Year 2009-2010 - Sunny Path of Tomorrow’s Insurance Intermediaries

President 2009 Report 2009 年 會 長 報 告 c) The 2nd Shenzhen Hong Kong Insurance Intermediaries Soccer Tournament would be held on 12 December 2009 with Zurich Insurance HK as the sponsor. The activity gave members exchange opportunity with counterparts across the border. d) Your Chamber was promoting seminar on ‘Professional Ethics For General Insurance Managers’ organized by ICAC to promote best practices to members. e) Sub-committee on Best Practices was studying guidelines to be released to members in near future. f) Your Chamber was setting an example of being a good corporate citizen in the community. Having committed to charity activity through working closely with Fu Hong Society, your Chamber was awarded Caring Organization by the Hong Kong Council of Social Services 香港 社會服務聯會」頒發 2008/09 年度「同心展關懷」的標誌 . I am glad to learn that over 10 full corporate members were responding by joining the scheme and were expected to be awarded Caring Company in coming February. g) 2008 Year Book titled ‘Insurance Industry after current financial tsunami’ was published in April 2009. It provided readers with views and insights of how the financial tsunami came about and lessons learnt. Importance of good risk management was key message sent to members. Special thanks would be given to those who contributed to the timely publication of the Year Book. 2) To closely watch the outcome on the issue of broker’s disclosure of commission a) The issue was coordinated successfully by Mr. Johnson Lee, Director of Trade Issue. Consultation with our Hon. Legal Advisor was made. Views were exchanged with CIB, PIBA and other intermediary associations. The issue was closely monitored and members had been updated via bimonthly newsletters. 3) To reduce operating costs in the wake of economic recession a) Increase of HKCII membership fee was held back for one year despite reduction in revenue b) Demand for reduction of CPD cost and Business Registration cost was reflected to Hon. K.P. Chan. 4) Other events a) Active participation in insurance industry activities Representatives from the Chamber attended annual Cross Strait Insurance Conference, annual dinners and anniversary functions of other insurance associations and other industry events in Hong Kong, PRC and Macau. b) Active participation in community service Despite economic hardship, your Chamber never forgot the under-privileged. Thanks to the good hearts of our members, our support to Fu Hong Society continued into 2009. A donation Yearbook 2009 年刊 & Prospect 2010 展望 29