... fiduciary duty; and (xiii) revealing of serious / systemic weaknesses of management systems or internal control failures. (b) The behaviour of the authorized insurer since the conduct was identified, including: (i) manner of reporting the conduct by the authorized insurer (e.g. whether the insurer takes a...

... potential losses from cyber events. As the regulators, we have to closely monitor the cyber risk management and control systems of insurers to ensure that they align with international best practices. The IA has recently formed an expert panel to help us formulate a cybersecurity strategy. The sharing of...

... • Multi industry and multi country. BRI risk landscape • Requires a combination of technical expertise as well as strong political and country risk management with a per risk, per obligor and per country risk accumulation monitor and control. • Early intervention at the project inception phase is crucial....

... to or control over public funds 18 Time limit of PEP  Open ended approach – “once a PEP – could always remain a PEP”  For domestic PEP, handling of a customer who is no longer entrusted with a prominent public function should be based on an assessment of risk and not on prescribed time limit...

... potential losses from cyber events. As the regulators, we have to closely monitor the cyber risk management and control systems of insurers to ensure that they align with international best practices. The IA has recently formed an expert panel to help us formulate a cybersecurity strategy. The sharing of...

... to or control over public funds 18 Time limit of PEP  Open ended approach – “once a PEP – could always remain a PEP”  For domestic PEP, handling of a customer who is no longer entrusted with a prominent public function should be based on an assessment of risk and not on prescribed time limit...

... reflect on the IA’s view of the 5 continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies; and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of...

... reflect on the IA’s view of the 5 continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies; and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of...

... reflect on the IA’s view of the 5 continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies; and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of...

... reflect on the IA’s view of the 5 continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies; and (ii) the licensed insurance intermediaries to which this Guideline applies and (in the case of...