... honest about the limits of the product, not overpromise, convey risks in an understandable manner, and place customers in a position where they can make informed decisions. Clear, simple, non-technical wording of brochures, policies and all communications with customers is crucial in this...

... been applied to the entire value chain of insurance. First, we encourage positive disruption to the insurance industry. While we consider that products offered though digital channels should be simple and contain high protection elements, we are also mindful that innovation should not be stifled by...

... been applied to the entire value chain of insurance. First, we encourage positive disruption to the insurance industry. While we consider that products offered though digital channels should be simple and contain high protection elements, we are also mindful that innovation should not be stifled by...

... been applied to the entire value chain of insurance. First, we encourage positive disruption to the insurance industry. While we consider that products offered though digital channels should be simple and contain high protection elements, we are also mindful that innovation should not be stifled by...

... 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...

... 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 protection and long-term savings...

... formulated in consultation with the industry and the public. At the same time, we have refined six existing guidelines on the sale of long term policies. The volume of those regulatory instruments appears huge but the basic principle is simple. Let me now summarise some of the most important requirements and...

... formulated in consultation with the industry and the public. At the same time, we have refined six existing guidelines on the sale of long term policies. The volume of those regulatory instruments appears huge but the basic principle is simple. Let me now summarise some of the most important requirements and...

... formulated in consultation with the industry and the public. At the same time, we have refined six existing guidelines on the sale of long term policies. The volume of those regulatory instruments appears huge but the basic principle is simple. Let me now summarise some of the most important requirements and...

... Phase II of the Project. 14. As regards operational risk, we proposed to adopt a simple approach initially, for example, by reference to premiums, new business and claims. Some respondents feel that volume-based methodology may not be appropriate for measuring the level of operational risk an insurer...