... the Risk-based Capital Regime, updating design parameters of the Policy Holders’ Protection Scheme and empowering the general public with knowledge on lifetime risk profiling. The Annual Report 2020-21, in full and simplified versions, is available on the IA website. Ends...

... insurance. Some prominent examples include design and calibration of the Risk-based Capital Regime, implementation of the group-wide supervision framework, advent of four virtual insurers, introduction of innovative products to facilitate retirement planning, nurturing of an ecosystem for insurance-linked...

... different. Volume breeds standardization, such that customers at this end of the market are offered insurance products on set terms and conditions on a “take it or leave it” basis. These retail insurance products are formulated unilaterally by insurers through their product design processes with...

... challenges facing Asia.   Dr Moses Cheng, Chairman of the IA, delivers the opening remarks in the panel session. Prominent panellists discuss how inclusive insurance can be incorporated into insurers’ business strategies. ...

... the market, and choose the most suitable and affordable option. As the product design and key features of QDAP products in the market vary, QDAP Selection Made Easy is a useful tool to help potential policy holders compare products and make smart, informed purchase decisions.” QDAP is...

... Traditional Chinese version should prevail. Accessibility Statement This website adopts web accessibility design and conforms to the World Wide Web Consortium (W3C) internationally recognised Web Content Accessibility Guidelines (WCAG) 2.0 Level AA standard. This means that it meets...

... and how we take account of it in our conduct supervision work. In particular, we examine the principle in the context of an insurer’s corporate culture, product development, claims handling and design of its commission structures. “Maturity” of the insurance market...

... potential losses from cyber events. As the regulators, we have to closely monitor the cyber risk management and control systems of insurers to ensure that they align with international best practices. The IA has recently formed an expert panel to help us formulate a cybersecurity strategy. The sharing of...

... potential losses from cyber events. As the regulators, we have to closely monitor the cyber risk management and control systems of insurers to ensure that they align with international best practices. The IA has recently formed an expert panel to help us formulate a cybersecurity strategy. The sharing of...

... potential losses from cyber events. As the regulators, we have to closely monitor the cyber risk management and control systems of insurers to ensure that they align with international best practices. The IA has recently formed an expert panel to help us formulate a cybersecurity strategy. The sharing of...