...) 2.1 & 2.9: AML/CFT systems = internal P&P + Controls* * senior management oversight * appointing CO & MLRO * compliance & audit function * staff screening & training Office of the Commissioner of Insurance The Government of the Hong Kong Special Administrative Region 5 Observation • Some requirements...

... insurance business for the purpose of Own Risk Solvency Assessment Report (Effective from January 2020) I. Background I.1. The Guideline on Enterprise Risk Management (“GL21”) was published by the Insurance Authority (“IA”) on 5 July 2019 and takes effect from 1 January 2020. Section 9 of GL21 sets out the...

... to paragraph 5.5 of the Guideline, please clarify if insurers are required to seek the IA’s approval prior to adopting any digital verification technology. A4 Insurers are not required to obtain the IA’s prior approval for adopting any digital signature or other similar signature verification...

... Background I.1. The Guideline on Enterprise Risk Management (“GL21”) was published by the Insurance Authority (“IA”) on 5 July 2019 and takes effect from 1 January 2020. Section 9 of GL21 sets out the minimum requirements for the Own Risk and Solvency Assessment (“ORSA”) Report that each authorized insurer...

... Background I.1. The Guideline on Enterprise Risk Management (“GL21”) was published by the Insurance Authority (“IA”) on 5 July 2019 and takes effect from 1 January 2020. Section 9 of GL21 sets out the minimum requirements for the Own Risk and Solvency Assessment (“ORSA”) Report that each authorized insurer...

... to paragraph 5.5 of the Guideline, please clarify if insurers are required to seek the IA’s approval prior to adopting any digital verification technology. A4 Insurers are not required to obtain the IA’s prior approval for adopting any digital signature or other similar signature verification...

... 5. Mentorship Each trainee will be assigned to a mentor who is a senior member of IA to provide necessary guidance and support.   6. Action Learning Project Trainees will complete an Action Learning Project in the final...

... Requirements and Status of this Guideline ........... 2 3. Scope of Application ............................................................................................... 2 4. Criteria for Certification .......................................................................................... 2 5...