... term business Office premiums of in-force long term business were $511.5 billion in 2019 (increased by 10.8%), continued to be dominated by the Individual Life category which contributed $440.2 billion (increased by 3.3%) or 86.1% of the total. The number of policies in this category was 13.2...

... competition, higher insurance penetration especially in the Asian market What is ‘Sandbox’ ? 5  A concept adopted from software development world  To test technological proof of concept prior to a full-scale public release --> Iterative process to amend and improve based on feedback  In a regulated...

... 30 November 2018 Our Ref: MC/INT/5 To: Chief Executives of all authorized insurers Dear Sirs, Explanatory Note on Licensing Requirements for Employees of Authorized Insurers under Regulatory Regime for Insurance Intermediaries We are writing to inform you that an Explanatory Note on Licensing...

... 30 November 2018 Our Ref: MC/INT/5 To: Chief Executives of all authorized insurers Dear Sirs, Explanatory Note on Licensing Requirements for Employees of Authorized Insurers under Regulatory Regime for Insurance Intermediaries We are writing to inform you that an Explanatory Note on Licensing...

... Private and Confidential Wesurance Limited 030519W-IA !4 E K Y C Private and Confidential Wesurance Limited 030519W-IA !5 Electronic Know Your Customer (eKYC)* by Simplify the claim process An eKYCed customer could make statement of the claim in system, no signature’s required eKYC is eligible for some...

... Perils Insurance 1.4.1a Fire Business Interruption Insurance 1.4.2 Property “All Risks” Insurance 1.4.3 Theft Insurance 1.4.4 Glass Insurance 1.4.5 Money Insurance 1.4.6 Fidelity Guarantee Insurance 1.4.7 Surety Bonds 1.5 Engineering Insurance 1/50 1.5.1 Boiler Explosion Insurance 1.5.2 Machinery...

..., namely Basic Benefits, as prescribed in the Policy Template (see (c)(ii) above). (5) A Flexi Plan must provide Enhanced Benefits in addition to the Basic Benefits. The design of Flexi Plans must adhere to the “better-off principle” entailing terms and benefits which will bring more protection to...

... Domestic Helper Insurance 1.3.3 Travel Insurance 1.3.4 Commercial Combined Policies 1.4 Property Insurance and Pecuniary Insurance 1/32 1.4.1 Fire and Extra Perils Insurance 1.4.1a Fire Business Interruption Insurance 1.4.2 “All Risks” Insurance 1.4.3 Theft Insurance 1.4.4 Glass Insurance 1.4.5 Money...

... Purpose, Application and Status of this Guideline ............................. 4 4. Responsibilities of Board of Directors, Individual appointed as Controller and Senior Management .................................................... 6 5. Product Design...