... outsourced service is disrupted or falls short of acceptable standards; (c) cost of outsourcing as a proportion to the total operating costs of the insurer; and (d) degree of difficulty and time required to find alternative service provider or to bring the outsourced service in-house, if necessary. 5.5. An...

... Capital (“RBC”) Regime which is targeted to be implemented in 2024. We received a total of 120 Own Risk and Solvency Assessment (“ORSA”) Reports prepared for the first time under the GL21. We consider that insurers generally made a good advancement in implementing their risk management governance and ORSA...

... egn201822203659 UNITED NATIONS (ANTI-TERRORISM MEASURES) ORDINANCE (Chapter 575) Updating of specification of names of persons designated as terrorists or terrorist associates by the Committees of the United Nations Security Council established pursuant to the Resolutions 1267 (1999), 1989 (2011) a...

... million from the Government. The IA is a financial regulator deriving its income from premium levies, authorization and annual fees, and specific user fees. We strive to achieve financial independence and are committed to deploying our resources optimally in performing our statutory functions. 4 total...

... million from the Government. The IA is a financial regulator deriving its income from premium levies, authorization and annual fees, and specific user fees. We strive to achieve financial independence and are committed to deploying our resources optimally in performing our statutory functions. 4 total...

... fair treatment of customers, and the issue of equity between shareholders and policyholders. I-4 3. Provision of Standard Illustration 3.1 The objective of a standard illustration is to provide a potential customer with the projected performance of a life insurance policy showing the total benefits...

... systems at the entrance webpage for online application, display of the following Form of Disclosure and users are required to check a box as having read it before they are allowed to proceed with the application; "[Broker Name] (the “Company”) is remunerated for its services by the receipt of commission...

... Consultation Conclusions on: (1) Draft Guideline on Fit and Proper Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41) and (2) Draft Guideline on Continuing Professional Development for Licensed Insurance Intermediaries July 2019 Contents Executive Summary 1 Feedb...

... and liabilities attributable to its long term business under section 22 of the Ordinance, and ensuring that not less than one- sixth of the required solvency margin is held in the separate fund and in the total long term business funds. Where such requirement cannot be complied with on a global basis...

... and liabilities attributable to its long term business under section 22 of the Ordinance, and ensuring that not less than one- sixth of the required solvency margin is held in the separate fund and in the total long term business funds. Where such requirement cannot be complied with on a global basis...