... VTC Insurance Summit Insurance Summit 2018 Insurance Training Board PEAK The New Regulatory Framework for Insurance Intermediaries Ms Peggy Fu Associate Director (Market Conduct) 8 October 2018 Key Points of the New Regime Promote a modern and flexible regulatory approach to increase regulatory...

... out a set of temporary facilitative measures, which will last until 30 April 2023. Insurers and intermediaries may dispense with the need to conduct a Financial Needs Analysis in the selling process of a Qualifying Deferred Annuity Policy (QDAP), provided that they have duly performed...

... restored its profit of HK$583 million from a loss of HK$827 million in 2017, mainly contributed by improved performance of reinsurance inward business. The overall claim situation for general insurance business slightly improved with a net loss ratio of 62.4% in 2018 despite the impact of Typhoon Mangkhut....

... on Medical Insurance Business The above GLs have already commenced on 23 September 2019 with the provision of a transitional period that runs until 22 September 2020, except GL 31 which was published on 29 November 2019 for commencement on 23 September 2020. Fully recognising that the COVID-19...

... on Medical Insurance Business The above GLs have already commenced on 23 September 2019 with the provision of a transitional period that runs until 22 September 2020, except GL 31 which was published on 29 November 2019 for commencement on 23 September 2020. Fully recognising that the COVID-19...

... December 2020 with a wide audience from near and far. With the theme “Spearheading Change for a Sustainable and Resilient Future”, a deep dive will be taken into some key drivers of growth for the insurance industry – financial connectivity in the Greater Bay Area, risk management...

... declaration of cross-border transportation of cash or bearer instruments  3 International AML Standards FATF Recommendations 2012  Renumber and restructure 40 recommendations  Adopting a risk-based approach FATF Methodology 2013  Other than “Technical Compliance (“TC”)” assessment, “Effectiveness...

... declaration of cross-border transportation of cash or bearer instruments  3 International AML Standards FATF Recommendations 2012  Renumber and restructure 40 recommendations  Adopting a risk-based approach FATF Methodology 2013  Other than “Technical Compliance (“TC”)” assessment, “Effectiveness...

... regulatory requirements. Under the Sandbox initiative, pilot trials of Insurtech applications will be conducted in a controlled environment with sufficient safeguards for policy holders. Insurers can gain real market data and collect user feedback before their formal launch in the market. Fast...

... Self-Regulatory Organizations (SROs)1 and be responsible for all aspects of the regulation of insurance intermediaries in Hong Kong, including granting licences, conducting inspections and investigations, and imposing disciplinary sanctions where applicable. “This exercise is a monumental phase of...