...”) Third Mutual Evaluation on Hong Kong in 2008  Deficiencies found in the following measures :  Customer Due Diligence and Record Keeping  Responsibilities and Powers in regulating financial institutions  Criminal or Civil Sanctions  Regulation on Money Value Transfer Service  Disclosure or...

... distribution channels at an early stage. Insurers that apply under Fast Track must have an innovative and robust model using digital distribution to provide benefits to policy holders in product development, delivery, customer service and cost efficiency. “The IA is committed to...

... service to the Hong Kong community in taking on this role and look forward to working with them.” The IA today also published the inaugural issue of Conduct In Focus, a periodical newsletter which presents statistics and commentary on complaints received by the IA and examines topical...

... such as categorisation of Open API functions, third-party service provider (TSP) governance and risk management as well as exemplary use cases to stimulate innovation. The Framework also aims to foster cross-sectoral collaboration and Insurtech application to bring about better, more seamless financial...

... authorities on implementation of the unilateral recognition policy for motor vehicle insurance and setting up of after-sales service centres in selected Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area. On international circulation, issuance of two catastrophe bonds under the regulatory...

...”) Third Mutual Evaluation on Hong Kong in 2008  Deficiencies found in the following measures :  Customer Due Diligence and Record Keeping  Responsibilities and Powers in regulating financial institutions  Criminal or Civil Sanctions  Regulation on Money Value Transfer Service  Disclosure or...

... statutory customer due diligence (“CDD”) and record-keeping requirements to solicitors, accountants, real estate agents, and trust or company service providers (“TCSPs”) when these non-financial businesses and professions engage in specified transactions; and (2) introduce a licensing regime for TCSPs to...

... via an official digital platform (such as a mobile app). If your insurance application is successful, the insurer will issue an electronic policy with your electronic signature or send the original policy to you by post. The intermediary will also continue to provide personal after-sales service to...

... via an official digital platform (such as a mobile app). If your insurance application is successful, the insurer will issue an electronic policy with your electronic signature or send the original policy to you by post. The intermediary will also continue to provide personal after-sales service to...

... service to you, including answering any related enquiries, and helping with insurance claims, renewals, changes of information, etc. 2 After taking out an insurance policy Application process for virtual onboarding via video conference Before taking out an insurance policy Don’ts Dos and don’ts of virtual...