... Kong 5 Authorization and On-going Regulatory Requirements • Long term commitment to the HK insurance industry • Meet all our basic authorization requirements and other on-going regulatory requirements applicable to GI insurers e.g. capital, staff expertise and resources, continuous financial support...

... one special character such as @, #, ! etc; alpha character and numeric character. First Time Activation of Your LISA Account Step 5: • Once you have completed the account initialization step, you’re prompted to login the LISA system again with your newly created password and the 6-digit code shown in...

... erage size of pro- tection gap 5.7 times of annual income * weighted average per economically active adult 02 Life insurance in Hong Kong is well developed. Premiums from life insurance reached HKD 511 billion in 2019, making Hong Kong the 11th larg- est life insurance market (in terms of total premium...

... erage size of pro- tection gap 5.7 times of annual income * weighted average per economically active adult 02 Life insurance in Hong Kong is well developed. Premiums from life insurance reached HKD 511 billion in 2019, making Hong Kong the 11th larg- est life insurance market (in terms of total premium...

... Transactions – Transaction Monitoring 4 What is Transaction Monitoring? Usual - Unusual Financial - Non-Financial Insurer - Intermediary 5 5 What is Unusual/Suspicious? • External reference – Guideline on Anti-Money Laundering and Counter- Terrorist Financing (GN3) – Feedback reports by JFIU – FATF/APGML/IAIS...

... Transactions – Transaction Monitoring 4 What is Transaction Monitoring? Usual - Unusual Financial - Non-Financial Insurer - Intermediary 5 5 What is Unusual/Suspicious? • External reference – Guideline on Anti-Money Laundering and Counter- Terrorist Financing (GN3) – Feedback reports by JFIU – FATF/APGML/IAIS...

... Transactions – Transaction Monitoring 4 What is Transaction Monitoring? Usual - Unusual Financial - Non-Financial Insurer - Intermediary 5 5 What is Unusual/Suspicious? • External reference – Guideline on Anti-Money Laundering and Counter- Terrorist Financing (GN3) – Feedback reports by JFIU – FATF/APGML/IAIS...

..., the level of risk to which an insurer is exposed will be taken into account when determining its capital requirement. Q5 What are the three Pillars under the RBC framework ? A5 An RBC framework covers three major areas, known as the Three Pillars. Pillar 1 consists of the quantitative requirements...