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WEDNESDAY, MAY 18, 1994
INSTITUTIONS RESPONSIBLE FOR TEACHING STANDARD
MAINTAINING THE TEACHING STANDARD AND THE QUALITY OF JAPANESE COURSES IS A PRIMARY RESPONSIBILITY OF THE TERTIARY INSTITUTIONS THEMSELVES.
THIS WAS STATED BY THE SECRETARY FOR EDUCATION AND MANPOWER, MR MICHAEL LEUNG, IN A WRITTEN REPLY TO A QUESTION BY THE HON HOWARD YOUNG IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
MR LEUNG SAID THE CHINESE UNIVERSITY OF HONG KONG, THE UNIVERSITY OF HONG KONG AND THE CITY POLYTECHNIC OF HONG KONG OFFERED JAPANESE COURSES.
HE
SAID THE GOVERNEMNT UNDERSTOOD THE INSTITUTIONS REGULARLY REVIEWED ALL COURSES AND MADE APPROPRIATE CHANGES IN THE LIGHT OF CHANGING CIRCUMSTANCES AND COMMUNITY NEEDS.
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REINSURANCE MEASURES BEING CLOSELY MONITORED
*
THE INSURANCE AUTHORITY HAS BEEN CLOSELY MONITORING THE ADEQUACY OF INSURERS' REINSURANCE ARRANGEMENTS TO SEE WHETHER THE PROPORTION OF RISKS RETAINED IS SUPPORTED BY A SUITABLE CAPITAL BASE.
**
"THIS WILL ENABLE THE AUTHORITY TO TAKE TIMELY MEASURES ΤΟ ADDRESS ANY CONCERNS IDENTIFIED, SECRETARY FOR FINANCIAL SERVICES, MR MICHAEL CARTLAND, SAID.
THE MOVE FOLLOWS ADVERSE UNDERWRITING RESULTS BUSINESS IN RECENT YEARS.
OF REINSURANCE
IN A WRITTEN REPLY TO A QUESTION BY DR THE HON HUANG CHEN-YA IN LEGISLATIVE COUNCIL, MR CARTLAND EXPLAINED CHANGES IN THE INTERNATIONAL REINSURANCE MARKET.
THE
THERE HAS BEEN A SHRINKAGE OF REINSURANCE CAPACITY AS HAS BEEN WITHDRAWN FROM THE MARKET.
CAPITAL
REINSURERS REMAINING IN THE MARKET HAVE TIGHTENED THEIR UNDERWRITING POLICIES AND CONTROLS BY, FOR INSTANCE, RAISING PREMIUM LEVELS, REDUCING THE SCOPE OF COVER AND BEING MORE SELECTIVE IN RISK ACCEPTANCE.
MR CARTLAND SAID IT HAD BECOME MORE DIFFICULT FOR A DIRECT INSURER TO SECURE ADEQUATE REINSURANCE ARRANGEMENTS.
THE MOST SIGNIFICANT IMPACT ON THE LOCAL INSURANCE INDUSTRY IS THE DECISION BY THE HONG KONG REINSURERS FORUM NOT ΤΟ PROVIDE UNLIMITED LIABILITY REINSURANCE COVER FOR MOTOR (THIRD-PARTY) LIABILITY INSURANCE AND EMPLOYEES' COMPENSATION INSURANCE FROM JANUARY NEXT YEAR.
/THIS WILL