... and capital allocation to be coordinated and ensure adequate protection to policy holders 12 Pillar 2 – Qualitative Requirements Own Risk and Solvency Assessment (ORSA) • ORSA is central to insurers’ ERM framework: • Allow the Board and senior management to anticipate the key risks and capital needs...

... Statements issued by the Financial Action Task Force (“FATF”) Frequently Asked Questions in relation to Anti-Money Laundering and Counter-Terrorist Financing Our Ref: INS/TEC/6/45 12 March 2021 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs...

... Statements issued by the Financial Action Task Force (“FATF”) Our Ref: INS/TEC/6/45 16 March 2022 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 12 November 2021...

...://www.ia.org.hk/en/infocenter/forms/intermediaries.html https://iic.ia.org.hk/en/login.html https://www.ia.org.hk/en/legislative_framework/circulars/reg_matters/files/Cir_dd_29_12_2021.pdf https://iahk.knowledgeplatform.com/ - 3 - Enquiries If you have any questions, please contact us as follows: • for matters...

... and capital allocation to be coordinated and ensure adequate protection to policy holders 12 Pillar 2 – Qualitative Requirements Own Risk and Solvency Assessment (ORSA) • ORSA is central to insurers’ ERM framework: • Allow the Board and senior management to anticipate the key risks and capital needs...

... September 2019. Based on our experience in the past 12 months, we thought it helpful to draw your attention to certain requirements of the new regime applicable to licensed insurance broker companies, which may benefit from improved awareness and observance. A number of these requirements, if contravened...

... combating fraudulent claims (section 8.10 of GL10). Fraudulent insurance claims undermine the principles of mutual benefit and risk pooling on which insurance is based, depleting the pooled funds from which only genuine claims are intended to be paid. The fraud detection controls which an insurer should...

... Columbia. We may not have experienced such incidences first-hand, 4 but Hong Kong being shut down twice within a week in October because of typhoon signal number 8 could not possibly escape your attention. These extreme weather events demand top priority and determined action. The insurance industry is...

... been imposed by the SRO concerned had the case been handled by the body. 2 Section 64ZZE of the Ordinance sets out the offence to provide false information in connection with application for licence or approval. 3 Pursuant to Schedule 8 to the Criminal Procedure Ordinance...

... Statements issued by the Financial Action Task Force ("FATF") 8 November 2019 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 15 July 2019, we are...