... to implement five near-term action points: Climate-related disclosures aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations1 will be mandatory across relevant sectors no later than 2025. Building on the existing requirements of listed companies...

... operation (e.g. provision of adequate services to customers) and reputation of the insurer if the outsourced service is disrupted or falls short of acceptable standards; (b) impact on the ability of the insurer to maintain adequate internal controls and comply with legal and regulatory requirements if the...

... prudent reinsurance practices through the issue of guidelines and circular letters. An authorized insurer is obliged to follow any applicable guidance so provided. For the avoidance of doubt, the insurer should also follow the “Guideline on Reinsurance with Related Companies” (“GL12”) in respect of any...

... Insurance Authority signs Memorandum of Understanding with Independent Commission Against Corruption to strengthen cooperation to combat corruption 26 October 2023 The Insurance Authority (IA) and the Independent Commission Against Corruption (ICAC...

... $15.5 billion and 11.5% to $10.6 billion respectively compared with the corresponding period in 2017. Overall underwriting performance however recorded a loss of $166 million. On direct business, gross and net premiums increased by 4.8% to $11.7 billion and 4.3% to $8 billion respectively in...

... customers are treated fairly. 1.2 Life insurance policies are generally long term in nature and the decision to purchase a life insurance policy is an important one. Providing policy holders with the opportunity to reflect on their decision is a key aspect of the “fair customer treatment” principle. The...

... customers are treated fairly. 1.2 Life insurance policies are generally long term in nature and the decision to purchase a life insurance policy is an important one. Providing policy holders with the opportunity to reflect on their decision is a key aspect of the “fair customer treatment” principle. The...