... management, accuracy and completeness of relevant updates therein 14 3. Customer Risk Assessment Findings: Risk assessment not actually conducted by some insurers Certain risk factors (e.g. product/ service and delivery/ distribution channel risk) not considered in determining overall ML/TF risk rating...

... commissions, service fees or marketing allowances paid by the insurers. For these, additional measures for disclosure (over and above those stated in this Practice Note) may be required to be given by the licensed insurance broker company to the client and express consent obtained. Please also see circular...

... commissions, service fees or marketing allowances paid by the insurers. For these, additional measures for disclosure (over and above those stated in this Practice Note) may be required to be given by the licensed insurance broker company to the client and express consent obtained. Please also see circular...

... two others, from at least one I will be able to learn.” At the IA, we would keep on our learning by walking with many more others, be they from the diverse membership which makes up our great industry, the service providers who support them, or our fellow regulators both in Hong Kong and abroad. I am...

... management, accuracy and completeness of relevant updates therein 14 3. Customer Risk Assessment Findings: Risk assessment not actually conducted by some insurers Certain risk factors (e.g. product/ service and delivery/ distribution channel risk) not considered in determining overall ML/TF risk rating...

... your insurance portfolio? 4 5 11) Please list and rank the top five topics that you need more training or seminars 1 2 3 5 10) Please list and rank the top five challenging technical areas in HKFRS 17. Please also elaborate. For example, Contractual Service Margin (CSM) amortisation, determination of...

... insurance-related disputes of a monetary nature arising from personal insurance contracts. Apart from maintaining the ICCB’s service of adjudicating claim-related disputes, the ICB has launched a new mediation service to handle non-claim related insurance disputes of a monetary nature starting from 16 July 2018. It...

... Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) the extent of additional measures set out in the AMLO will depend on the nature and characteristics of the product or service requested and the assessed ML/TF risks presented by the customer. Paragraph 4.12.2 when taking supplementary measures...

... Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) the extent of additional measures set out in the AMLO will depend on the nature and characteristics of the product or service requested and the assessed ML/TF risks presented by the customer. Paragraph 4.12.2 when taking supplementary measures...

... GN16 (e.g. through application form to determine if a customer is a vulnerable customer). Nonetheless, insurance options (which should be given based on customers’ responses to FNA) need not be provided to customers if the FNA process has not been conducted. For better customer service and best...