... two others, from at least one I will be able to learn.” At the IA, we would keep on our learning by walking with many more others, be they from the diverse membership which makes up our great industry, the service providers who support them, or our fellow regulators both in Hong Kong and abroad. I am...
https://www.ia.org.hk/english/infocenter/files/Asian_Insurance_Forum_2019.pdf -
Date: 2020-06-12
... of any financial or actuarial projections, if applicable (e.g. if triggers are indemnity based); (k) disclosure of outsourcing agreements; and (l) credit risk associated with key service providers, including financial guarantors used to protect the position of investors. 6.7 For ongoing monitoring of...
https://www.ia.org.hk/english/legislative_framework/files/GL17.pdf -
Date: 2020-09-24
... incurred after the valuation date. “Outstanding claims liabilities” refers to the obligation whether contractual or otherwise, to make future payments in relation to all claims that have been incurred as at the valuation date, and includes reserves for claims reported, incurred but not reported (IBNR) and...
https://www.ia.org.hk/english/legislative_framework/files/GL9.pdf -
Date: 2020-09-24
... money calculation by the insurance brokers. 4.4 Withdraw from client accounts earned brokerage commission ONLY AFTER lodgments have been cleared with proper supporting records. 4.5 Conduct regular client money reconciliations (known as the internal reconciliation) where: (a) The ledger balance of client...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN11_Guidance_Note_on_Keeping_of_Separate_Client_Monies_v1_16_8_2013_eg19.pdf -
Date: 2019-12-20
..., pending for the regular client money calculation by the insurance brokers. 4.4 Withdraw from client accounts earned brokerage commission ONLY AFTER lodgments have been cleared with proper supporting records. 4.5 Conduct regular client money reconciliations (known as the internal reconciliation) where: (a...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/2_CIB_GN11_Guidance_Note_on_Keeping_of_Separate_Client_Monies_v2_12_5_2015_eg19.pdf -
Date: 2019-12-20