... notes and tab within the Data Collection Template. ii. The submission pack is prepared based on our best effort with sufficient and reasonable controls and review. iii. The submission pack is prepared without any changes to the format and design of the template as provided by Insurance...

... notes and tab within the Data Collection Template. ii. The submission pack is prepared based on our best effort with sufficient and reasonable controls and review. iii. The submission pack is prepared without any changes to the format and design of the template as provided by Insurance...

... the Risk-based Capital Regime, updating design parameters of the Policy Holders’ Protection Scheme and empowering the general public with knowledge on lifetime risk profiling. The Annual Report 2020-21, in full and simplified versions, is available on the IA website. Ends...

... insurance. Some prominent examples include design and calibration of the Risk-based Capital Regime, implementation of the group-wide supervision framework, advent of four virtual insurers, introduction of innovative products to facilitate retirement planning, nurturing of an ecosystem for insurance-linked...

... different. Volume breeds standardization, such that customers at this end of the market are offered insurance products on set terms and conditions on a “take it or leave it” basis. These retail insurance products are formulated unilaterally by insurers through their product design processes with...

... the market, and choose the most suitable and affordable option. As the product design and key features of QDAP products in the market vary, QDAP Selection Made Easy is a useful tool to help potential policy holders compare products and make smart, informed purchase decisions.” QDAP is...

... Traditional Chinese version should prevail. Accessibility Statement This website adopts web accessibility design and conforms to the World Wide Web Consortium (W3C) internationally recognised Web Content Accessibility Guidelines (WCAG) 2.0 Level AA standard. This means that it meets...

... and how we take account of it in our conduct supervision work. In particular, we examine the principle in the context of an insurer’s corporate culture, product development, claims handling and design of its commission structures. “Maturity” of the insurance market...

... diligence, transaction records, registers of suspicious transaction reports, training records; 4 We have adopted a risk-based approach to design, implement and regularly review our AML/CFT policies, procedures and controls (collectively referred to as “AML/CFT Systems”); 5 Our Senior Management is satisfied...

... practice, however, insurers are encouraged to conduct FNA even for those excluded products. II. Section 5 – Product Design Q 2. Section 5.3 requires insurers to monitor the products after launch to ensure that they continue to meet the needs of the target customers. Does this requirement apply to products...