... Mr Jonathan Dixon, Secretary General, the International Association of Insurance Supervisors 2 Ladies and gentlemen, what have we learnt? Could we adapt to these changes? Are we getting stronger and wiser? The theme “Spearheading Change for a Sustainable and Resilient Future” is therefore a most...

... significant role in improving the social well- being and economic development, and are indispensable for building a robust and sustainable insurance industry in Hong Kong. 2 The establishment of the IA has marked a new milestone in the development of the insurance industry in Hong Kong. I am glad to see a...

... purposes without the OCI’s prior written consent. 2 AML/CFT Systems and Senior Management Oversight How well do insurance institutions understand their ML/TF risks and apply mitigating measures commensurate with their risks? 3 AML/CFT Systems and Senior Management Oversight 4 Country risk – whether...

... protection needs and compare the coverage and exclusions of different plans before taking out a medical insurance policy. Please refer to the section Tips on applying for insurance on this webpage for more information.   Case 2: Non-disclosure of material facts...

... Insurance Authority and Investor and Financial Education Council. All rights reserved. www.thechinfamily.hk [email protected] www.ifec.org.hk Website: www.ia.org.hk Tel: (852) 3899 9983 Email: [email protected] A B 1 2 3 Tips on buying insurance Suitability Protection amount A�ordability Consider...

... payment period was 10 years. The policy with shortest annuity period was 10 years while the longest was lifelong. The minimum issue age was 18 while the maximum was 80.   2. Assess your personal needs The purpose of taking out a QDAP and individual circumstances vary from...

... Insurance Authority and Investor and Financial Education Council. All rights reserved. www.thechinfamily.hk [email protected] www.ifec.org.hk Website: www.ia.org.hk Tel: (852) 3899 9983 Email: [email protected] A B 1 2 3 Tips on buying insurance Suitability Protection amount A�ordability Consider...

... significant role in improving the social well- being and economic development, and are indispensable for building a robust and sustainable insurance industry in Hong Kong. 2 The establishment of the IA has marked a new milestone in the development of the insurance industry in Hong Kong. I am glad to see a...

... purposes without the OCI’s prior written consent. 2 AML/CFT Systems and Senior Management Oversight How well do insurance institutions understand their ML/TF risks and apply mitigating measures commensurate with their risks? 3 AML/CFT Systems and Senior Management Oversight 4 Country risk – whether...

... adjusted to 0.06% of the insurance premium per policy year, with the levy cap set at $60 for life insurance policies and $3,000 for general insurance policies. Except for certain policies1 that are exempt from the levy by law, policy holders of all new or in-force life insurance policies and...