... credit rating agency concerned. 34. A description of the internal controls proposed to be implemented to secure the proper functioning of the company, including policies, procedures and controls in relation to anti-money laundering (“AML”) and counter-financing of terrorism (“CFT”). 35. Copies of the...

... credit rating agency concerned. 34. A description of the internal controls proposed to be implemented to secure the proper functioning of the company, including policies, procedures and controls in relation to anti-money laundering (“AML”) and counter-financing of terrorism (“CFT”). 35. Copies of the...

... Sensitivity of new business sales was also commonly tested. A few insurers tested sales mix different from those assumed in business plan. Other deployed adverse non-market scenarios included anti-selective lapse, default of reinsurer, operational risk event, cyber event, etc. 6.17 It was observed that a few...

... credit rating agency concerned. 34. A description of the internal controls proposed to be implemented to secure the proper functioning of the company, including policies, procedures and controls in relation to anti-money laundering (“AML”) and counter-financing of terrorism (“CFT”). 35. Copies of the...

... anti-selection (also known as selection against the insurer), whereby the better risks - 1/14 those in good health and with real prospects of a long life - dropped out of the scheme as it became more expensive, and the bad risks would normally decide to continue, for obvious reasons. This creates an imbalance of...

... problems with continuation of insurance; (ii) the system was vulnerable to anti-selection (also known as selection against the insurer), whereby the better risks - those in good health and with real prospects of a long life - dropped out of the scheme as it became more expensive, and the bad risks would...

... included: (i) increasing premiums with increasing age and, in later years, decreasing disposable resources or earning power of the policyowner, often presented real problems with continuation of insurance; (ii) the system was vulnerable to anti-selection (also known as selection against the insurer...

... anti-selection (also known as selection against the insurer), whereby the better risks - 1/14 those in good health and with real prospects of a long life - dropped out of the scheme as it became more expensive, and the bad risks would normally decide to continue, for obvious reasons. This creates an imbalance of...

... financial position of the company and the name of the credit rating agency concerned. 34. A description of the internal controls proposed to be implemented to secure the proper functioning of the company, including policies, procedures and controls in relation to anti-money laundering (“AML”) and...

...) Medical and Health Insurance (h) Motor Insurance (i) Property and Pecuniary Insurance 5. Ethical and Related Issues (a) Anti-Money Laundering and Counter-Terrorist Financing (b) Data Privacy (c) Professional Ethics 6. Related Topics (a) Accounting (b) Actuarial Science (c) Business Studies/Practice (d...