... Insurance Authority (“IA”) issued a circular on 21 February 2020 regarding Phase 1 of the temporary facilitative measures (“TFM”) to obviate the need to conduct face-to-face (“F2F”) meetings to minimize the risk of infection during the sales process of insurance policies. In view of the current pandemic...

... Statements issued by the Financial Action Task Force (“FATF”) Our Ref: INS/TEC/6/45 17 March 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 8 November 2019...

... Statements issued by the Financial Action Task Force ("FATF”) Our Ref: INS/TEC/6/45 18 March 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 8 November 2019...

... Insurance Authority (“IA”) issued a circular on 21 February 2020 regarding Phase 1 of the temporary facilitative measures (“TFM”) to obviate the need to conduct face-to-face (“F2F”) meetings to minimize the risk of infection during the sales process of insurance policies. In view of the current pandemic...

... Life and Annuity (Linked) business amounted to $6.6 billion (decreased by 21.7%). Contributions of Retirement Scheme business reached $8.1 billion (increased by 11.3%). On new business, new office premiums (excluding Retirement Scheme business) of long term business were $48.4 billion...

...; Hong Kong’s Money Laundering and Terrorist Financing Risk Assessment Report (Part 1) Hong Kong’s Money Laundering and Terrorist Financing Risk Assessment Report (Part 2) Regulatory Update and Supervisory Observations on AML/CFT...

... (ISSB) publication of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. These standards aim at becoming the global baseline for corporate disclosure of climate and sustainability-related information1. The Steering Group also welcomes the reliefs built...

... There are now 18 Hong Kong insurers1, which account for 84% of the motor insurance market share, providing URP products. Insurers have also been looking for ways to improve their application processes, including introduction of e-portals which provide the car owners with greater convenience...

... Risk-based Capital Framework for Insurance Industry of Hong Kong Risk-based Capital Framework for Insurance Industry of Hong Kong Frequently Asked Questions Q1 What are the differences between a risk-based capital (RBC) framework and the existing rule-based regime? A1 Currently, the Insurance...