... the importance of the role they perform and the trust placed in them by policy holders, it is important that insurance broker companies meet minimum standards with regard to financial soundness so that they continually have resources to support their operation and thereby service their clients. Hence...

... the importance of the role they perform and the trust placed in them by policy holders, it is important that insurance broker companies meet minimum standards with regard to financial soundness so that they continually have resources to support their operation and thereby service their clients. Hence...

... service provision. An authorized insurer has the responsibility for good conduct of business throughout the insurance life-cycle, and extended to those functions or activities that are outsourced. 28 7.10.2 The conduct risk policy should describe processes and procedures to identify, monitor, manage or...

... the importance of the role they perform and the trust placed in them by policy holders, it is important that insurance broker companies meet minimum standards with regard to financial soundness so that they continually have resources to support their operation and thereby service their clients. Hence...

... the importance of the role they perform and the trust placed in them by policy holders, it is important that insurance broker companies meet minimum standards with regard to financial soundness so that they continually have resources to support their operation and thereby service their clients. Hence...

... completed and signed by the customer, an employee or a service provider of the authorized insurer will activate an on-site audio recording device to conduct the PSAR; or (b) if no audio recording devices are available, all relevant documents will be passed to the authorized insurer’s call centre staff (who...

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6. Em...

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6. Em...

... Draft Guideline on Enterprise Risk Management ANNEX DRAFT FOR CONSULTATION PURPOSES ONLY GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Gove...

... all insurers. 4 respondents consider that valuation options allowed under HKFRS or IFRS and different accounting policies adopted by different insurers might not be consistent. o 7 respondents suggest treatment for certain items, such as intangible assets and contractual service margin. o 6...