... recognition technology, a client may just “tell” an online portal or an app on a mobile phone the required information. And then, within tens of seconds, he gets what ought to the best insurance for him according to the pre-set algorithm. 9. On the one hand, with better risk analysis and by getting rid of...

... recognition technology, a client may just “tell” an online portal or an app on a mobile phone the required information. And then, within tens of seconds, he gets what ought to the best insurance for him according to the pre-set algorithm. 9. On the one hand, with better risk analysis and by getting rid of...

... recognition technology, a client may just “tell” an online portal or an app on a mobile phone the required information. And then, within tens of seconds, he gets what ought to the best insurance for him according to the pre-set algorithm. 9. On the one hand, with better risk analysis and by getting rid of...

... (“IA”) has the responsibility of ensuring that an authorized insurer is able to meet its liabilities or fulfil the reasonable expectations of policy holders. Adequacy of the reserves set aside by an authorized insurer for payment of future claims is an important factor affecting the insurer’s ability...

... the suggested FNA form as set out in the Appendix. Are Insurers allowed to have certain degree of flexibility on the presentation of the questions and the choice of options as suggested in FNA Form? A 7. As a matter of principle, insurers are required to include all the questions and multiple choice...

... Licensed Insurance Broker Companies) Rules (Cap. 41L) Savings and Transitional Arrangements The Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules (Cap. 41L) (“Broker Rules”) came into force on 23 September 2019. The Broker Rules set out the requirements applicable...

... situation and after consultation with the industry, the IA sees the need for rolling out Phase 2 of the TFM with details of implementation set out below. Scope of products covered Phase 2 of the TFM will cover the following types of products – (i) Qualifying Deferred Annuity Policy (“QDAP”) (ii) Voluntary...

... situation and after consultation with the industry, the IA sees the need for rolling out Phase 2 of the TFM with details of implementation set out below. Scope of products covered Phase 2 of the TFM will cover the following types of products – (i) Qualifying Deferred Annuity Policy (“QDAP”) (ii) Voluntary...