By Bangyan Feng
This is often the 1st accomplished historical past of Hong Kong's coverage undefined, and argues its critical significance within the economic system. Typhoons, shipwrecks, fires, wars, political turbulence and unforeseen occasions of every kind supply a dramatic history to a desirable survey.
Read Online or Download Enriching Lives: A History of Insurance in Hong Kong, 1841-2010 PDF
Similar insurance books
Swiss Annuities and existence coverage examines the major features of Swiss annuities and lifestyles coverage, and explains how using those items may also help in attaining asset safety, progress, and, at times, major tax making plans possibilities. Swiss annuities and lifestyles coverage are an exceptional replacement funding, rather for high-net-worth participants.
This ebook is a suite of workouts protecting all of the major themes within the smooth thought of stochastic strategies and its purposes, together with finance, actuarial arithmetic, queuing thought, and possibility conception. the purpose of this e-book is to supply the reader with the theoretical and functional fabric worthy for deeper knowing of the most issues within the concept of stochastic strategies and its comparable fields.
A entire consultant to present concerns and practices in governance for Takaful and re-Takaful operationsAs the worldwide call for for Islamic assurance items raises, a radical knowing of Takaful rules is essential for accountants, auditors, and leaders of businesses providing those items. This ebook covers the elemental accounting ideas and practices of Takaful operations, together with the segregation of resources, liabilities, source of revenue, and expenses among the Takaful operator and individuals; the atmosphere apart of money reserves for assembly amazing claims and destiny claims; and the administration of profit and expenditure.
Finance arithmetic is dedicated to monetary markets either with discrete and non-stop time, exploring the best way to make the transition from discrete to non-stop time in choice pricing. This publication incorporates a special dynamic version of economic markets with discrete time, for software in real-world environments, besides Martingale measures and martingale criterion and the confirmed absence of arbitrage.
Additional resources for Enriching Lives: A History of Insurance in Hong Kong, 1841-2010
22 (2) Major foreign firms continued to develop their insurance business via agencies. Although these foreign firms had established their own professional insurance arms, due to the lack of manpower and financial resources and considerations related to the trading environment, they still relied heavily on agents to vie for their share of insurance business in Hong Kong and on the Mainland. Even those insurance firms created by foreign firms were independent in name only and were operated by the firms that had invested in them.
Based on existing records, the first Chinese-controlled insurance firm was founded by a Shanghai trading firm with close ties to Jardine Matheson. Although that firm covered the 42 Enriching Lives Fig. 1 An illustrated promotional calendar by the Fook On Assurance & Godown Co. Ltd. The Establishment and Development of the Chinese-Owned Insurance Sector cargo shipments of Chinese firms and little else, it served to stir up some competition for the foreign insurers. Chinese-Founded Insurance Companies between the Late Nineteenth Century and the Dawn of the Chinese Republic The later years of the Qing Dynasty were an incubation period for Chinese-owned insurance companies.
Fig. 11 An advertisement for the Union Insurance Society of Canton, late nineteenth century. Management personnel changes notwithstanding, Union’s business was lifted by the rising tide of Hong Kong’s global trade. In 1868, Union installed Samuel Brown as head of its first-ever satellite office, in Shanghai. 25 million. Each of Union’s 250 shares was valued at as much as US$5,000, although shareholders bought in at US$1,000 per share. , and other big foreign firms in Hong Kong. The ascension of Nathaniel Ede to the top job as secretary of Union in 1871 had a farreaching impact on Union’s future development.