...) and in particular for hosting this annual Insurance Summit. 2. As our new CEO Mr Clement Cheung and our Associate Director of Market Conduct Ms Peggy Fu would be addressing on the evolving landscape of the industry and the new regulatory framework for insurance intermediaries, I was wondering what I...

...) and in particular for hosting this annual Insurance Summit. 2. As our new CEO Mr Clement Cheung and our Associate Director of Market Conduct Ms Peggy Fu would be addressing on the evolving landscape of the industry and the new regulatory framework for insurance intermediaries, I was wondering what I...

... account comments from the insurance industry and various stakeholders; and the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP”) promulgated by the International Association of Insurance Supervisors, in particular ICP19 on fair treatment of customers. To ensure fair...

... First ORSA Reports Thank you for your support in the development of the Risk-based Capital (“RBC”) Regime. We received a total of 120 Own Risk and Solvency Assessment (“ORSA”) Reports prepared for the first time under the Guideline on Enterprise Risk Management (“GL21”). We would like to share with you...

... Vulnerabilities in Insurance Industry 7.4.4 Stages of Money Laundering 7.4.5 Legislation on Money Laundering and Terrorist Financing 7.4.5a Anti-Money Laundering and Counter- Terrorist Financing (Financial Institutions) Ordinance (‘AMLO’) 7.4.5b Drug Trafficking (Recovery of Proceeds) Ordinance (‘DTROP’) 7.4.5c...

... Regulation of Insurance Companies in Hong Kong 6/1 6.1.1 Insurance Companies Ordinance (‘ICO’) 6.1.2 Code of Conduct for Insurers 6.1.3 Guidelines on Complaint Handling 6.1.4 Insurance Claims Complaints Bureau (‘ICCB’) 6.2 Regulation of Insurance Intermediaries in Hong Kong 6/15 6.2.1 Roles and...

... weeks (30 March to 13 April). However, enquiry and complaint hotline services will continue as normal, and their operating hours are set out on the IA website. Email responses to enquiries and complaints will also continue as normal. Except those skeleton staff, IA staff will work from home in...

... weeks (14 to 26 April). However, enquiry and complaint hotline services will continue as normal, and their operating hours are set out on the IA website. Email responses to enquiries and complaints will also continue as normal. Except those skeleton staff, IA staff will work from home in the...

... Peter Greaves of PricewaterhouseCoopers Limited as Advisors to support the Tahoe Life Insurance Company Limited (Tahoe Life) on a few specific areas that include management of assets and properties, investment strategy and declaration of benefits to policy holders. “The appointment of Advisors...

... under Insurance Ordinance (Cap. 41) (“IO”) to initiate investigation and impose a range of disciplinary sanctions on regulated persons which includes the licensed insurance intermediary, the responsible officer and the person concerned in the management of regulated activities. The...