... Insurance Ordinance, and for such internal control as the Authority determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Authority is responsible for assessing the...

... Insurance Ordinance, and for such internal control as the Authority determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Authority is responsible for assessing the...

... Its duties include advising the Board on the authorized insurer’s risk appetite, reviewing the adequacy and effectiveness of the risk management policies for material risks (such as pricing, capital management, market, liquidity, operation and compliance) on a regular basis and ensuring sufficient...

... Its duties include advising the Board on the authorized insurer’s risk appetite, reviewing the adequacy and effectiveness of the risk management policies for material risks (such as pricing, capital management, market, liquidity, operation and compliance) on a regular basis and ensuring sufficient...

..., or attempting to invite or induce, a person to make a material decision; or giving regulated advice. Under the new regulatory regime, any person who carries on a regulated activity2 must possess a valid licence under the Insurance Ordinance, unless exempted. The IA considers various key criteria in...

... purpose and require holistic assets-liabilities management. 2) Risk-sensitive approach that provides a complete reflection of material insurance and financial risks and of the capital requirements that insurers are subjected to. 3) Quantitative and qualitative requirements on ERM and in the ORSA to foster...

... purpose and require holistic assets-liabilities management. 2) Risk-sensitive approach that provides a complete reflection of material insurance and financial risks and of the capital requirements that insurers are subjected to. 3) Quantitative and qualitative requirements on ERM and in the ORSA to foster...

..., or attempting to invite or induce, a person to make a material decision; or giving regulated advice. Under the new regulatory regime, any person who carries on a regulated activity2 must possess a valid licence under the Insurance Ordinance, unless exempted. The IA considers various key criteria in...

... accept the application. Violating the principle of utmost good faith means that the insurer is unable to underwrite fairly and reasonably. In such a case, the insurer may reject claims on the ground of non-disclosure or misrepresentation of material facts, whether or not the facts relate to the illness...

..., or attempting to invite or induce, a person to make a material decision; and giving regulated advice. Under the new regulatory regime, any person who carries on a regulated activity2 must possess a valid licence under the Insurance Ordinance, unless exempted. The IA considers various key criteria in...