... Phase II of the Project. 14. As regards operational risk, we proposed to adopt a simple approach initially, for example, by reference to premiums, new business and claims. Some respondents feel that volume-based methodology may not be appropriate for measuring the level of operational risk an insurer...

... particularly important where legal action may be taken in response to an insurer violating a control level. The above proposal is aimed at ensuring that control levels are simple to understand, and that the relationships between control levels and regulatory actions are clear and coherent to insurers and...

... of Insurtech, the IA strikes a balance carefully – while life insurance products offered through digital channels must be simple and contain high protection elements, we are also mindful that innovation should not be stifled by over regulation. Second, we endeavour to cultivate a healthy ecosystem...

... of Insurtech, the IA strikes a balance carefully – while life insurance products offered through digital channels must be simple and contain high protection elements, we are also mindful that innovation should not be stifled by over regulation. Second, we endeavour to cultivate a healthy ecosystem...

... of Insurtech, the IA strikes a balance carefully – while life insurance products offered through digital channels must be simple and contain high protection elements, we are also mindful that innovation should not be stifled by over regulation. Second, we endeavour to cultivate a healthy ecosystem...

... surrender charges - for business introduced by insurance agents) 5. Appendix C2: Important Facts Statement and the Applicant’s Declarations (Simple charge structure version for upfront and surrender charges - for business introduced by insurance agents) 6. Appendix D1: Post-sale Call Content for Vulnerable...

... IFS Versions  Fundamentally, there are two versions of the IFS to reflect the complexity of the Fees & Charges of the specific product being sold;  These versions are referred to as “Simple” and “Complex”. It is the Member Company’s responsibility to match the more appropriate IFS with its...

... Procedures will be kept as simple as possible. The Code also sets out procedures for review or complaint if any person considers that the Code has not been properly applied. 2 (Aug 2018) Part 1 Scope 1.1 This Code applies to all IA staff. Courts, tribunals and inquiries 1.2 The existing legal rules governing...

... Examination Questions The examination will consist of 75 multiple-choice questions. The majority of the questions will be very straightforward, involving a simple choice from four alternatives. These we may call Type ‘A’ Questions. A selection of the questions (probably between 10% and 15%) will be slightly...

... of other projects, are encouraged and made possible partly because insurance is available. - o - o - o - 1/5 Representative Examination Questions The examination will consist of 75 multiple-choice questions. The majority of the questions will be very straightforward, involving a simple choice from...