exactly, by first evaluating the process workflows and procedures
There is also the need to concentrate on the interaction of these personal demographic factors as the foundation for group factors analysis. Group Factors Analysis The accumulated effects of the personal factors defined in the first section of this paper are put into relevance when the social factors are quantified and measured specifically relating to the retail home furnishings industry. One of the most commonly used is the VALS2 methodology (Piirto,
I am lucky in that my education and my professional experience have both been directly in line with my plans for future development and success, and I have managed to put an excellent portfolio of past work produced together. These external achievements, however, while representative and formative of certain internal qualities and skills, will not directly assist me in achieving more and greater results in the years ahead. For
Marketing Strategy for Burberry in Fist Half of 2012 The organization I have decided to propose a new marketing strategy for is Thomas Burberry. This organization is a distinctive luxury brand with international recognition and broad appeal. They design, source, manufacture and distribute high-quality apparel and accessories. Burberry was founded in Basingstoke, England in 1856; they have a unique heritage associated with Great Britain and position themselves as the authentic