... intermediary liable to judicial or other proceedings. A non- 3 compliance may, however, for example, reflect on the IA’s view of the 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...

... intermediary liable to judicial or other proceedings. A non- 3 compliance may, however, for example, reflect on the IA’s view of the 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...

... – Quantitative Aspects Capital adequacy 7. We proposed in the consultation document that a total balance sheet approach should be adopted and that two explicit solvency control levels, namely, the prescribed capital requirement (“PCR”) and the minimum capital requirement (“MCR”) be used. We further proposed that...

... realisable assets for restraint and confiscation are relatively negligible  HK is one of the most open insurance centres in the world ML threat level of insurance sector is medium low 4 Vulnerabilities of Insurance Sector Input Variables  General AML Control Variables Relate to the effectiveness of the...

... and analytics can lower operation costs through accurate product design, product pricing and risk control. All these crystalise into insurance products that better meet the needs of clients at a lower price and a more efficient claim process. In the UK and US, there are technological applications to...

... attributable to the conduct; (xiii) in relation to a firm, − whether the conduct reveals serious or systemic weaknesses of the firm’s internal control procedures and risk management systems in respect of all or part of the business of regulated activities carried on by the firm; 4 − the seniority and industry...

... and analytics can lower operation costs through accurate product design, product pricing and risk control. All these crystalise into insurance products that better meet the needs of clients at a lower price and a more efficient claim process. In the UK and US, there are technological applications to...

... realisable assets for restraint and confiscation are relatively negligible  HK is one of the most open insurance centres in the world ML threat level of insurance sector is medium low 4 Vulnerabilities of Insurance Sector Input Variables  General AML Control Variables Relate to the effectiveness of the...

... attributable to the conduct; (xiii) in relation to a firm, − whether the conduct reveals serious or systemic weaknesses of the firm’s internal control procedures and risk management systems in respect of all or part of the business of regulated activities carried on by the firm; 4 − the seniority and industry...

... attributable to the conduct; (xiii) in relation to a firm, − whether the conduct reveals serious or systemic weaknesses of the firm’s internal control procedures and risk management systems in respect of all or part of the business of regulated activities carried on by the firm; 4 − the seniority and industry...