... operations of the insurer or materially impact the insurer’s service to its existing or potential policy holders; (b) “cyber risk” refers to any risks that emanate from the transmission, storage, use or processing of data transmitted, stored and retrieved in electronic means, including technology tools and...

... The basic concept is fairly simple: you pay a premium (in a lump sum or by instalments) to an insurance company, which in turn, provides you with a regular annuity immediately, or after a designated period of time, or when you reach a certain age for the period specified in the contract. Since this...

... The basic concept is fairly simple: you pay a premium (in a lump sum or by instalments) to an insurance company, which in turn, provides you with a regular annuity immediately, or after a designated period of time, or when you reach a certain age for the period specified in the contract. Since this...

... The basic concept is fairly simple: you pay a premium (in a lump sum or by instalments) to an insurance company, which in turn, provides you with a regular annuity immediately, or after a designated period of time, or when you reach a certain age for the period specified in the contract. Since this...

... Notification of Termination of Appointment Under section 64R of the IO, within 14 days after the day on which an authorized insurer, a licensed insurance agency or a licensed insurance broker company (collectively, “Appointing Principal”) terminates the appointment of a licensed...

... The basic concept is fairly simple: you pay a premium (in a lump sum or by instalments) to an insurance company, which in turn, provides you with a regular annuity immediately, or after a designated period of time, or when you reach a certain age for the period specified in the contract. Since this...

... and decides to take up an ILAS product as proposed, the client should explain in his/her own hand writing under Option B of “Suitability Declaration”. If in the FNA, the client only indicates “Investment” or “Saving” and after going through the sale flow, he/she is happy with the life benefit features...

..., after consulting the Insurance Authority, has introduced the following major initiatives/arrangements: Customer Protection Declaration Form The Customer Protection Declaration Form (“CPDF...

... insolvency of an employer’s insurer which happens on or after that date. All insurers carrying on direct EC business must be members of the Employees Compensation Insurer Insolvency Bureau (“ECIIB”), the Bureau is set up for administering the scheme. The ECIIS is funded by a contribution from member insurers...

... Solvency Assessment (“ORSA”) Report, which is required for the financial year ending on or after 31 December 2020, and for future ORSA Reports until further notice. We take this opportunity to thank the insurance industry and professional bodies for providing invaluable comments on the Prescribed...