... September 2023 - Typhoon Saola and a black rainstorm. According to the data collected from the insurance industry1, the total gross claims incurred reached $1.9 billion2. Property damage and motor businesses are the two most affected lines of business, representing 86% and 9% of the total gross...

... industry on both sides and serve as a response to the proposal made by the industry. Our goal is to complete the equivalence assessment within four years. Before the completion of assessment, both sides agreed on a transitional regulatory arrangement which recognises the solvency regime of each other as...

... & Fulfillment Our technology can be 'modular' or 'as-a- platform' - we adapt to EVOLVING needs. Seasonalife Coherent Engagement Hub Forms + eFNA Forms Kompass Copyright © 2019 Coherent 4 Coherent is helping improve the Customer-Intermediary-Insurer value chain… The Customer “The Seasonalife platform allowed me...

... Understanding a Participating Policy How to interpret the benefit illustrations According to the Guideline on Benefit Illustration for Long Term Insurance Policies (GL 28) issued by the Insurance Authority, insurers should provide you with a benefit...

... (http://www.fatf-gafi.org/publications/high- riskandnon-cooperativejurisdictions/documents/public-statement-october-2018.html). (i) Jurisdiction subject to a FATF call on its members and other jurisdictions to apply counter-measures Democratic People’s Republic of Korea (“DPRK”) The FATF remains...

... non-F2F distribution methods Despite the fact that insurance market of Hong Kong is relatively mature and developed, there exists a noticeable structural imbalance in the life market towards insurance products with significant savings or investment elements and a glaring protection gap. The IA sees merit...

...本指引的合規。未能遵守本指引的保險機構，可因為 違反《打擊洗錢條例》及 /或《保險業條例》的有關要 求，而被採取紀律行動或其他行動。 1.4 本指引旨在供保險機構，以及其主管人員與職員使用1。 本指引： (a) 提供有關洗錢及恐怖分子資金籌集的一般背景資 料，包括在香港適用的打擊洗錢及恐怖分子資金籌 集法例的主要條文概要；及 (b) 提供實務指引，協助保險機構及其高級管理層因應 本身的個別情況，制定及實施相關營運範疇的政 策、程序及管控措施，以符合有關打擊洗錢及恐怖 分子資金籌集的法定及監管規定。 1.5 保監局會不時檢討本指引的相關性及適用性，並會按需 要作出修訂。 1.6 為免引起疑問，如...

...《打擊洗錢條 例》及《保險業條例》的法定要求。保監局透過《打擊 洗錢條例》及《保險業條例》執行本指引的合規。未能 遵守本指引的保險機構，可因為違反《打擊洗錢條例》 及 /或《保險業條例》的有關要求，而被採取紀律行動或 其他行動。 1.4 本指引旨在供保險機構，以及其主管人員與職員使用1。 本指引： (a) 提供有關洗錢及恐怖分子資金籌集的一般背景資 料，包括在香港適用的打擊洗錢及恐怖分子資金籌 集法例的主要條文概要；及 (b) 提供實務指引，協助保險機構及其高級管理層因應 本身的個別情況，制定及實施相關營運範疇的政 策、程序及管控措施，以符合有關打擊洗錢及恐怖 分子資金籌集的法定及監管規定...

... agent if that agent has breached the Code of Practice for the Administration of Insurance Agents. Similarly, under section 75 of the IO, the IA is empowered to withdraw the authorization of an insurance broker authorized under section 69 or approval of a body of insurance brokers approved under section...

... Insurance Authority consults on the proposed Insurance (Special Purpose Business) Rules 4 September 2020 The Insurance Authority (“IA”) today (4 September 2020) launched a six-week public consultation on the draft Insurance (Special...