... does not necessarily refers to models used to determine capital requirements. For example, credit risk models can be used to monitor and manage credit risk as well as contribute to the determination of the Pillar 2 Capital amount. 6.2.8 Where a model is used in ERM, an authorized insurer should give...

... value at the time of death. Who should consider it? Young people wi th l imi ted financial means; individuals who have high protection needs for a period of time or who are looking solely for protection and have other financial plans Individuals in a strong financial s i t ua t i on w ho wa n t b o t h...

... internal models highlight the need to ensure a level playing field. In response to such concern, we would like to emphasize that the use of an internal model has to be approved by the IA upon application and consideration would be given if the internal model covers the risks adopted for the standardized...

... • Large IIs have policies and procedures, and internal systems and controls to mitigate ML/TF risks • “Three lines of defense” approach (business, compliance and audit) • Customer risk scoring model (e.g. low/medium/high risk, or a numerical score), and apply mitigating measures on a risk based approach...

... • Large IIs have policies and procedures, and internal systems and controls to mitigate ML/TF risks • “Three lines of defense” approach (business, compliance and audit) • Customer risk scoring model (e.g. low/medium/high risk, or a numerical score), and apply mitigating measures on a risk based approach...

... Fast Track must have an innovative and robust business model using digital distribution to bring benefits to the consumers in Hong Kong in product development, delivery, customer service and cost efficiency. Insurers under the Fast Track would not be allowed to accept business from any...

... • Large IIs have policies and procedures, and internal systems and controls to mitigate ML/TF risks • “Three lines of defense” approach (business, compliance and audit) • Customer risk scoring model (e.g. low/medium/high risk, or a numerical score), and apply mitigating measures on a risk based approach...

... innovative and robust business model using digital distribution to bring benefits to the consumers. While these two initiatives were just launched less than three weeks ago, we have already received very positive responses from interested market players. To complement these initiatives, we have also...

... innovative and robust business model using digital distribution to bring benefits to the consumers. While these two initiatives were just launched less than three weeks ago, we have already received very positive responses from interested market players. To complement these initiatives, we have also...

... biggest red-flag for the IA is if it finds a business model which involves a broker company relying on (or even incentivizing) unregulated sales activities by third party referrers (rather than carrying on substantive regulated activities itself), as indicated by the broker company driving such...