..., after all, the great strength of the insurance industry lies, among others, on their innovativeness in devising policies tailored to suit the needs of prospective policy holders. 4.3. For the avoidance of doubt, it is not the intention of the IA to include conventional or traditional participating...

... should be covering in my opening remarks. 3. After a bit of soul-searching, I decided it would be appropriate for me to update you on the challenges faced by the IA since taking over the prudential regulation work from the Office of Commissioner of Insurance on 26th June, 2017. 4. First and foremost is...

... supervise an insurance group, is empowered to designate an insurance holding company belonging to that insurance group as a designated insurance holding company (“DIHC”). After designation, the IA will have the following direct regulatory powers over the DIHC &ndash...

... (decreased by 28.8%) and $2.5 billion from Linked business (decreased by 6.2%). One year after the launch of Qualifying Deferred Annuity Policy (QDAP) in April 2019, around 133,000 such policies have been sold as at the end of March 2020, contributing total premiums amounting to $9.4 billion. The...